David Rench PSU vesting conditions and forfeiture
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
No passage says whether the PSU vesting conditions were met by April 30, 2026, or whether 306,250 of Mr. Rench's PSUs were forfeited.
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
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
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states this forfeiture and remaining-vesting arrangement word for word.
Confirmed in the source:
- If the vesting conditions on David Rench's PSUs are not satisfied by April 30, 2026, 306,250 of his PSUs will be forfeited
- Another 306,250 PSUs will remain outstanding and eligible to vest if the conditions are satisfied on or before December 31, 2027
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/form8-ka.htm) in full (8,222 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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.”