David Rench PSU vesting conditions and forfeiture
Company: Applied Digital
The claim, verbatim
306,250 of David Rench's outstanding PSUs will be forfeited if vesting conditions are not satisfied by April 30, 2026, with 306,250 additional PSUs remaining outstanding and eligible to vest if conditions are satisfied by December 31, 2027
Source (primary)
Applied Digital 8-K/A filed 2025-02-21 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In the event the vesting conditions applicable to the PSUs are not satisfied by April 30, 2026, 306,250 of the PSUs held by Mr. Rench will be forfeited and 306,250 will remain outstanding and eligible to vest in the event such vesting conditions are satisfied on or prior to December 31, 2027.”
How we checked this
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Additional evidence
confirms Applied Digital 8-K/A filed 2025-02-21
Quote: “In the event the vesting conditions applicable to the PSUs are not satisfied by April 30, 2026, 306,250 of the PSUs held by Mr. Rench will be forfeited and 306,250 will remain outstanding and eligible to vest in the event such vesting conditions are satisfied on or prior to December 31, 2027.”