Applied Digital Co-Founder's Stake in the Company Drops by Nearly 50,000 Shares Worth $1.3 Million
The infrastructure specialist for high-performance computing and artificial intelligence reported a notable insider disposition.
Overview
Applied Digital Corporation (NASDAQ:APLD) President and co-founder Jason Gechen Zhang reported a non-discretionary disposition of 49,188 shares of common stock on September 12, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($26.42).
Details
Applied Digital Corporation operates as a specialized infrastructure provider serving the high-growth artificial intelligence and high-performance computing sectors, with a market cap of $7.2 billion. The company's competitive positioning is anchored in its purpose-built data center infrastructure optimized for GPU-intensive workloads, addressing the critical infrastructure requirements of the rapidly expanding AI and machine learning ecosystem.
Source
Originally published at www.fool.com.