---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-010113"
form_type: "8-K/A"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:22:35.268856+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Applied Digital fixes PSU award error; existing Polaris Forge data centers now count toward hurdles

## Summary
- Amended agreement with President Jason Zhang corrects scrivener's error that omitted existing Polaris Forge 1 data centers from PSU hurdle calculation.
- Investment-grade hyperscaler requirement now applies only to First and Third Hurdles; any hyperscaler counts for Second and Fourth Hurdles.
- Total PSUs unchanged at 1.5 million; vesting hurdles remain 600 MW for First/Third and 1.6 GW for Second/Fourth.
- All contracts entered before award date now count toward hurdles; prior version only considered post-award contracts.

## SEC filing metadata
- accession: 0001493152-26-010113
- form_type: 8-K/A
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315226010113/0001493152-26-010113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315226010113/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-010113
- JSON: https://secwatch.observer/filing/0001493152-26-010113.json
- Plain text: https://secwatch.observer/filing/0001493152-26-010113.txt

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