Applied Digital Co-Founder's Stake in the Company Drops by Nearly 50,000 Shares Worth $1.3 Million

Key Points The sale involved 49,188 shares worth ~$1.3 million on September 12, 2026. The transaction size represented 2% of the insider's direct equity stake held before the filing. Activity was conducted entirely through direct ownership; no indirect holdings or entities were reported. 10 stocks we like better than Applied Digital › Applied Digital Corporation (NASDAQ:APLD) President and co-founder Jason Gechen Zhang reported a non-discretionary disposition of 49,188 shares of common stock on September 12, 2026, according to a recent SEC Form 4 filing . Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($26.42). Key questions What was the primary driver of this transaction?