Director Douglas S. Miller 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: November 4, 2026, the date of the RSU award to director Douglas S. Miller.
  • Shares acquired: 14,450 restricted stock units, acquired at a price of $0.
  • Vesting schedule: RSUs vest in full on November 4, 2027, subject to continued service through that date.
  • Conversion: Each RSU converts into one share of Applied Digital Corp. common stock on a one-for-one basis with no expiration date.
  • Resulting ownership: Following the transaction, Miller beneficially owns 199,309 shares of common stock directly.
  • Purpose: According to the filing, the RSUs were granted to non-employee directors for board service.

Applied Digital Director Miller Receives RSU Grant for Board Service

According to the Form 4 filed on November 6, 2026, Douglas S. Miller, a director of Applied Digital Corp. (NASDAQ:APLD), received a grant of 14,450 restricted stock units on November 4, 2026. The filing identifies the transaction code as "A" (acquired) and states the acquisition price as $0, consistent with a director compensation award rather than an open-market purchase.

The filing's explanation of responses states that the RSUs were "granted on November 4, 2026 to non-employee directors for board service." Each RSU converts into one share of Applied Digital Corporation common stock 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 Miller's continued service through that date.

Following the reported transaction, the filing discloses that Miller directly and beneficially owns 199,309 shares of common stock. The Form 4 was signed by Mark Chavez as Attorney-in-Fact on November 6, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Applied Digital Corp. director Douglas S. Miller disclosed a grant of 14,450 RSUs on November 4, 2026, for board service. The units vest on November 4, 2027, and upon vesting convert to common stock on a one-for-one basis, bringing his direct beneficial ownership to 199,309 shares.