Applied Digital CEO buys 55,803 shares at $18.04 each

Wes Cummins, CEO and chairman of Applied Digital Corp. (NASDAQ: APLD), purchased 55,803 shares of common stock on Oct. 16, at a price of $18.04 per share, according to a Form 4 filed with the U.S. Securities and Exchange Commission.

Following the transaction, Cummins directly holds 5,874,453 shares, which includes 1,500,000 restricted stock units granted on Jan. 6, 2026, and 742,166 shares held in his IRA. He also holds 17,590,238 shares indirectly through Cummins Family Ltd., where he serves as CEO, and 12,798 shares indirectly through 272 Capital, where he previously served as president.

The restricted stock units vest with 300,000 units on Jan. 6, 2027, and the remainder vesting in equal installments of 150,000 units every six months thereafter, with full vesting on the five-year anniversary of the grant date, subject to continued employment or accelerated vesting under certain conditions.

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