Director Chuck Hastings filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 14,450 restricted stock units in Applied Digital Corp. (NASDAQ:APLD) on November 4, 2026.

Key Highlights

  • Grant date: 14,450 restricted stock units were acquired on November 4, 2026, at a price of $0.
  • Purpose: The RSUs were granted to non-employee directors for board service, according to the filing.
  • Vesting schedule: The RSUs vest in full on November 4, 2027, subject to continued service through that date.
  • Conversion terms: Each RSU converts into one share of Applied Digital Corporation common stock on a one-for-one basis, with no expiration date.
  • Post-transaction ownership: Following the grant, Hastings beneficially owns 402,822 shares of common stock directly.

Applied Digital Director Chuck Hastings Receives Annual Board RSU Grant

According to the Form 4 filed on November 6, 2026, Chuck Hastings, a director of Applied Digital Corp., received a grant of 14,450 restricted stock units on November 4, 2026. The transaction was coded "A" (acquired), and the price per unit was reported as $0, consistent with an equity award granted for board service rather than a market purchase.

The filing states that the RSUs were "granted on November 4, 2026 to non-employee directors for board service" and "convert into shares of common stock of Applied Digital Corporation (the 'Issuer') on a one-for-one basis." The units carry no expiration date and are scheduled to vest in full on November 4, 2027, contingent on Hastings's continued service through that date.

Following this transaction, Hastings directly holds 402,822 shares of Applied Digital common stock, as reported in Table I of the filing. The Form 4 was signed by Mark Chavez as attorney-in-fact on November 6, 2026, and was filed on behalf of Hastings as an individual reporting person.

What Was Disclosed

Chuck Hastings, a director of Applied Digital Corp. (NASDAQ:APLD), disclosed the receipt of 14,450 RSUs at $0 on November 4, 2026, for board service. The units vest on November 4, 2027, and his total direct beneficial ownership stands at 402,822 shares.