---
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"
generated_at: "2026-05-16T03:49:30.803332+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-005788
- JSON: https://secwatch.observer/filing/0001493152-26-005788.json
- Plain text: https://secwatch.observer/filing/0001493152-26-005788.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.