Applied Digital Corp. (APLD) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-04-30

Key Insights

Director Richard Nottenburg sold 25,000 shares across two consecutive trading days (April 28-30, 2026) at prices ranging from $32 to $34.59, reducing his beneficial ownership from approximately 233,878 to 208,378 shares.
The sales occurred at higher valuations on the second transaction ($34.59 weighted average vs. $32), suggesting strategic timing rather than distressed selling, though the volume represents a meaningful 10.9% reduction in his shareholdings.
Nottenburg retains 7,747 unvested RSUs that will convert to common stock in November 2026, indicating continued alignment with the company despite the recent share disposition.

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Earlier Insider Trading filings

Filed: 2026-04-28

Director Douglas Miller sold 10,000 shares on April 27, 2026 at a weighted average price of $34.98, representing a modest reduction in his direct holdings from approximately 194,859 shares to 184,859 shares.
The sale was executed across multiple transactions at prices ranging from $34.91 to $35.05, suggesting a deliberate execution strategy rather than a single large transaction, which is typical for insider portfolio rebalancing.
Miller retains significant beneficial ownership of 184,859 shares plus 7,747 unvested RSUs (granted November 2025, vesting November 2026), demonstrating continued confidence in the company despite the modest share sale.
The transaction does not appear to be part of a Rule 10b5-1 trading plan based on the filing checkboxes, indicating this was a discretionary sale rather than a pre-planned disposition.

Filed: 2026-04-14

Insider Wes Cummins, the CEO and Chairman of Applied Digital Corp., exercised 100,000 restricted stock units (RSUs) and sold 39,350 shares to cover tax withholdings, indicating continued confidence in the company's future.
Cummins also holds a significant indirect ownership stake in the company through Cummins Family Ltd. and 272 Capital, totaling over 18 million shares, demonstrating a long-term commitment to the business.
The vesting schedule for Cummins' RSUs suggests a focus on long-term growth, with the final tranche scheduled to vest in October 2027, aligning his interests with those of shareholders.

Filed: 2026-04-07

Wes Cummins, the CEO and Chairman of Applied Digital Corp., exercised 100,000 restricted stock units (RSUs) and disposed of 34,579 shares for tax purposes, indicating continued ownership and alignment with shareholders.
Cummins holds a substantial direct ownership of 4.2 million shares, as well as indirect beneficial ownership of over 18 million additional shares through Cummins Family Ltd. and 272 Capital, demonstrating his significant commitment to the company.
The vesting and settlement of RSUs, including a new grant of 1.5 million RSUs in January 2026, suggests Cummins' long-term incentive alignment and the company's confidence in his leadership.

Filed: 2026-04-07

The reporting person, Mohammad Saidal LaVanway, the Chief Financial Officer of Applied Digital Corp. (APLD), has exercised restricted stock units (RSUs) to acquire 94,167 shares of the company's common stock.
LaVanway has also sold 36,330 shares to cover tax withholding obligations, indicating he continues to hold a significant equity stake in the company.
The RSU grants and vesting schedule suggest that LaVanway has been granted substantial long-term incentive compensation, aligning his interests with those of shareholders.

Filed: 2026-02-09

The reporting person, Mohammad Saidal LaVanway, was granted 250,000 restricted stock units (RSUs) of Applied Digital Corp. (APLD) on February 6, 2026, which will vest over a five-year period, indicating the company's commitment to retain and incentivize its Chief Financial Officer.
The current direct ownership of 371,409 shares by the reporting person represents a significant stake in the company, aligning his interests with those of other shareholders.
The transaction was made pursuant to a written plan, suggesting the reporting person may have a long-term investment strategy in the company.

Filed: 2026-02-09

The reporting person, Jason Gechen Zhang, acquired 500,000 restricted stock units (RSUs) of Applied Digital Corp. on February 6, 2026, representing a significant increase in his beneficial ownership of the company's shares.
The RSUs granted to the reporting person vest over a five-year period, with the first tranche vesting on February 6, 2027, indicating a long-term commitment to the company.
The reporting person previously held 750,000 RSUs granted in August 2025, which are also vesting over time, suggesting a pattern of insider accumulation of the company's stock.

Filed: 2026-01-30

The reporting person, Chuck Hastings, is a director of Applied Digital Corp. (APLD) and has sold 45,987 shares of the company's common stock at an average price of $38.57.
Hastings still owns a substantial stake of 388,372 shares, including 7,747 restricted stock units granted in November 2025 that will vest in November 2026.
This transaction appears to be a routine sale of a portion of Hastings' holdings, which is common for directors to diversify their personal portfolios.

Filed: 2026-01-23

Douglas S. Miller, a director at Applied Digital Corp., gifted 6,000 shares of the company's common stock to his children on January 22, 2026.
Miller holds 194,859 shares of Applied Digital Corp. directly, including 7,747 restricted stock units granted on November 9, 2025 that will vest in full on November 5, 2026.
The gift of 6,000 shares represents a small portion of Miller's overall stake, indicating the transaction is likely a personal financial management decision rather than a significant change in his position.

Filed: 2026-01-16

The reporting person, Richard N. Nottenburg, is a director of Applied Digital Corp. and has sold 23,606 shares of the company's common stock over the past two days.
Nottenburg still holds 233,378 shares of Applied Digital, including 207,747 restricted stock units that vest in 2026 and 2027, suggesting he remains invested in the company.
The sale of shares was executed at weighted average prices of $35.28 and $35.45, indicating Nottenburg is likely taking some profits but remains a significant shareholder.

Filed: 2026-01-16

Wes Cummins, the CEO and Chairman of Applied Digital Corp., sold 165,000 shares of common stock in a series of transactions at an average price of $36.42.
Cummins still holds a significant stake in the company, with over 22.5 million shares, including indirect ownership through Cummins Family Ltd. and 272 Capital, LP.
The company has granted Cummins a total of 2.7 million restricted stock units (RSUs), with 1.5 million granted on January 6, 2026, vesting over the next 5 years.

Filed: 2026-01-14

The filing indicates that the reporting person, Douglas S. Miller, is a director of Applied Digital Corp. and sold 10,000 shares of the company's common stock on January 12, 2026 at a price of $38.54 per share.
Miller still owns 200,859 shares of Applied Digital Corp. following the reported transaction, indicating he maintains a significant stake in the company.
The filing also discloses that Miller holds 7,747 restricted stock units (RSUs) granted on November 9, 2025 which will vest in full on November 5, 2026 if he continues to serve as a director.

Filed: 2026-01-08

Wes Cummins, the CEO and Chairman of Applied Digital Corp., acquired a significant amount of company stock through 1.5 million restricted stock units and 4.5 million performance stock units, indicating his confidence in the company's future.
Cummins already holds a large indirect ownership stake in Applied Digital through his ownership of Cummins Family Ltd. and 272 Capital, LP, suggesting he is deeply invested in the company's success.
The performance-based vesting conditions on the 4.5 million performance stock units are tied to ambitious stock price targets, implying Cummins believes the company has significant upside potential.

Other reports for Applied Digital Corp.

Current Report Quarterly Report

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.