Director Ella G. Benson filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 14,450 restricted stock units granted by Applied Digital Corp. on November 4, 2026, for board service.

Key Highlights

  • Grant date: 14,450 RSUs were acquired on November 4, 2026, at a price of $0.
  • Vesting schedule: The RSUs vest in full on November 4, 2027, subject to Benson's continued service through that date.
  • Conversion ratio: Each RSU converts into one share of Applied Digital Corp. common stock on a one-for-one basis, with no expiration date.
  • Post-transaction ownership: Following the grant, Benson beneficially owns 82,872 shares of common stock directly.
  • Prior grant detail: The total includes 60,976 shares of restricted stock granted on May 6, 2024, as an initial grant upon initiation of board service, with portions vesting on April 30, 2025, April 30, 2026, and April 30, 2027.
  • Filing signatory: The form was signed by Mark Chavez as attorney-in-fact on November 6, 2026.

Applied Digital Corp. Director Receives Annual RSU Award for Board Service

According to the Form 4 filed with the SEC, Ella G. Benson, a director of Applied Digital Corp. (NASDAQ:APLD), received a grant of 14,450 restricted stock units on November 4, 2026. The filing describes these RSUs as granted to non-employee directors for board service. The RSUs were acquired at a reported price of $0 and convert into shares of Applied Digital Corp. common stock on a one-for-one basis. They have no expiration date and are scheduled to vest in full on November 4, 2027, contingent on Benson's continued service through that date.

Following the reported transaction, the filing states that Benson directly and beneficially owns 82,872 shares of common stock in total. The filing notes that this figure includes 60,976 shares of restricted stock that were granted on May 6, 2024, as an initial grant upon her initiation of board service. Of those shares, 20,326 vested on April 30, 2025, 20,325 vested on April 30, 2026, and 20,325 are scheduled to vest on April 30, 2027, subject to Benson remaining a director of the issuer on that date.

No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person and was signed by Mark Chavez as attorney-in-fact on November 6, 2026, the same date it was submitted to the SEC.

What Was Disclosed

Director Ella G. Benson disclosed the receipt of 14,450 RSUs from Applied Digital Corp. on November 4, 2026, at no cost, vesting in one year. Her total direct beneficial ownership following the transaction is reported as 82,872 shares.