{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-005250","form_type":"8-K/A","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.645174+00:00","generated_at":"2026-05-23T11:32:15.314470+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Applied Digital grants 2.445M PSUs to three executives with milestones tied to data center performance","bullets":["1.6M PSUs to CEO Wes Cummins, 245k to CFO Saidal Mohmand, 600k to Laura Laltrello under 2024 Omnibus Plan.","Vesting requires: Building 02 achieving >$20M net operating income for 2 quarters OR hyperscaler lease for 200+ MW.","Additional vesting condition: Building 03 reaching ready-for-service date; Laltrello also must keep opex <$34.50/kWm over 12 months.","PSUs expire Dec 31, 2027 if conditions unmet; full acceleration on change of control.","Amendment updates prior 8-K; executives executed awards in April 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-005250","json":"https://secwatch.observer/filing/0001641172-25-005250.json","markdown":"https://secwatch.observer/filing/0001641172-25-005250.md","text":"https://secwatch.observer/filing/0001641172-25-005250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000164117225005250/0001641172-25-005250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000164117225005250/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T11:32:15.314470+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"}