Zhang Jason Gechen sold APLD
September 12, 2026 · Form 4 insider transaction
Zhang Jason Gechen sold 49,188 shares of Applied Digital Corporation at $26.42 per share, a transaction worth $1.30M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the immediate vesting of restricted stock units ("RSUs"), which does not constitute an actual sale or other open market transaction.; Includes 500,000 RSUs granted on February 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, have no expiration date, and vest as follows: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 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, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.; Includes the remainder of 500,000 RSUs granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis and have no expiration date. 125,000 of the RSUs vested on September 12, 2026 and 125,000 of the RSUs shall vest on each of March 12, 2027, September 12, 2027 and March 12, 2028, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable date or accelerated vesting upon certain conditions.