{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-005788","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.618899+00:00","generated_at":"2026-05-16T03:49:30.803332+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"APLD grants 2.25M PSUs and 750k RSUs to President and CFO tied to hyperscaler contracts and NOI targets","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-005788","json":"https://secwatch.observer/filing/0001493152-26-005788.json","markdown":"https://secwatch.observer/filing/0001493152-26-005788.md","text":"https://secwatch.observer/filing/0001493152-26-005788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226005788/0001493152-26-005788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226005788/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:49:30.803332+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"}