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Ella G. Benson, a director at Applied Digital Corp (NASDAQ:APLD), sold 8,581 shares of common stock on November 24, 2025. The shares were sold at weighted average prices ranging from $21.14 to $23.79, for a total value of approximately $199,250.
Following the transaction, Benson directly owns 68,422 shares of Applied Digital, which includes 7,747 restricted stock units vesting November 5, 2026, and 60,976 shares of restricted stock, with 20,325 shares vesting on each of April 30, 2026 and April 30, 2027.
The sale was executed under a Rule 10b5-1 trading plan adopted on January 30, 2025.
In other recent news, Applied Digital Corporation has announced several significant developments. The company successfully completed the second 50 MW phase at its Polaris Forge 1 AI Factory Campus in North Dakota, reaching the full 100 MW critical IT load capacity for Building 1. This achievement is part of a larger 400 MW deployment under long-term lease agreements. Additionally, Applied Digital completed a private offering of $2.35 billion in senior secured notes, with the proceeds intended for funding the construction of data centers at its Ellendale campus and other financial obligations. A subsidiary of Applied Digital, APLD ComputeCo LLC, priced this offering at 97% of the principal amount. Furthermore, the company is set to receive $787.5 million in equity funding from Macquarie Asset Management to further develop its AI data center campuses in North Dakota. These financial and operational activities underline Applied Digital’s ongoing expansion efforts in the data center sector.
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