Wes Cummins Exercises Options at Applied Digital Corp (APLD) — SEC Form 4, Aug 07, 2025

SEC Form 4 · No Market Transaction

Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner

Wes Cummins

CEO 10% Owner

TXN 2025-08-05 · FILED 2025-08-07

Equity Position 22.3M sh 22,258,320 → 22,308,862

Equity Change +0.2% shares held after vs before

Filing Lag 2 business days within 2-day SEC deadline

Form 4 · Statement of Changes in Beneficial Ownership

Applied Digital Corp

APLD CIK 0001144879

Reporting Owner

Name	Relationship
Wes Cummins CIK 0001391935	Director CEO 10% Owner

Wes Cummins at Applied Digital Corp Full insider history

Bought (12 mo) $1,006,686

Sold (12 mo) $6,009,300

More from this insider at Applied Digital Corp

Non-Derivative Securities Transactions

Title	Date	Type	Shares	Price	Net Total	Post-Txn	Ownership
Common StockF1 F2	2025-08-05	M - Exercise	83,334 A		—	3,092,171	Direct
Common StockF3	2025-08-05	F - Tax Payment	32,792 D	$14.89	-$488,273	3,059,379	Direct

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Restricted Stock UnitF1 F1 F1		2025-08-05	M - Exercise	83,334 D	$0.00		83,334 Common Stock	Direct

Non-Derivative Holdings

Title	Shares Held	Ownership
Common StockF4	17,590,238	Indirect See Footnote.
Common StockF5	1,626,453	Indirect See Footnote

Footnotes (5)

F1: Restricted stock units ("RSUs") granted on August 5, 2022 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 83,333 on each of February 5, 2023 and August 5, 2023, 83,334 on February 5, 2024, 83,333 on each of August 5, 2024 and February 5, 2025, and 83,334 on August 5, 2025. Show more
F2: Includes 742,166 shares held in the Reporting Person's IRA. Show more
F3: Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction. Show more
F4: Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO. Show more
F5: Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President. Show more

Institutional Holders

Largest by reported value

5%+ Holders · 13D/G 3 filers

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

Other insiders at Applied Digital Corp

GET /v1/forms/4/0001144879-25-000034 API docs