CEO Restricted Stock Unit Grant
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened January 4, 2022
The claim reports an RSU grant made on January 4, 2022, before the statement date. It is not a forward commitment.
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Wes Cummins granted 500,000 restricted stock units vesting through April 1, 2023
Source (primary)
Applied Digital 10-K/A filed 2022-09-27 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On January 4, 2022, grants to our Named Executive Officers were as follows: Wes Cummins CEO 500,000”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing lists a 500,000-unit grant to Cummins with a final vesting date of April 1, 2023. Each vesting date is delayed if a resale registration statement has not yet been declared effective. The filing calls the award both restricted stock units and restricted stock.
Confirmed in the source:
- Wes Cummins was granted 500,000 restricted stock units/restricted shares on January 4, 2022
- The grant vests in installments from April 1, 2022 through April 1, 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000043/apld-20220531.htm) in full (83,898 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K/A filed 2022-09-27
Quote: “On January 4, 2022, grants to our Named Executive Officers were as follows: Wes Cummins CEO 500,000”