Director Richard N. Nottenburg filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 14,450 restricted stock units in Applied Digital Corp. granted on November 4, 2026 for board service.

Key Highlights

  • Grant date: 14,450 RSUs were granted to Richard N. Nottenburg on November 4, 2026, at a price of $0.
  • Vesting schedule: The RSUs vest in full on November 4, 2027, subject to continued service through that date.
  • Conversion terms: The RSUs convert into shares of Applied Digital Corporation common stock on a one-for-one basis and have no expiration date.
  • Post-transaction ownership: Following the grant, Nottenburg directly beneficially owns 116,578 shares of common stock.
  • Role: Nottenburg is identified as a Director of Applied Digital Corp. in the filing.

Nottenburg RSU Grant Details: Applied Digital Director Board Award, November 2026

According to the Form 4 filed on November 6, 2026, Richard N. Nottenburg, a director of Applied Digital Corp. (NASDAQ:APLD), acquired 14,450 restricted stock units on November 4, 2026. The filing indicates the transaction code was "A" (acquisition), and the price recorded was $0, consistent with the RSUs being a non-cash grant for board service to non-employee directors.

The filing states that the RSUs "convert into shares of common stock of Applied Digital Corporation (the 'Issuer') on a one-for-one basis, have no expiration date, and vest in full on November 4, 2027, subject to the Reporting Person's continued service through such date." Following this transaction, Nottenburg's direct beneficial ownership of common stock is reported as 116,578 shares. No derivative securities were reported in Table II of the filing.

The Form 4 was signed by Mark Chavez as Attorney-in-Fact on November 6, 2026, and was filed as an individual, single-reporting-person form. No amendment date was listed, indicating this is an original filing rather than a revision.

What Was Disclosed

The filing disclosed a grant of 14,450 RSUs to Director Richard N. Nottenburg on November 4, 2026, at $0 cost, for board service. The RSUs vest on November 4, 2027, with Nottenburg's resulting direct beneficial ownership standing at 116,578 shares.