0001144879-26-000032.txt : 20260414 0001144879-26-000032.hdr.sgml : 20260414 20260414172406 ACCESSION NUMBER: 0001144879-26-000032 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20260410 FILED AS OF DATE: 20260414 DATE AS OF CHANGE: 20260414 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cummins Wes CENTRAL INDEX KEY: 0001391935 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31968 FILM NUMBER: 26861775 MAIL ADDRESS: STREET 1: 4505 LORRAINE AVE CITY: DALLAS STATE: TX ZIP: 75205 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Applied Digital Corp. CENTRAL INDEX KEY: 0001144879 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology EIN: 954863690 STATE OF INCORPORATION: NV FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 3811 TURTLE CREEK BLVD., SUITE 2100 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 214-556-2465 MAIL ADDRESS: STREET 1: 3811 TURTLE CREEK BLVD., SUITE 2100 CITY: DALLAS STATE: TX ZIP: 75219 FORMER COMPANY: FORMER CONFORMED NAME: Applied Blockchain, Inc. DATE OF NAME CHANGE: 20210423 FORMER COMPANY: FORMER CONFORMED NAME: Applied Science Products, Inc. DATE OF NAME CHANGE: 20110118 FORMER COMPANY: FORMER CONFORMED NAME: FLIGHT SAFETY TECHNOLOGIES INC DATE OF NAME CHANGE: 20020926 4 1 wk-form4_1776201844.xml FORM 4 X0609 4 2026-04-10 0 0001144879 Applied Digital Corp. APLD 0001391935 Cummins Wes false 3811 TURTLE CREEK BOULEVARD SUITE 2100 DALLAS TX 75219 1 1 0 0 CEO; Chairman 0 Common Stock 2026-04-10 4 M 0 100000 A 4341750 D Common Stock 2026-04-10 4 F 0 39350 26.26 D 4302400 D Common Stock 17590238 I See Footnote. Common Stock 722483 I See Footnote Restricted Stock Unit 2026-04-10 4 M 0 100000 0 D Common Stock 100000 300000 D Restricted stock units ("RSUs") granted on October 10, 2024, represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 200,000 vested on October 10, 2025, 100,000 vested on April 10, 2026 and 100,000 shall vest on each of October 10, 2026, April 10, 2027, and October 10, 2027. Includes 742,166 shares held in the Report Person's IRA. Includes 1,500,000 restricted stock units ("RSUs") granted on January 6, 2026 (the "Grant Date") which represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, and vest as follows: 300,000 RSUs on January 6, 2027 (the "Cliff Date"), with the remainder vesting in equal installments of 150,000 RSUs every six months after the Cliff Date, such that the RSUs will be fully vested on the five-year anniversary of the Grant Date, subject to continued full-time employment in a role approved by the Board of Directors through such date or accelerated vesting upon certain conditions. Represents the withholding of shares of common stock of the Company for tax purposes in connection with the vesting of RSUs, which does not constitute an actual sale or other open market transaction. Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO. Shares are held by 272 Capital, of which the Reporting Person was the President. /s/ Mark Chavez as Attorney-in-Fact 2026-04-14