Form 4: Applied Digital Executive Reports Stock Transaction
Insider Transaction (Form 4)
Wes Cummins, CEO; Chairman and a Director of Applied Digital Corp., reported multiple transactions in common stock on October 10, 2026.
Summary
- Option exercise/conversion: acquired 100,000 Common Stock on October 10, 2026; holds 5,858,000 after (Direct).
- Tax/exercise-price withholding: disposed of 39,350 Common Stock at $23.68 ($931,808) on October 10, 2026; holds 5,818,650 after (Direct).
- Option exercise/conversion: disposed of 100,000 Restricted Stock Unit on October 10, 2026; holds 200,000 after (Direct).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as routine: the reported changes are grants, option exercises, tax withholding or similar administrative transactions, which carry limited directional signal.
Insider Transactions
Wes Cummins — Director, Officer (CEO; Chairman)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-10 | Option exercise/conversion | Common Stock | 100,000 | — | — | 5,858,000 |
| 2026-10-10 | Tax/exercise-price withholding | Common Stock | 39,350 | $24 | $931.8K | 5,818,650 |
| 2026-10-10 | Option exercise/conversion | Restricted Stock Unit | 100,000 | — | — | 200,000 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-10 | Option exercise/conversion (100,000 shares) |
| 2026-10-10 | Tax/exercise-price withholding (39,350 shares) |
| 2026-10-10 | Option exercise/conversion (100,000 shares) |
Keywords
insider transaction, Form 4, APLD, Applied Digital Corp., neutral, Wes Cummins
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