Co-founder share disposition
Company: Applied Digital
The claim, verbatim
Co-founder Jason Gechen Zhang disposed of 49,188 shares on September 12, 2026 as a tax withholding event triggered by RSU vesting
Source (primary)
Applied Digital (NASDAQ: APLD) Co-Founder Offloads Nearly 50,000 Shares In Tax-Related RSU Transaction - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “President and co-founder Jason Gechen Zhang reported a non-discretionary disposition of 49,188 shares of common stock on September 12, 2026, per a recent SEC Form 4 filing. The transaction was not an open-market sale but rather a mechanical tax withholding event triggered by the automatic vesting of restricted stock units.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The article states that co-founder Jason Gechen Zhang disposed of 49,188 shares on September 12, 2026, in a tax withholding event triggered by RSU vesting.
Confirmed in the source:
- Jason Gechen Zhang is a co-founder of Applied Digital
- Zhang disposed of 49,188 shares
- The disposition occurred on September 12, 2026
- The disposition was a tax withholding event triggered by RSU vesting
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/19/applied-digital-nasdaq-apld-co-founder-offloads-nearly-50000-shares-in-tax-related-rsu-transaction/) in full (2,672 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Co-Founder Offloads Nearly 50,000 Shares In Tax-Related RSU Transaction - foreignpolicyjournal.com
Quote: “President and co-founder Jason Gechen Zhang reported a non-discretionary disposition of 49,188 shares of common stock on September 12, 2026, per a recent SEC Form 4 filing. The transaction was not an open-market sale but rather a mechanical tax withholding event triggered by the automatic vesting of restricted stock units.”