Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-10-15

Applied Digital Corp. (APLD)

CEO Wes Cummins was paid $189,217,520 in fiscal year 2026, ↑ up 582.9% from fiscal year 2025, the 99th percentile of its disclosed peer group (SEC filing 0001493152-26-044325 ↗): 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.

$189,217,520 ↑
Wes Cummins total, FY2026
99th
CEO pay percentile vs peers
828:1
CEO-to-median pay ratio
52.63%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Wes Cummins (Chief Executive Officer and Chairman), FY2026 total compensation $189,217,520 (base salary $875,000) [exec_comp, SEC accession 0001493152-26-044325, filed 2026-09-25]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

APLD's next annual pay disclosure, estimated September 28, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Wes Cummins$875,000$1,200,000$185,900,249$0$0$0$1,242,271$189,217,520
Chief Executive Officer and Chairman
Jason Zhang688,279099,325,99700021,069100,035,346
President and Co-Founder and Former Co-Founder and Chief Strategy Officer
Saidal Mohmand525,0001,106,31338,635,052000214,54140,480,906
Chief Financial Officer
Laura Laltrello527,083215,8001,842,52600048,8022,634,211
Chief Operating 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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Wes Cummins$189,217,520$27,708,092$1,237,002↑ +161,509,428
Jason Zhang100,035,346———
Saidal Mohmand40,480,9069,787,5559,787,555↑ +30,693,351
Laura Laltrello2,634,2119,946,409—↓ −7,312,198

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

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$189,217,520 Wes Cummins total, FY2026

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Data as of October 15, 2026 · Source: 0001493152-26-044325 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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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.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Chuck HastingsIndependent Director—
Douglas MillerIndependent Director$332,502
Ella BensonIndependent Director$292,002
Kate ReedFormer director (through FY2025)—
Rachel LeeIndependent Director$293,502
Richard NottenburgIndependent Director$311,002
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Saidal MohmandChief Financial Officer2026-10-04D81,666$0$0Derivative, Class A CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-10-04D32,13625815,612CommonForm 4 ↗
Saidal MohmandChief Financial Officer2026-10-04A81,666——CommonForm 4 ↗
Wes CumminsDirector2026-10-10D100,00000Derivative, Class A CommonForm 4 ↗
Wes CumminsDirector2026-10-10D39,35024931,808CommonForm 4 ↗
Wes CumminsDirector2026-10-10A100,000——CommonForm 4 ↗
Richard NottenburgDirector2026-10-13D31,25022682,500CommonForm 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 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Saidal MohmandRSU2026-04-09——712,776—$3,685,052
Jason ZhangRSU2026-02-06——500,000—17,475,000
Wes CumminsRSU2026-04-09——3,563,878—18,425,249
Wes CumminsRSU2026-01-06——1,500,000—45,390,000
Wes CumminsPSU2026-01-061,500,0004,500,000——122,085,000
Saidal MohmandRSU2026-02-06——250,000—8,737,500
Saidal MohmandPSU2026-02-06375,000750,000——26,212,500
Laura LaltrelloRSU2026-04-09——356,388—1,842,526
Jason ZhangRSU2026-04-09——2,851,102—14,740,197
Jason ZhangRSU2025-08-08——750,000—10,650,000
Jason ZhangRSU2025-11-25——170,000—4,035,800
Jason ZhangPSU2026-02-06375,0001,500,000——52,425,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Saidal Mohmand$12,422,552$26,212,500$067.8%
Jason Zhang46,900,99752,425,000052.8%
Wes Cummins63,815,249122,085,000065.7%
Laura Laltrello1,842,526000.0%

% 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 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Wes CumminsRSU300,000—$14,184,000
Wes CumminsRSU4,500,000—212,760,000
Wes CumminsRSU1,600,000—75,648,000
Wes CumminsRSU1,500,000—70,920,000
Saidal MohmandRSU750,000—35,460,000
Laura LaltrelloRSU600,000—28,368,000
Saidal MohmandRSU490,000—23,167,200
Laura LaltrelloRSU400,000—18,912,000
Saidal MohmandRSU250,000—11,820,000
Saidal MohmandRSU245,000—11,583,600
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract, motivate, and retain high-caliber executives by aligning pay with performance and long-term stockholder value creation. It emphasizes variable, 'at-risk' pay opportunities tied to Company performance and individual achievements, utilizing a five-year performance and vesting horizon to match the Company's business cycle and incentivize revenue stabilization.

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)828 : 1
CEO total compensation—
Median employee compensation$228,491
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Douglas MillerIndependent · Lead Independent Director · Compensation Committee · Base Electron Related Party Transactions Committee$92,500$240,002——$0$332,502
Richard NottenburgIndependent · Audit Committee · Nominating and Corporate Governance Committee71,000240,002——0311,002
Rachel LeeIndependent · Compensation Committee · Nominating and Corporate Governance Committee · ChronoScale Related Party Transactions Committee53,500240,002——0293,502
Ella BensonIndependent · Nominating and Corporate Governance (Chair)52,000240,002——0292,002
Wes CumminsEmployee director · Board Chair—————0
Chuck HastingsIndependent · Audit Committee · Nominating and Corporate Governance Committee————0—
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$240,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 12,000
Stock ownership guideline$200,000
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$269,000
Equity awards (grant-date value)$960,008
All other compensation$0
Total cost of the board$1,229,008

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2026

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
1Applied Digital Corp.2026Wes Cummins$875,000$185,900,249$0$0$189,217,520
2CleanSpark2025S. Matthew Schultz862,91737,098,6370044,901,507
3TeraWulf2025Paul Prager1,000,37223,151,0000039,411,005
4Platforms2025Mark Zuckerberg100025,125,904
5Global2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
6Cipher2025Rodney Tyler Page825,00012,479,6230014,968,623
7Payoneer2025John Caplan535,00010,539,9250011,707,037
8Marqeta2025Mike Milotich556,4708,725,948—748,84511,049,523
9Couchbase2025Matthew Cain535,0007,639,0000508,2508,685,250
10Alkami2025Alex Shootman558,4806,222,6750699,7757,492,018
11Mining2025Mitchell Krebs850,0004,223,33601,413,1256,646,601
12DigitalOcean2025Padmanabhan Srinivasan600,00000588,0001,210,795
13Rigetti2025Subodh Kulkarni635,748000636,222

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.200%PSU 75 · RSU 25NoCompensia Inc.
Alkami125.3%RSU 100not disclosedFW Cook
Cipher200%RSU 50 · PSU 50Yes — Relative TSR vs S&P Americas SmallCap Software & Services IndexSemler Brossy
CleanSparknot disclosedRSU 60 · PRSU 40NoCompensia Inc.
Couchbase95%not disclosedNoCompensia
DigitalOcean98%PSU 65 · RSU 35NoCompensia
Global138.3%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Marqeta116.1%RSU 70 · PSU 30NoCompensia, Inc.
Mining133%PSU 60 · RSU 40Yes — Three-Year Change in Relative Total Shareholder Return (rTSR)Meridian
Payoneernot disclosedRSU 75 · PSU 25NoCompensia
Platforms115%RSU 100not disclosedCompensia, Inc.
Rigettinot disclosednot disclosednot disclosedCompensia
TeraWulfnot disclosednot disclosedNoLyons, Benenson & Company Inc.

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.

10d

Frequently asked questions

Who was the highest-paid executive at Applied Digital Corp. in fiscal 2026?
As disclosed, Wes Cummins (Chief Executive Officer and Chairman) was the highest-paid executive at Applied Digital Corp. in fiscal 2026, with total compensation of $189,217,520.
How does Applied Digital Corp.'s chief executive pay compare to its disclosed peer group?
As disclosed, Wes Cummins's total compensation ranked at the 99th percentile of Applied Digital Corp.'s disclosed peer group.
What is Applied Digital Corp.'s CEO-to-median employee pay ratio?
As disclosed, Applied Digital Corp.'s CEO-to-median employee pay ratio was 828:1.
How did shareholders vote on Applied Digital Corp.'s executive compensation?
As disclosed, 52.63% of shareholders supported Applied Digital Corp.'s executive compensation in the latest say-on-pay vote.
How much does Applied Digital Corp. spend in total on board compensation for fiscal 2026?
As disclosed, Applied Digital Corp. reported total board compensation of $1,229,008 for fiscal 2026.

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 14A2026-09-250001493152-26-044325Section “SUMMARY COMPENSATION TABLE” · page 43. As printed: 189,217,520. Filing ↗machine: span 610389–610400
2Section 01, Jason ZhangDEF 14A2026-09-250001493152-26-044325Section “SUMMARY COMPENSATION TABLE” · page 43. As printed: 100,035,346. Filing ↗machine: span 613996–614007
3Section 01, Saidal MohmandDEF 14A2026-09-250001493152-26-044325Section “SUMMARY COMPENSATION TABLE” · page 43. As printed: 40,480,906. Filing ↗machine: span 617624–617634
4Section 01, Laura LaltrelloDEF 14A2026-09-250001493152-26-044325Section “SUMMARY COMPENSATION TABLE” · page 43. As printed: 2,634,211. Filing ↗machine: span 621206–621215
5Section 03, Saidal Mohmand RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 723445–723454
6Section 03, Jason Zhang RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 710720–710730
7Section 03, Wes Cummins RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 700636–700646
8Section 03, Wes Cummins RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗
9Section 03, Wes Cummins PSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 695269–695280
10Section 03, Saidal Mohmand RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗
11Section 03, Saidal Mohmand PSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 718095–718105
12Section 03, Laura Laltrello RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 728926–728935
13Section 03, Jason Zhang RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 714108–714118
14Section 03, Jason Zhang RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 704835–704845
15Section 03, Jason Zhang RSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 706802–706811
16Section 03, Jason Zhang PSUDEF 14A2026-09-250001493152-26-044325Section “Grants of Plan-based awards in 2026” · grants of plan-based awards table. Filing ↗machine: span 708755–708765
17Section 07, pay ratioDEF 14A2026-09-250001493152-26-044325Section “CEO Pay Ratio”. As printed: 828 : 1. Filing ↗machine: span 784996–784999
18Section 08, Douglas MillerDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: 332,502. Filing ↗machine: span 916149–916156
19Section 08, Richard NottenburgDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: 311,002. Filing ↗machine: span 916826–916833
20Section 08, Rachel LeeDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: 293,502. Filing ↗machine: span 915487–915494
21Section 08, Ella BensonDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: 292,002. Filing ↗machine: span 914143–914150
22Section 08, Wes CumminsDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Chuck HastingsDEF 14A2026-09-250001493152-26-044325Section “Director Compensation”. As printed: —. Filing ↗
24Section 02, Saidal Mohmand 2026-10-04Form 42026-10-050001628280-26-065122Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Saidal Mohmand 2026-10-04Form 42026-10-050001628280-26-065122Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Saidal Mohmand 2026-10-04Form 42026-10-050001628280-26-065122Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Wes Cummins 2026-10-10Form 42026-10-130001391935-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Wes Cummins 2026-10-10Form 42026-10-130001391935-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Wes Cummins 2026-10-10Form 42026-10-130001391935-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Richard Nottenburg 2026-10-13Form 42026-10-150001166816-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
31Section 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 ↗
32Section 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 ↗
33Section 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 ↗
34Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 03b vehicle mix (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
36Section 09b board cost (computed)Computed——Cash 269,000 + equity 960,008 + all other 0 = 1,229,008, summed across the director compensation table rows.machine: formula: Σ = 1,229,008
37Applied Digital Corp. (subject), Section 10b CEO totalDEF 14A2026-09-250001493152-26-044325CEO total compensation as printed in Applied Digital Corp.'s own proxy. As printed: 189,217,520. Filing ↗machine: span 610389–610400
38CleanSpark, 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: span 1267847–1267857
39TeraWulf, 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
40Platforms, Section 10b CEO totalDEF 14A2026-04-160001628280-26-025532CEO total compensation as printed in Platforms's own proxy. As printed: 25,125,904. Filing ↗machine: r2 · c36 · span 652962–652972
41Global, Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global's own proxy. As printed: 20,307,392. Filing ↗
42Cipher, Section 10b CEO totalDEF 14A2026-04-200001819989-26-000016CEO total compensation as printed in Cipher's own proxy. As printed: 14,968,623. Filing ↗machine: r3 · c36 · span 547754–547764
43Payoneer, Section 10b CEO totalDEF 14A2026-04-270001104659-26-049462CEO total compensation as printed in Payoneer's own proxy. As printed: 11,707,037. Filing ↗machine: t49 · r2 · c49 · span 591288–591298
44Marqeta, 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
45Couchbase, 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
46Alkami, Section 10b CEO totalDEF 14A2026-04-070001529274-26-000023CEO total compensation as printed in Alkami's own proxy. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164
47Mining, Section 10b CEO totalDEF 14A2026-04-010001140361-26-012491CEO total compensation as printed in Mining's own proxy. As printed: 6,646,601. Filing ↗machine: r2 · c28 · span 2268574–2268583
48DigitalOcean, Section 10b CEO totalDEF 14A2026-04-240001582961-26-000029CEO total compensation as printed in DigitalOcean's own proxy. As printed: 1,210,795. Filing ↗machine: r2 · c42 · span 468499–468508
49Rigetti, Section 10b CEO totalDEF 14A2026-04-240001104659-26-048555CEO total compensation as printed in Rigetti's own proxy. As printed: 636,222. Filing ↗machine: t6 · r1 · c47 · span 264532–264539
50Section 10a, Platforms reciprocityDEF 14A—0001628280-26-025532Platforms's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
51Section 10a, Payoneer reciprocityDEF 14A—0001104659-26-049462Payoneer's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
52Section 10a, TeraWulf reciprocityDEF 14A—0001083301-26-000077TeraWulf names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, Alkami reciprocityDEF 14A—0001529274-26-000023Alkami's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
54Section 10a, CleanSpark reciprocityDEF 14A—0001193125-26-019447CleanSpark names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Mining reciprocityDEF 14A—0001140361-26-012491Mining's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
56Section 10a, Marqeta reciprocityDEF 14A—0001522540-26-000030Marqeta's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
57Section 10a, Global reciprocityDEF 14A—0001104659-25-023451Global's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗
58Section 10a, Cipher reciprocityDEF 14A—0001819989-26-000016Cipher names Applied Digital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, Couchbase reciprocityDEF 14A—0001845022-25-000036Couchbase's most recent proxy was read; its disclosed peer group does not include Applied Digital Corp.. Filing ↗

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