{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-001423","form_type":"8-K/A","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.038720+00:00","generated_at":"2026-05-28T06:14:52.385961+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"APLD grants 2.7M PSUs to CEO, CFO, and VP tied to hyperscaler data center leases and revenue milestones","bullets":["CEO Wes Cummins awarded 1.6M PSUs (800k each tranche) tied to leasing Buildings A and B, financing, and sustainable revenue by Dec 31, 2027.","CFO Saidal Mohmand (490k PSUs) and David Rench (612.5k PSUs) granted with same performance conditions; vest after 1 year plus milestones.","Upon change of control before 2027, all PSUs vest in full, subject to continued employment.","PSUs forfeited if milestones not met by Dec 31, 2027; partial retention on qualifying termination based on achieved conditions A-C."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-001423","json":"https://secwatch.observer/filing/0001493152-25-001423.json","markdown":"https://secwatch.observer/filing/0001493152-25-001423.md","text":"https://secwatch.observer/filing/0001493152-25-001423.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225001423/0001493152-25-001423-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225001423/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T06:14:52.385961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}