CEO equity compensation - October 2024 grant
Company: Applied Digital
The claim, verbatim
Applied Digital granted Wesley Cummins 600,000 restricted stock units on October 10, 2024, vesting over approximately three years with tranches on October 10, 2025, April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027
Source (primary)
Applied Digital SC 13D/A filed 2024-11-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On October 10, 2024, the Reporting Person received a grant of 600,000 RSUs (the " October 2024 Grant "), of which one-third (1/3) of the RSUs vest on October 10, 2025 and one-sixth (1/6) of the RSUs vest on April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing confirms the October 10, 2024 grant of 600,000 RSUs and each listed vesting date. The final tranche vests three years after the grant.
Confirmed in the source:
- Wesley Cummins received a grant of 600,000 restricted stock units from Applied Digital on October 10, 2024
- The October 2024 grant vests in tranches on October 10, 2025, April 10, 2026, October 10, 2026, April 10, 2027 and October 10, 2027
- The October 2024 grant vests over approximately three years from the grant date
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224048172/formsc13da.htm) in full (17,122 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital SC 13D/A filed 2024-11-29
Quote: “On October 10, 2024, the Reporting Person received a grant of 600,000 RSUs (the " October 2024 Grant "), of which one-third (1/3) of the RSUs vest on October 10, 2025 and one-sixth (1/6) of the RSUs vest on April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.”