CFO Sells $2.6 Million Stock of AI Growth Stock
96,408 shares were disposed of following vesting of 245,000 performance stock units. Despite the sale, the CFO's total direct holdings grew to approximately 888,000 shares.
Overview
Mohammad Saidal Lavanway Mohmand, Chief Financial Officer of Applied Digital Corporation (NASDAQ:APLD), reported a non-discretionary disposition of 96,408 shares at $27.39 per share on July 31, 2026. SEC Form 4 filing
Transaction value based on SEC Form 4 weighted average sale price ($27.39); post-transaction value based on July 31, 2026, market close ($27.39).
Details
Applied Digital operates as a specialized digital infrastructure provider serving the high-growth artificial intelligence and high-performance computing markets. With a market capitalization of $9.0 billion and TTM revenue of $576.2 million, the company has demonstrated significant market momentum, reflected in its 108.45% one-year share price appreciation. As a capital-intensive infrastructure provider, Applied Digital is positioned at the intersection of accelerating demand for AI computing resources and enterprise digital transformation initiatives.
Source
Originally published at www.fool.com.