Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses APLD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named APLD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Wes Cummins | $706,251 | $1,500,000 | $25,462,000 | $0 | $0 | $0 | $39,841 | $27,708,092 |
| Chief Executive Officer and Chairman of the Board | ||||||||
| Laura Laltrello | 222,917 | 176,000 | 9,534,000 | — | — | — | 13,493 | 9,946,409 |
| Chief Operating Officer | ||||||||
| Saidal Mohmand | 369,792 | 445,313 | 8,932,700 | — | — | — | 39,751 | 9,787,555 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Wes Cummins | $27,708,092 | $1,237,002 | $5,954,578 | +26,471,090 |
| Laura Laltrello | 9,946,409 | 9,946,409 | — | +0 |
| Saidal Mohmand | 9,787,555 | 9,787,555 | — | +0 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Wes Cummins | Director | 2025-10-04 | D | 39,350 | $27 | $1,043,956 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | A | 81,667 | — | — | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | D | 32,136 | 27 | 852,568 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | A | 12,500 | — | — | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | D | 4,919 | 27 | 130,501 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | D | 81,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-04 | D | 12,500 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-04 | A | 100,000 | — | — | Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-04 | D | 100,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-10 | D | 200,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-10 | A | 200,000 | — | — | Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-10 | D | 78,700 | 34 | 2,675,013 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-24 | D | 100,000 | 34 | 3,408,000 | Common | Form 4 ↗ |
| Rachel Lee | Director | 2025-10-24 | D | 24,213 | 33 | 803,872 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2025-10-24 | D | 37,503 | 36 | 1,367,734 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2025-10-24 | D | 34,375 | 33 | 1,142,281 | Common | Form 4 ↗ |
| Ella Benson | Director | 2025-10-29 | D | 42,569 | 35 | 1,502,686 | Common | Form 4 ↗ |
| Chuck Hastings | Director | 2025-10-29 | D | 25,000 | 34 | 856,750 | Common | Form 4 ↗ |
| Chuck Hastings | Director | 2025-10-29 | D | 50,000 | 36 | 1,784,500 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2025-10-30 | D | 9,375 | 36 | 336,656 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2025-10-30 | D | 5,000 | 35 | 174,000 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2025-10-31 | D | 903,970 | — | — | Common | Form 4 ↗ |
| Douglas Miller | Director | 2025-11-09 | A | 7,747 | 0 | 0 | Common | Form 4 ↗ |
| Rachel Lee | Director | 2025-11-09 | A | 7,747 | 0 | 0 | Common | Form 4 ↗ |
| Chuck Hastings | Director | 2025-11-09 | A | 7,747 | 0 | 0 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2025-11-09 | A | 7,747 | 0 | 0 | Common | Form 4 ↗ |
| Ella Benson | Director | 2025-11-09 | A | 7,747 | 0 | 0 | Common | Form 4 ↗ |
| Ella Benson | Director | 2025-11-24 | D | 8,581 | 23 | 199,251 | Common | Form 4 ↗ |
| Jason Gechen Zhang | Chief Strategy Officer | 2025-11-25 | D | 60,881 | 25 | 1,518,372 | Common | Form 4 ↗ |
| Jason Gechen Zhang | Chief Strategy Officer | 2025-11-25 | A | 170,000 | 0 | 0 | Common | Form 4 ↗ |
| Douglas Miller | Director | 2025-11-28 | D | 8,000 | 27 | 215,840 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-01-06 | A | 4,500,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-01-06 | A | 1,500,000 | 0 | 0 | RSU | Form 4 ↗ |
| Laura Laltrello | Chief Operating Officer | 2026-01-06 | D | 82,764 | 30 | 2,505,266 | Common | Form 4 ↗ |
| Douglas Miller | Director | 2026-01-12 | D | 10,000 | 39 | 385,400 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2026-01-14 | D | 12,000 | 35 | 425,400 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2026-01-14 | D | 11,606 | 35 | 409,460 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-01-16 | D | 165,000 | 36 | 6,009,300 | RSU | Form 4 ↗ |
| Douglas Miller | Director | 2026-01-22 | D | 6,000 | 0 | 0 | Common | Form 4 ↗ |
| Chuck Hastings | Director | 2026-01-29 | D | 45,987 | 39 | 1,773,719 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-02-06 | A | 250,000 | 0 | 0 | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-02-06 | A | 500,000 | 0 | 0 | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-03-12 | D | 93,037 | 27 | 2,556,657 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | D | 12,500 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-04 | A | 100,000 | — | — | RSU | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | D | 81,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | D | 4,194 | 25 | 103,005 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | A | 12,500 | — | — | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-04 | D | 34,579 | 25 | 849,260 | RSU | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | A | 81,667 | — | — | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-04-04 | D | 32,136 | 25 | 789,260 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-04 | D | 100,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-10 | D | 100,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-10 | D | 39,350 | 26 | 1,033,331 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-04-10 | A | 100,000 | — | — | Common | Form 4 ↗ |
| Douglas Miller | Director | 2026-04-27 | D | 10,000 | 35 | 349,800 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2026-04-28 | D | 12,500 | 32 | 400,000 | Common | Form 4 ↗ |
| Richard Nottenburg | Director | 2026-04-28 | D | 12,500 | 35 | 432,375 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-06-22 | D | 192,815 | 45 | 8,715,238 | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-06-22 | D | 314,800 | 45 | 14,228,960 | Common | Form 4 ↗ |
| Saidal Mohmand | Chief Financial Officer | 2026-06-22 | A | 490,000 | — | — | Common | Form 4 ↗ |
| Wes Cummins | Director | 2026-06-22 | A | 800,000 | — | — | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-07-01 | A | 300,000 | — | — | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-07-01 | A | 375,000 | — | — | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-07-01 | D | 147,563 | 36 | 5,241,438 | Common | Form 4 ↗ |
| Jason Gechen Zhang | President | 2026-07-01 | D | 118,050 | 36 | 4,193,136 | Common | Form 4 ↗ |
| Laura Laltrello | Chief Operating Officer | 2026-07-06 | D | 43,440 | 34 | 1,455,240 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Wes Cummins | RSU | 2024-10-10 | — | — | 600,000 | — | $4,134,000 |
| Saidal Mohmand | RSU | 2024-10-17 | — | — | 408,334 | — | 3,246,255 |
| Saidal Mohmand | PSU | 2024-11-15 | — | 490,000 | — | — | — |
| Laura Laltrello | RSU | 2025-01-06 | — | — | 600,000 | — | 5,874,000 |
| Laura Laltrello | PSU | 2025-03-27 | — | 600,000 | — | — | — |
| Wes Cummins | PSU | 2024-11-15 | — | 1,600,000 | — | — | — |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Wes Cummins | $4,134,000 | $0 | $0 | 0.0% |
| Saidal Mohmand | 3,246,255 | 0 | 0 | 0.0% |
| Laura Laltrello | 5,874,000 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Wes Cummins | RSU | 83,334 | — | $569,171 |
| Saidal Mohmand | RSU | 408,334 | — | 2,788,921 |
| Wes Cummins | RSU | 1,600,000 | — | 10,928,000 |
| Wes Cummins | RSU | 600,000 | — | 4,098,000 |
| Laura Laltrello | RSU | 600,000 | — | 4,098,000 |
| Saidal Mohmand | RSU | 490,000 | — | 3,346,700 |
| Wes Cummins | RSU | 200,000 | — | 1,366,000 |
| Saidal Mohmand | RSU | 41,668 | — | 284,592 |
| Saidal Mohmand | RSU | 25,000 | — | 170,750 |
| Saidal Mohmand | RSU | 245,000 | — | 1,673,350 |
Our executive compensation programs are designed to: Attract, motivate, incentivize, and retain employees at the executive level who are critical to our long-term success; Provide compensation packages to our executives that are competitive, reward the achievement of our business objectives and effectively align their interests with those of our stockholders; and Focus on long-term equity incentives that correlate with the growth of sustainable long-term value for our stockholders.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensia, Inc. |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-11-05 | 63,373,101 | 57,050,059 | 551,594 | 52.63% | Passed |
| 2024 | 2024-11-20 | 122,304,079 | 3,330,988 | 290,264 | 97.35% | Passed |
| 2023 | 2023-11-09 | 55,041,649 | 7,898,511 | 1,118,367 | 87.45% | Passed |
| 2022 | 2022-11-10 | 48,396,674 | 656,735 | 386,301 | 98.66% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-11-05 | 52.63%a |
| 2024 | 2024-11-20 | 97.35%b |
| 2023 | 2023-11-09 | 87.45%c |
a. Approved under the standard stated in the filing — “As a result, abstentions, if any, will not affect the outcome of the vote on this proposal.”.
b. Approved under the standard stated in the filing — “As a result, abstentions, if any, will not affect the outcome of the vote on this proposal.”.
c. Approved under the standard stated in the filing — “Consequently, with respect to the "majority of votes cast" standard, abstentions will have no impact on the results, as they are not counted as votes cast.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Douglas MillerIndependent · Audit (Chair) · Compensation | $92,500 | $240,004 | $0 | $0 | $0 | $332,504 |
| Richard NottenburgIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance | 71,000 | 240,004 | 0 | 0 | 0 | 311,004 |
| Chuck HastingsIndependent · Audit · Nominating and Corporate Governance | 56,000 | 240,004 | 0 | 0 | 0 | 296,004 |
| Rachel LeeIndependent · Compensation · Nominating and Corporate Governance | 53,500 | 240,004 | 0 | 0 | 0 | 293,504 |
| Ella BensonIndependent · Nominating and Corporate Governance (Chair) | 52,000 | 240,004 | 0 | 0 | 0 | 292,004 |
| Wes CumminsEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 12,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $325,000 |
| Equity awards (grant-date value) | $1,200,020 |
| All other compensation | $0 |
| Total cost of the board | $1,525,020 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Applied Digital Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Applied Digital Corp..
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | CleanSpark | 2025 | S. Matthew Schultz | $862,917 | $37,098,637 | $0 | $0 | $44,901,507 |
| 2 | TeraWulf | 2025 | Paul Prager | 1,000,372 | 23,151,000 | 0 | 0 | 39,411,005 |
| 3 | Applied Digital Corp. | 2025 | Wes Cummins | 706,251 | 25,462,000 | 0 | 0 | 27,708,092 |
| 4 | Cipher Mining | 2025 | Rodney Tyler Page | 825,000 | 12,479,623 | 0 | 0 | 14,968,623 |
| 5 | Payoneer Global | 2025 | John Caplan | 535,000 | 10,539,925 | 0 | 0 | 11,707,037 |
| 6 | Marqeta | 2025 | Mike Milotich | 556,470 | 8,725,948 | — | 748,845 | 11,049,523 |
| 7 | Verint Systems | 2025 | Dan Bodner | 807,775 | 9,371,528 | 0 | 532,142 | 10,825,132 |
| 8 | Couchbase | 2025 | Matthew Cain | 535,000 | 7,639,000 | 0 | 508,250 | 8,685,250 |
| 9 | Alkami Technology | 2025 | Alex Shootman | 558,480 | 6,222,675 | 0 | 699,775 | 7,492,018 |
| 10 | Fastly | 2025 | Charles Compton | 438,782 | 6,313,831 | 0 | 0 | 6,798,332 |
| 11 | Bit Digital | 2025 | Sam Tabar | 500,000 | 2,865,900 | 0 | 0 | 4,065,900 |
| 12 | Riot Platforms | 2025 | Jason Les | 1,584,337 | 0 | 0 | 1,827,581 | 3,460,222 |
| 13 | Backblaze | 2025 | Gleb Budman | 550,000 | 2,113,504 | 0 | 0 | 2,674,004 |
| 14 | Red Violet | 2025 | Derek Dubner | 505,431 | 1,022,304 | 0 | 0 | 2,118,235 |
| 15 | Digital Ocean Holdings | 2025 | Padmanabhan Srinivasan | 600,000 | 0 | 0 | 588,000 | 1,210,795 |
| 16 | Cantaloupe | 2025 | Ravi Venkatesan | 450,000 | 172,238 | 0 | 0 | 957,707 |
| 17 | Box | 2026 | Aaron Levie | 162,000 | 0 | 0 | 94,912 | 257,076 |
| 18 | Rekor Systems | 2025 | Robert Berman | 1,000 | 0 | 0 | 0 | 1,000 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Applied Digital Corp. | not disclosed | not disclosed | No | Compensia, Inc. |
| Alkami Technology | 125.3% | RSU 100 | not disclosed | FW Cook |
| Backblaze | 68% | RSU 100 | not disclosed | Compensia |
| Bit Digital | not disclosed | RSU 100 | not disclosed | not disclosed |
| Box | 105.5% | RSU 50 · PSU 50 | not disclosed | Compensia |
| Cantaloupe | 71.8% | RSU 100 | not disclosed | Aon Human Capital Solutions (McLagan) |
| Cipher Mining | 200% | RSU 50 · PSU 50 | Yes — Relative TSR vs S&P Americas SmallCap Software & Services Index | Semler Brossy |
| CleanSpark | 647% | RSU 60 · PSU 40 | No | Compensia Inc. |
| Couchbase | 95% | not disclosed | No | Compensia |
| Digital Ocean Holdings | 98% | PSU 65 · RSU 35 | No | Compensia |
| Fastly | 135.4% | PSU 50 · RSU 50 | Yes — Relative Total Shareholder Return (rTSR) | Semler Brossy |
| Marqeta | 116.1% | RSU 70 · PSU 30 | No | Compensia, Inc. |
| Payoneer Global | not disclosed | RSU 75 · PSU 25 | No | Compensia |
| Red Violet | not disclosed | RSU 100 | No | not disclosed |
| Rekor Systems | not disclosed | RSU 100 | not disclosed | not disclosed |
| Riot Platforms | 125% | RSU 50 · PSU 50 | Yes — TSR relative to RUSSELL 3000 Index | Compensia Inc. |
| TeraWulf | not disclosed | not disclosed | No | Lyons, Benenson & Company Inc. |
| Verint Systems | 65% | PSU 60 · RSU 40 | Yes — Relative TSR | Willis Towers Watson |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Wes Cummins | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Summary Compensation Table” · page 20. As printed: 27,708,092. Filing ↗machine: span 356960–356970 |
| 2 | Section 01, Laura Laltrello | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Summary Compensation Table” · page 20. As printed: 9,946,409. Filing ↗machine: span 380215–380224 |
| 3 | Section 01, Saidal Mohmand | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Summary Compensation Table” · page 20. As printed: 9,787,555. Filing ↗machine: span 368582–368591 |
| 4 | Section 03, Wes Cummins RSU | DEF 14A | — | — | Section “Executive Compensation” · grants of plan-based awards table. |
| 5 | Section 03, Saidal Mohmand RSU | DEF 14A | — | — | Section “Executive Compensation” · grants of plan-based awards table. |
| 6 | Section 03, Saidal Mohmand PSU | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: span 409355–409362 |
| 7 | Section 03, Laura Laltrello RSU | DEF 14A | — | — | Section “Executive Compensation” · grants of plan-based awards table. |
| 8 | Section 03, Laura Laltrello PSU | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r14 · c5 · span 469790–469797 |
| 9 | Section 03, Wes Cummins PSU | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t53 · r5 · c5 · span 459413–459422 |
| 10 | Section 07, pay ratio | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 11 | Section 08, Douglas Miller | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 332,504. Filing ↗machine: t72 · r4 · c15 · span 607954–607961 |
| 12 | Section 08, Richard Nottenburg | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 311,004. Filing ↗machine: t72 · r5 · c15 · span 609719–609726 |
| 13 | Section 08, Chuck Hastings | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 296,004. Filing ↗machine: t72 · r2 · c15 · span 604447–604454 |
| 14 | Section 08, Rachel Lee | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 293,504. Filing ↗machine: t72 · r3 · c15 · span 606204–606211 |
| 15 | Section 08, Ella Benson | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 292,004. Filing ↗machine: t72 · r1 · c15 · span 602684–602691 |
| 16 | Section 08, Wes Cummins | DEF 14A | 2025-09-22 | 0001493152-25-014495 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 02, Wes Cummins 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000050 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Saidal Mohmand 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000053 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Wes Cummins 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000050 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Wes Cummins 2025-10-04 | Form 4 | 2025-10-07 | 0001144879-25-000050 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Wes Cummins 2025-10-10 | Form 4 | 2025-10-14 | 0001144879-25-000071 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Wes Cummins 2025-10-10 | Form 4 | 2025-10-14 | 0001144879-25-000071 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Wes Cummins 2025-10-10 | Form 4 | 2025-10-14 | 0001144879-25-000071 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Saidal Mohmand 2025-10-24 | Form 4 | 2025-10-28 | 0001144879-25-000084 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Rachel Lee 2025-10-24 | Form 4 | 2025-10-28 | 0001144879-25-000079 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Saidal Mohmand 2025-10-24 | Form 4 | 2025-10-28 | 0001144879-25-000084 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Richard Nottenburg 2025-10-24 | Form 4 | 2025-10-28 | 0001144879-25-000082 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Ella Benson 2025-10-29 | Form 4 | 2025-10-31 | 0001144879-25-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Chuck Hastings 2025-10-29 | Form 4 | 2025-10-31 | 0001144879-25-000092 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Chuck Hastings 2025-10-29 | Form 4 | 2025-10-31 | 0001144879-25-000092 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Richard Nottenburg 2025-10-30 | Form 4 | 2025-10-31 | 0001144879-25-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Richard Nottenburg 2025-10-30 | Form 4 | 2025-10-31 | 0001144879-25-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, Wes Cummins 2025-10-31 | Form 4 | 2025-11-04 | 0001493152-25-020787 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, Douglas Miller 2025-11-09 | Form 4 | 2025-11-10 | 0001144879-25-000106 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, Rachel Lee 2025-11-09 | Form 4 | 2025-11-10 | 0001144879-25-000101 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 02, Chuck Hastings 2025-11-09 | Form 4 | 2025-11-10 | 0001144879-25-000099 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 42 | Section 02, Richard Nottenburg 2025-11-09 | Form 4 | 2025-11-10 | 0001144879-25-000103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 43 | Section 02, Ella Benson 2025-11-09 | Form 4 | 2025-11-10 | 0001144879-25-000097 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 44 | Section 02, Ella Benson 2025-11-24 | Form 4 | 2025-11-25 | 0001144879-25-000108 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 45 | Section 02, Jason Gechen Zhang 2025-11-25 | Form 4 | 2025-11-28 | 0001144879-25-000111 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 46 | Section 02, Jason Gechen Zhang 2025-11-25 | Form 4 | 2025-11-28 | 0001144879-25-000111 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 47 | Section 02, Douglas Miller 2025-11-28 | Form 4 | 2025-12-02 | 0001144879-25-000113 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 48 | Section 02, Wes Cummins 2026-01-06 | Form 4 | 2026-01-08 | 0001144879-26-000008 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 49 | Section 02, Wes Cummins 2026-01-06 | Form 4 | 2026-01-08 | 0001144879-26-000008 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 50 | Section 02, Laura Laltrello 2026-01-06 | Form 4 | 2026-02-27 | 0001144879-26-000022 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 51 | Section 02, Douglas Miller 2026-01-12 | Form 4 | 2026-01-14 | 0001144879-26-000010 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 52 | Section 02, Richard Nottenburg 2026-01-14 | Form 4 | 2026-01-16 | 0001166816-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 53 | Section 02, Richard Nottenburg 2026-01-14 | Form 4 | 2026-01-16 | 0001166816-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 54 | Section 02, Wes Cummins 2026-01-16 | Form 4 | 2026-01-16 | 0001144879-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 55 | Section 02, Douglas Miller 2026-01-22 | Form 4 | 2026-01-23 | 0001144879-26-000014 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 56 | Section 02, Chuck Hastings 2026-01-29 | Form 4 | 2026-01-30 | 0001144879-26-000016 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 57 | Section 02, Saidal Mohmand 2026-02-06 | Form 4 | 2026-02-09 | 0001144879-26-000018 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 58 | Section 02, Jason Gechen Zhang 2026-02-06 | Form 4 | 2026-02-09 | 0001144879-26-000020 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 59 | Section 02, Jason Gechen Zhang 2026-03-12 | Form 4 | 2026-03-13 | 0001144879-26-000024 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 60 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 61 | Section 02, Wes Cummins 2026-04-04 | Form 4 | 2026-04-07 | 0001391935-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 62 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 63 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 64 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 65 | Section 02, Wes Cummins 2026-04-04 | Form 4 | 2026-04-07 | 0001391935-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 66 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 67 | Section 02, Saidal Mohmand 2026-04-04 | Form 4 | 2026-04-07 | 0001144879-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 68 | Section 02, Wes Cummins 2026-04-04 | Form 4 | 2026-04-07 | 0001391935-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 69 | Section 02, Wes Cummins 2026-04-10 | Form 4 | 2026-04-14 | 0001144879-26-000032 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 70 | Section 02, Wes Cummins 2026-04-10 | Form 4 | 2026-04-14 | 0001144879-26-000032 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 71 | Section 02, Wes Cummins 2026-04-10 | Form 4 | 2026-04-14 | 0001144879-26-000032 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 72 | Section 02, Douglas Miller 2026-04-27 | Form 4 | 2026-04-28 | 0001144879-26-000038 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 73 | Section 02, Richard Nottenburg 2026-04-28 | Form 4 | 2026-04-30 | 0001166816-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 74 | Section 02, Richard Nottenburg 2026-04-28 | Form 4 | 2026-04-30 | 0001166816-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 75 | Section 02, Saidal Mohmand 2026-06-22 | Form 4 | 2026-06-24 | 0001628280-26-045212 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 76 | Section 02, Wes Cummins 2026-06-22 | Form 4 | 2026-06-24 | 0001628280-26-045215 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 77 | Section 02, Saidal Mohmand 2026-06-22 | Form 4 | 2026-06-24 | 0001628280-26-045212 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 78 | Section 02, Wes Cummins 2026-06-22 | Form 4 | 2026-06-24 | 0001628280-26-045215 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 79 | Section 02, Jason Gechen Zhang 2026-07-01 | Form 4 | 2026-07-02 | 0001144879-26-000040 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 80 | Section 02, Jason Gechen Zhang 2026-07-01 | Form 4 | 2026-07-02 | 0001144879-26-000040 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 81 | Section 02, Jason Gechen Zhang 2026-07-01 | Form 4 | 2026-07-02 | 0001144879-26-000040 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 82 | Section 02, Jason Gechen Zhang 2026-07-01 | Form 4 | 2026-07-02 | 0001144879-26-000040 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 83 | Section 02, Laura Laltrello 2026-07-06 | Form 4 | 2026-07-07 | 0001628280-26-047508 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 84 | Section 06, 2025 vote | Form 8-K | 2025-11-06 | 0001144879-25-000095 | Item 5.07 · say-on-pay result. As reported: 52.63% (votes for as printed: 63,373,101). Filing ↗ |
| 85 | Section 06, 2024 vote | Form 8-K | 2024-11-21 | 0001493152-24-047084 | Item 5.07 · say-on-pay result. As reported: 97.35% (votes for as printed: 122,304,079). Filing ↗ |
| 86 | Section 06, 2023 vote | Form 8-K | 2023-11-13 | 0001144879-23-000233 | Item 5.07 · say-on-pay result. As reported: 87.45% (votes for as printed: 55,041,649). Filing ↗ |
| 87 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 88 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 89 | Section 09b board cost (computed) | Computed | — | computed | Cash 325,000 + equity 1,200,020 + all other 0 = 1,525,020, summed across the director compensation table rows.machine: formula: Σ = 1,525,020 |
| 90 | CleanSpark, Section 10b CEO total | DEF 14A | 2026-01-22 | 0001193125-26-019447 | CEO total compensation as printed in CleanSpark's own proxy. As printed: 44,901,507. Filing ↗machine: t84 · r3 · c13 · span 1267847–1267857 |
| 91 | TeraWulf, Section 10b CEO total | DEF 14A | 2026-04-28 | 0001083301-26-000077 | CEO total compensation as printed in TeraWulf's own proxy. As printed: 39,411,005. Filing ↗machine: r2 · c36 · span 326156–326166 |
| 92 | Applied Digital Corp. (subject), Section 10b CEO total | DEF 14A | 2025-09-22 | 0001493152-25-014495 | CEO total compensation as printed in Applied Digital Corp.'s own proxy. As printed: 27,708,092. Filing ↗machine: span 356960–356970 |
| 93 | Cipher Mining, Section 10b CEO total | DEF 14A | 2026-04-20 | 0001819989-26-000016 | CEO total compensation as printed in Cipher Mining's own proxy. As printed: 14,968,623. Filing ↗machine: r3 · c36 · span 547754–547764 |
| 94 | Payoneer Global, Section 10b CEO total | DEF 14A | 2026-04-27 | 0001104659-26-049462 | CEO total compensation as printed in Payoneer Global's own proxy. As printed: 11,707,037. Filing ↗machine: t49 · r2 · c49 · span 591288–591298 |
| 95 | Marqeta, Section 10b CEO total | DEF 14A | 2026-04-21 | 0001522540-26-000030 | CEO total compensation as printed in Marqeta's own proxy. As printed: 11,049,523. Filing ↗machine: r2 · c24 · span 709162–709172 |
| 96 | Verint Systems, Section 10b CEO total | DEF 14A | 2025-05-08 | 0001166388-25-000085 | CEO total compensation as printed in Verint Systems's own proxy. As printed: 10,825,132. Filing ↗machine: t40 · r3 · c16 · span 735065–735075 |
| 97 | Couchbase, Section 10b CEO total | DEF 14A | 2025-04-16 | 0001845022-25-000036 | CEO total compensation as printed in Couchbase's own proxy. As printed: 8,685,250. Filing ↗machine: r3 · c33 · span 627097–627106 |
| 98 | Alkami Technology, Section 10b CEO total | DEF 14A | 2026-04-07 | 0001529274-26-000023 | CEO total compensation as printed in Alkami Technology's own proxy. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164 |
| 99 | Fastly, Section 10b CEO total | DEF 14A | 2026-04-22 | 0001140361-26-016095 | CEO total compensation as printed in Fastly's own proxy. As printed: 6,798,332. Filing ↗machine: r2 · c25 · span 929622–929631 |
| 100 | Bit Digital, Section 10b CEO total | DEF 14A | 2026-06-08 | 0001213900-26-066338 | CEO total compensation as printed in Bit Digital's own proxy. As printed: 4,065,900. Filing ↗machine: t49 · r2 · c33 · span 210913–210922 |
| 101 | Riot Platforms, Section 10b CEO total | DEF 14A | 2026-04-30 | 0001104659-26-053098 | CEO total compensation as printed in Riot Platforms's own proxy. As printed: 3,460,222. Filing ↗machine: t177 · span 1400543–1400552 |
| 102 | Backblaze, Section 10b CEO total | DEF 14A | 2026-04-15 | 0001140361-26-014778 | CEO total compensation as printed in Backblaze's own proxy. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644 |
| 103 | Red Violet, Section 10b CEO total | DEF 14A | 2026-04-21 | 0001193125-26-167043 | CEO total compensation as printed in Red Violet's own proxy. As printed: 2,118,235. Filing ↗machine: span 290303–290312 |
| 104 | Digital Ocean Holdings, Section 10b CEO total | DEF 14A | 2026-04-24 | 0001582961-26-000029 | CEO total compensation as printed in Digital Ocean Holdings's own proxy. As printed: 1,210,795. Filing ↗machine: r2 · c42 · span 468499–468508 |
| 105 | Cantaloupe, Section 10b CEO total | DEF 14A | 2025-10-10 | 0001628280-25-044777 | CEO total compensation as printed in Cantaloupe's own proxy. As printed: 957,707. Filing ↗machine: span 849423–849430 |
| 106 | Box, Section 10b CEO total | DEF 14A | 2026-05-13 | 0001140361-26-021041 | CEO total compensation as printed in Box's own proxy. As printed: 257,076. Filing ↗machine: t245 · r2 · c22 · span 1212030–1212037 |
| 107 | Rekor Systems, Section 10b CEO total | DEF 14A | 2026-04-01 | 0001140361-26-012759 | CEO total compensation as printed in Rekor Systems's own proxy. As printed: 1,000. Filing ↗ |
| 108 | Section 10a, Cantaloupe reciprocity | DEF 14A | — | 0001628280-25-044777 | Cantaloupe's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 109 | Section 10a, Payoneer Global reciprocity | DEF 14A | — | 0001104659-26-049462 | Payoneer Global's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 110 | Section 10a, TeraWulf reciprocity | DEF 14A | — | 0001083301-26-000077 | TeraWulf names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 111 | Section 10a, Box reciprocity | DEF 14A | — | 0001140361-26-021041 | Box's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 112 | Section 10a, Cipher Mining reciprocity | DEF 14A | — | 0001819989-26-000016 | Cipher Mining names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 113 | Section 10a, Riot Platforms reciprocity | DEF 14A | — | 0001104659-26-053098 | Riot Platforms names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 114 | Section 10a, Verint Systems reciprocity | DEF 14A | — | 0001166388-25-000085 | Verint Systems's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 115 | Section 10a, Alkami Technology reciprocity | DEF 14A | — | 0001529274-26-000023 | Alkami Technology's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 116 | Section 10a, Marqeta reciprocity | DEF 14A | — | 0001522540-26-000030 | Marqeta's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 117 | Section 10a, CleanSpark reciprocity | DEF 14A | — | 0001193125-26-019447 | CleanSpark names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 118 | Section 10a, Couchbase reciprocity | DEF 14A | — | 0001845022-25-000036 | Couchbase's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |
| 119 | Section 10a, Fastly reciprocity | DEF 14A | — | 0001140361-26-016095 | Fastly's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗ |