Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-07

Applied Digital Corp. (APLD)

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.

$27,708,092
Wes Cummins total, FY2025
89th
CEO pay percentile vs peers
CEO-to-median pay ratio
52.63%
Say-on-pay support, latest vote
Companies that benchmark against APLD
7 companies name APLD as a compensation peer

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.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Laltrello222,917176,0009,534,00013,4939,946,409
Chief Operating Officer
Saidal Mohmand369,792445,3138,932,70039,7519,787,555
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Wes Cummins$27,708,092$1,237,002$5,954,578+26,471,090
Laura Laltrello9,946,4099,946,409+0
Saidal Mohmand9,787,5559,787,555+0

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Wes CumminsDirector2025-10-04D39,350$27$1,043,956CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04A81,667CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04D32,13627852,568CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04A12,500CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04D4,91927130,501CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04D81,66700Derivative, Class A CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-04D12,50000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2025-10-04A100,000CommonForm 4 ↗
Wes CumminsDirector2025-10-04D100,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2025-10-10D200,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2025-10-10A200,000CommonForm 4 ↗
Wes CumminsDirector2025-10-10D78,700342,675,013CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-24D100,000343,408,000CommonForm 4 ↗
Rachel LeeDirector2025-10-24D24,21333803,872CommonForm 4 ↗
Saidal MohmandChief Financial Officer2025-10-24D37,503361,367,734CommonForm 4 ↗
Richard NottenburgDirector2025-10-24D34,375331,142,281CommonForm 4 ↗
Ella BensonDirector2025-10-29D42,569351,502,686CommonForm 4 ↗
Chuck HastingsDirector2025-10-29D25,00034856,750CommonForm 4 ↗
Chuck HastingsDirector2025-10-29D50,000361,784,500CommonForm 4 ↗
Richard NottenburgDirector2025-10-30D9,37536336,656CommonForm 4 ↗
Richard NottenburgDirector2025-10-30D5,00035174,000CommonForm 4 ↗
Wes CumminsDirector2025-10-31D903,970CommonForm 4 ↗
Douglas MillerDirector2025-11-09A7,74700CommonForm 4 ↗
Rachel LeeDirector2025-11-09A7,74700CommonForm 4 ↗
Chuck HastingsDirector2025-11-09A7,74700CommonForm 4 ↗
Richard NottenburgDirector2025-11-09A7,74700CommonForm 4 ↗
Ella BensonDirector2025-11-09A7,74700CommonForm 4 ↗
Ella BensonDirector2025-11-24D8,58123199,251CommonForm 4 ↗
Jason Gechen ZhangChief Strategy Officer2025-11-25D60,881251,518,372CommonForm 4 ↗
Jason Gechen ZhangChief Strategy Officer2025-11-25A170,00000CommonForm 4 ↗
Douglas MillerDirector2025-11-28D8,00027215,840CommonForm 4 ↗
Wes CumminsDirector2026-01-06A4,500,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2026-01-06A1,500,00000RSUForm 4 ↗
Laura LaltrelloChief Operating Officer2026-01-06D82,764302,505,266CommonForm 4 ↗
Douglas MillerDirector2026-01-12D10,00039385,400CommonForm 4 ↗
Richard NottenburgDirector2026-01-14D12,00035425,400CommonForm 4 ↗
Richard NottenburgDirector2026-01-14D11,60635409,460CommonForm 4 ↗
Wes CumminsDirector2026-01-16D165,000366,009,300RSUForm 4 ↗
Douglas MillerDirector2026-01-22D6,00000CommonForm 4 ↗
Chuck HastingsDirector2026-01-29D45,987391,773,719CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-02-06A250,00000CommonForm 4 ↗
Jason Gechen ZhangPresident2026-02-06A500,00000CommonForm 4 ↗
Jason Gechen ZhangPresident2026-03-12D93,037272,556,657CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04D12,50000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2026-04-04A100,000RSUForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04D81,66700Derivative, Class A CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04D4,19425103,005CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04A12,500CommonForm 4 ↗
Wes CumminsDirector2026-04-04D34,57925849,260RSUForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04A81,667CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-04-04D32,13625789,260CommonForm 4 ↗
Wes CumminsDirector2026-04-04D100,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2026-04-10D100,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2026-04-10D39,350261,033,331CommonForm 4 ↗
Wes CumminsDirector2026-04-10A100,000CommonForm 4 ↗
Douglas MillerDirector2026-04-27D10,00035349,800CommonForm 4 ↗
Richard NottenburgDirector2026-04-28D12,50032400,000CommonForm 4 ↗
Richard NottenburgDirector2026-04-28D12,50035432,375CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-06-22D192,815458,715,238CommonForm 4 ↗
Wes CumminsDirector2026-06-22D314,8004514,228,960CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-06-22A490,000CommonForm 4 ↗
Wes CumminsDirector2026-06-22A800,000CommonForm 4 ↗
Jason Gechen ZhangPresident2026-07-01A300,000CommonForm 4 ↗
Jason Gechen ZhangPresident2026-07-01A375,000CommonForm 4 ↗
Jason Gechen ZhangPresident2026-07-01D147,563365,241,438CommonForm 4 ↗
Jason Gechen ZhangPresident2026-07-01D118,050364,193,136CommonForm 4 ↗
Laura LaltrelloChief Operating Officer2026-07-06D43,440341,455,240CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Wes CumminsRSU2024-10-10600,000$4,134,000
Saidal MohmandRSU2024-10-17408,3343,246,255
Saidal MohmandPSU2024-11-15490,000
Laura LaltrelloRSU2025-01-06600,0005,874,000
Laura LaltrelloPSU2025-03-27600,000
Wes CumminsPSU2024-11-151,600,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Wes Cummins$4,134,000$0$00.0%
Saidal Mohmand3,246,255000.0%
Laura Laltrello5,874,000000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Wes CumminsRSU83,334$569,171
Saidal MohmandRSU408,3342,788,921
Wes CumminsRSU1,600,00010,928,000
Wes CumminsRSU600,0004,098,000
Laura LaltrelloRSU600,0004,098,000
Saidal MohmandRSU490,0003,346,700
Wes CumminsRSU200,0001,366,000
Saidal MohmandRSU41,668284,592
Saidal MohmandRSU25,000170,750
Saidal MohmandRSU245,0001,673,350
05

Incentive-plan design — the Compensation Discussion & Analysis

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 consultantCompensia, Inc.
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-0563,373,10157,050,059551,59452.63%Passed
20242024-11-20122,304,0793,330,988290,26497.35%Passed
20232023-11-0955,041,6497,898,5111,118,36787.45%Passed
20222022-11-1048,396,674656,735386,30198.66%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-11-0552.63%a
20242024-11-2097.35%b
20232023-11-0987.45%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.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Douglas MillerIndependent · Audit (Chair) · Compensation$92,500$240,004$0$0$0$332,504
Richard NottenburgIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance71,000240,004000311,004
Chuck HastingsIndependent · Audit · Nominating and Corporate Governance56,000240,004000296,004
Rachel LeeIndependent · Compensation · Nominating and Corporate Governance53,500240,004000293,504
Ella BensonIndependent · Nominating and Corporate Governance (Chair)52,000240,004000292,004
Wes CumminsEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

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
09b

Total cost of the board

ComponentFY2025
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.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

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..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1CleanSpark2025S. Matthew Schultz$862,917$37,098,637$0$0$44,901,507
2TeraWulf2025Paul Prager1,000,37223,151,0000039,411,005
3Applied Digital Corp.2025Wes Cummins706,25125,462,0000027,708,092
4Cipher Mining2025Rodney Tyler Page825,00012,479,6230014,968,623
5Payoneer Global2025John Caplan535,00010,539,9250011,707,037
6Marqeta2025Mike Milotich556,4708,725,948748,84511,049,523
7Verint Systems2025Dan Bodner807,7759,371,5280532,14210,825,132
8Couchbase2025Matthew Cain535,0007,639,0000508,2508,685,250
9Alkami Technology2025Alex Shootman558,4806,222,6750699,7757,492,018
10Fastly2025Charles Compton438,7826,313,831006,798,332
11Bit Digital2025Sam Tabar500,0002,865,900004,065,900
12Riot Platforms2025Jason Les1,584,337001,827,5813,460,222
13Backblaze2025Gleb Budman550,0002,113,504002,674,004
14Red Violet2025Derek Dubner505,4311,022,304002,118,235
15Digital Ocean Holdings2025Padmanabhan Srinivasan600,00000588,0001,210,795
16Cantaloupe2025Ravi Venkatesan450,000172,23800957,707
17Box2026Aaron Levie162,0000094,912257,076
18Rekor Systems2025Robert Berman1,0000001,000

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Applied Digital Corp.not disclosednot disclosedNoCompensia, Inc.
Alkami Technology125.3%RSU 100not disclosedFW Cook
Backblaze68%RSU 100not disclosedCompensia
Bit Digitalnot disclosedRSU 100not disclosednot disclosed
Box105.5%RSU 50 · PSU 50not disclosedCompensia
Cantaloupe71.8%RSU 100not disclosedAon Human Capital Solutions (McLagan)
Cipher Mining200%RSU 50 · PSU 50Yes — Relative TSR vs S&P Americas SmallCap Software & Services IndexSemler Brossy
CleanSpark647%RSU 60 · PSU 40NoCompensia Inc.
Couchbase95%not disclosedNoCompensia
Digital Ocean Holdings98%PSU 65 · RSU 35NoCompensia
Fastly135.4%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Semler Brossy
Marqeta116.1%RSU 70 · PSU 30NoCompensia, Inc.
Payoneer Globalnot disclosedRSU 75 · PSU 25NoCompensia
Red Violetnot disclosedRSU 100Nonot disclosed
Rekor Systemsnot disclosedRSU 100not disclosednot disclosed
Riot Platforms125%RSU 50 · PSU 50Yes — TSR relative to RUSSELL 3000 IndexCompensia Inc.
TeraWulfnot disclosednot disclosedNoLyons, Benenson & Company Inc.
Verint Systems65%PSU 60 · RSU 40Yes — Relative TSRWillis 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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Applied Digital Corp. in fiscal 2025?
As disclosed, the highest-paid executive was Wes Cummins, Chief Executive Officer and Chairman of the Board, with total compensation of $27,708,092.
How does Applied Digital Corp.'s chief executive pay compare to its disclosed peer group?
The filing shows Wes Cummins' pay placed him in the 89th percentile of the disclosed peer group.
What is Applied Digital Corp.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Applied Digital Corp.'s executive compensation?
Shareholders voted 52.63% in support of the executive compensation plan at the latest Say on Pay vote.
How much does Applied Digital Corp. spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 was $1,525,020.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Wes CumminsDEF 14A2025-09-220001493152-25-014495Section “Summary Compensation Table” · page 20. As printed: 27,708,092. Filing ↗machine: span 356960–356970
2Section 01, Laura LaltrelloDEF 14A2025-09-220001493152-25-014495Section “Summary Compensation Table” · page 20. As printed: 9,946,409. Filing ↗machine: span 380215–380224
3Section 01, Saidal MohmandDEF 14A2025-09-220001493152-25-014495Section “Summary Compensation Table” · page 20. As printed: 9,787,555. Filing ↗machine: span 368582–368591
4Section 03, Wes Cummins RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
5Section 03, Saidal Mohmand RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
6Section 03, Saidal Mohmand PSUDEF 14A2025-09-220001493152-25-014495Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: span 409355–409362
7Section 03, Laura Laltrello RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
8Section 03, Laura Laltrello PSUDEF 14A2025-09-220001493152-25-014495Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r14 · c5 · span 469790–469797
9Section 03, Wes Cummins PSUDEF 14A2025-09-220001493152-25-014495Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t53 · r5 · c5 · span 459413–459422
10Section 07, pay ratioDEF 14A2025-09-220001493152-25-014495Section “CEO Pay Ratio”. As printed: —. Filing ↗
11Section 08, Douglas MillerDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 332,504. Filing ↗machine: t72 · r4 · c15 · span 607954–607961
12Section 08, Richard NottenburgDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 311,004. Filing ↗machine: t72 · r5 · c15 · span 609719–609726
13Section 08, Chuck HastingsDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 296,004. Filing ↗machine: t72 · r2 · c15 · span 604447–604454
14Section 08, Rachel LeeDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 293,504. Filing ↗machine: t72 · r3 · c15 · span 606204–606211
15Section 08, Ella BensonDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 292,004. Filing ↗machine: t72 · r1 · c15 · span 602684–602691
16Section 08, Wes CumminsDEF 14A2025-09-220001493152-25-014495Section “Director Compensation”. As printed: 0. Filing ↗
17Section 02, Wes Cummins 2025-10-04Form 42025-10-070001144879-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Saidal Mohmand 2025-10-04Form 42025-10-070001144879-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Wes Cummins 2025-10-04Form 42025-10-070001144879-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Wes Cummins 2025-10-04Form 42025-10-070001144879-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Wes Cummins 2025-10-10Form 42025-10-140001144879-25-000071Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Wes Cummins 2025-10-10Form 42025-10-140001144879-25-000071Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Wes Cummins 2025-10-10Form 42025-10-140001144879-25-000071Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Saidal Mohmand 2025-10-24Form 42025-10-280001144879-25-000084Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Rachel Lee 2025-10-24Form 42025-10-280001144879-25-000079Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Saidal Mohmand 2025-10-24Form 42025-10-280001144879-25-000084Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Richard Nottenburg 2025-10-24Form 42025-10-280001144879-25-000082Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Ella Benson 2025-10-29Form 42025-10-310001144879-25-000089Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Chuck Hastings 2025-10-29Form 42025-10-310001144879-25-000092Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Chuck Hastings 2025-10-29Form 42025-10-310001144879-25-000092Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Richard Nottenburg 2025-10-30Form 42025-10-310001144879-25-000086Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Richard Nottenburg 2025-10-30Form 42025-10-310001144879-25-000086Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Wes Cummins 2025-10-31Form 42025-11-040001493152-25-020787Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Douglas Miller 2025-11-09Form 42025-11-100001144879-25-000106Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Rachel Lee 2025-11-09Form 42025-11-100001144879-25-000101Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Chuck Hastings 2025-11-09Form 42025-11-100001144879-25-000099Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Richard Nottenburg 2025-11-09Form 42025-11-100001144879-25-000103Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Ella Benson 2025-11-09Form 42025-11-100001144879-25-000097Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Ella Benson 2025-11-24Form 42025-11-250001144879-25-000108Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Jason Gechen Zhang 2025-11-25Form 42025-11-280001144879-25-000111Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Jason Gechen Zhang 2025-11-25Form 42025-11-280001144879-25-000111Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Douglas Miller 2025-11-28Form 42025-12-020001144879-25-000113Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Wes Cummins 2026-01-06Form 42026-01-080001144879-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Wes Cummins 2026-01-06Form 42026-01-080001144879-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Laura Laltrello 2026-01-06Form 42026-02-270001144879-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Douglas Miller 2026-01-12Form 42026-01-140001144879-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Richard Nottenburg 2026-01-14Form 42026-01-160001166816-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Richard Nottenburg 2026-01-14Form 42026-01-160001166816-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Wes Cummins 2026-01-16Form 42026-01-160001144879-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Douglas Miller 2026-01-22Form 42026-01-230001144879-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Chuck Hastings 2026-01-29Form 42026-01-300001144879-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Saidal Mohmand 2026-02-06Form 42026-02-090001144879-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Jason Gechen Zhang 2026-02-06Form 42026-02-090001144879-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Jason Gechen Zhang 2026-03-12Form 42026-03-130001144879-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Wes Cummins 2026-04-04Form 42026-04-070001391935-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Wes Cummins 2026-04-04Form 42026-04-070001391935-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Saidal Mohmand 2026-04-04Form 42026-04-070001144879-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Wes Cummins 2026-04-04Form 42026-04-070001391935-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Wes Cummins 2026-04-10Form 42026-04-140001144879-26-000032Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Wes Cummins 2026-04-10Form 42026-04-140001144879-26-000032Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Wes Cummins 2026-04-10Form 42026-04-140001144879-26-000032Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Douglas Miller 2026-04-27Form 42026-04-280001144879-26-000038Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Richard Nottenburg 2026-04-28Form 42026-04-300001166816-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Richard Nottenburg 2026-04-28Form 42026-04-300001166816-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Saidal Mohmand 2026-06-22Form 42026-06-240001628280-26-045212Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Wes Cummins 2026-06-22Form 42026-06-240001628280-26-045215Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Saidal Mohmand 2026-06-22Form 42026-06-240001628280-26-045212Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Wes Cummins 2026-06-22Form 42026-06-240001628280-26-045215Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Jason Gechen Zhang 2026-07-01Form 42026-07-020001144879-26-000040Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Jason Gechen Zhang 2026-07-01Form 42026-07-020001144879-26-000040Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Jason Gechen Zhang 2026-07-01Form 42026-07-020001144879-26-000040Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Jason Gechen Zhang 2026-07-01Form 42026-07-020001144879-26-000040Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Laura Laltrello 2026-07-06Form 42026-07-070001628280-26-047508Insider equity transaction reported since the proxy statement. Filing ↗
84Section 06, 2025 voteForm 8-K2025-11-060001144879-25-000095Item 5.07 · say-on-pay result. As reported: 52.63% (votes for as printed: 63,373,101). Filing ↗
85Section 06, 2024 voteForm 8-K2024-11-210001493152-24-047084Item 5.07 · say-on-pay result. As reported: 97.35% (votes for as printed: 122,304,079). Filing ↗
86Section 06, 2023 voteForm 8-K2023-11-130001144879-23-000233Item 5.07 · say-on-pay result. As reported: 87.45% (votes for as printed: 55,041,649). Filing ↗
87Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
88Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
89Section 09b board cost (computed)ComputedcomputedCash 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
90CleanSpark, Section 10b CEO totalDEF 14A2026-01-220001193125-26-019447CEO total compensation as printed in CleanSpark's own proxy. As printed: 44,901,507. Filing ↗machine: t84 · r3 · c13 · span 1267847–1267857
91TeraWulf, Section 10b CEO totalDEF 14A2026-04-280001083301-26-000077CEO total compensation as printed in TeraWulf's own proxy. As printed: 39,411,005. Filing ↗machine: r2 · c36 · span 326156–326166
92Applied Digital Corp. (subject), Section 10b CEO totalDEF 14A2025-09-220001493152-25-014495CEO total compensation as printed in Applied Digital Corp.'s own proxy. As printed: 27,708,092. Filing ↗machine: span 356960–356970
93Cipher Mining, Section 10b CEO totalDEF 14A2026-04-200001819989-26-000016CEO total compensation as printed in Cipher Mining's own proxy. As printed: 14,968,623. Filing ↗machine: r3 · c36 · span 547754–547764
94Payoneer Global, Section 10b CEO totalDEF 14A2026-04-270001104659-26-049462CEO total compensation as printed in Payoneer Global's own proxy. As printed: 11,707,037. Filing ↗machine: t49 · r2 · c49 · span 591288–591298
95Marqeta, Section 10b CEO totalDEF 14A2026-04-210001522540-26-000030CEO total compensation as printed in Marqeta's own proxy. As printed: 11,049,523. Filing ↗machine: r2 · c24 · span 709162–709172
96Verint Systems, Section 10b CEO totalDEF 14A2025-05-080001166388-25-000085CEO total compensation as printed in Verint Systems's own proxy. As printed: 10,825,132. Filing ↗machine: t40 · r3 · c16 · span 735065–735075
97Couchbase, Section 10b CEO totalDEF 14A2025-04-160001845022-25-000036CEO total compensation as printed in Couchbase's own proxy. As printed: 8,685,250. Filing ↗machine: r3 · c33 · span 627097–627106
98Alkami Technology, Section 10b CEO totalDEF 14A2026-04-070001529274-26-000023CEO total compensation as printed in Alkami Technology's own proxy. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164
99Fastly, Section 10b CEO totalDEF 14A2026-04-220001140361-26-016095CEO total compensation as printed in Fastly's own proxy. As printed: 6,798,332. Filing ↗machine: r2 · c25 · span 929622–929631
100Bit Digital, Section 10b CEO totalDEF 14A2026-06-080001213900-26-066338CEO total compensation as printed in Bit Digital's own proxy. As printed: 4,065,900. Filing ↗machine: t49 · r2 · c33 · span 210913–210922
101Riot Platforms, Section 10b CEO totalDEF 14A2026-04-300001104659-26-053098CEO total compensation as printed in Riot Platforms's own proxy. As printed: 3,460,222. Filing ↗machine: t177 · span 1400543–1400552
102Backblaze, Section 10b CEO totalDEF 14A2026-04-150001140361-26-014778CEO total compensation as printed in Backblaze's own proxy. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644
103Red Violet, Section 10b CEO totalDEF 14A2026-04-210001193125-26-167043CEO total compensation as printed in Red Violet's own proxy. As printed: 2,118,235. Filing ↗machine: span 290303–290312
104Digital Ocean Holdings, Section 10b CEO totalDEF 14A2026-04-240001582961-26-000029CEO total compensation as printed in Digital Ocean Holdings's own proxy. As printed: 1,210,795. Filing ↗machine: r2 · c42 · span 468499–468508
105Cantaloupe, Section 10b CEO totalDEF 14A2025-10-100001628280-25-044777CEO total compensation as printed in Cantaloupe's own proxy. As printed: 957,707. Filing ↗machine: span 849423–849430
106Box, Section 10b CEO totalDEF 14A2026-05-130001140361-26-021041CEO total compensation as printed in Box's own proxy. As printed: 257,076. Filing ↗machine: t245 · r2 · c22 · span 1212030–1212037
107Rekor Systems, Section 10b CEO totalDEF 14A2026-04-010001140361-26-012759CEO total compensation as printed in Rekor Systems's own proxy. As printed: 1,000. Filing ↗
108Section 10a, Cantaloupe reciprocityDEF 14A0001628280-25-044777Cantaloupe's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
109Section 10a, Payoneer Global reciprocityDEF 14A0001104659-26-049462Payoneer Global's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
110Section 10a, TeraWulf reciprocityDEF 14A0001083301-26-000077TeraWulf names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
111Section 10a, Box reciprocityDEF 14A0001140361-26-021041Box's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
112Section 10a, Cipher Mining reciprocityDEF 14A0001819989-26-000016Cipher Mining names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, Riot Platforms reciprocityDEF 14A0001104659-26-053098Riot Platforms names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
114Section 10a, Verint Systems reciprocityDEF 14A0001166388-25-000085Verint Systems's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
115Section 10a, Alkami Technology reciprocityDEF 14A0001529274-26-000023Alkami Technology's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
116Section 10a, Marqeta reciprocityDEF 14A0001522540-26-000030Marqeta's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
117Section 10a, CleanSpark reciprocityDEF 14A0001193125-26-019447CleanSpark names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
118Section 10a, Couchbase reciprocityDEF 14A0001845022-25-000036Couchbase's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
119Section 10a, Fastly reciprocityDEF 14A0001140361-26-016095Fastly's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗