Transaction Details

Footnotes

Restricted stock units ("RSUs") granted on November 25, 2025, that immediately vested upon grant in accordance with the terms of the award agreement. | Includes 750,000 RSUs granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on March 12, 2026 and one-sixth of the RSUs on September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date. | Represents the withholding of shares of common stock of the Company for tax purposes in connection with the immediate vesting of the RSUs, which does not constitute an actual sale or other open market transaction.