APLD grants 2.25M PSUs and 750k RSUs to President and CFO tied to hyperscaler contracts and NOI targets

Applied Digital Corp.

Jason Zhang (President/Co-Founder) receives 1.5M PSUs and 500k RSUs; Saidal Mohmand (CFO) receives 750k PSUs and 250k RSUs.
Zhang PSUs vest on signing contracts for 600 MW then 1.6 GW of data center capacity with investment-grade hyperscalers.
Mohmand PSUs vest on company achieving $1B and $2B trailing-twelve-month NOI targets by February 2031.
RSUs vest over five years (20% at one year, remainder semiannually); grants represent less than 1% of shares outstanding each.
Company cites 214% stock price gain in 2025, 176% revenue growth to $190.8M, and Polaris Forge leases as context.

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