Applied Digital's President and Chief Executive bought $6.66 million of company shares on 16 October

Two senior officers of Applied Digital Corp. (SEC CIK 0001144879, ticker APLD) bought a combined 355,803 shares of the company's common stock on 16 October 2026, worth about $6,664,686, according to Form 4 filings made with the SEC on 19 October.

Jason Gechen Zhang, the company's President, bought 300,000 shares at a weighted average price of $18.86, about $5,658,000. The filing states that the purchase was made in multiple transactions at prices ranging from $18.40 to $19.16. He held 2,839,227 shares directly afterwards, a figure that includes unvested restricted stock units. (Form 4, filed 19 October 2026, accession 0001900445-26-000006)

Wes Cummins, the Chief Executive and Chairman, bought 55,803 shares at $18.04, about $1,006,686. He held 5,874,453 shares directly afterwards, which the filing says includes 1,500,000 restricted stock units granted on 6 January 2026 and 742,166 shares held in his IRA. (Form 4, filed 19 October 2026, accession 0001391935-26-000009)

The same filing reports further indirect holdings of 17,590,238 shares held by Cummins Family Ltd., of which he is chief executive, and 12,798 shares held by 272 Capital. (Form 4, filed 19 October 2026, accession 0001391935-26-000009)

Both purchases carry transaction code P, an open-market or private purchase, and neither filing indicates that the trade was made under a Rule 10b5-1 trading plan. Neither officer reported any derivative transactions. (Forms 4, filed 19 October 2026)

The filings do not state the reasons for the purchases. Loro has made no approach to the company. Figures are as reported in Applied Digital Corp.'s SEC filings.