Series E-1 Preferred Stock redemption upon holder death
Company: Applied Digital
The claim, verbatim
The company will redeem Series E-1 Preferred Stock shares of natural person beneficial owners upon their death within three years of issuance at the written request of the owner's estate
Source (primary)
Applied Digital 8-K filed 2024-11-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company will redeem shares of Series E-1 Preferred Stock of a beneficial owner who is a natural person (including a natural person who holds shares of Series E-1 Preferred Stock through an Individual Retirement Account or in a personal or estate planning trust) upon his or her death at the written request of the beneficial owner's estate”
How we checked this
Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the company will redeem a deceased natural-person holder's shares at the estate's written request. However, the window runs through December 31 of the third-anniversary year, not strictly three years, and the right is subject to restrictions.
Confirmed in the source:
- The company will redeem Series E-1 Preferred Stock held by a natural-person beneficial owner upon that owner's death
- Redemption is made at the written request of the beneficial owner's estate
- The death-redemption right is time-limited, beginning at original issuance
We could not confirm this from the cited source:
- That the death-redemption window ends exactly three years after issuance (the filing says it runs until December 31 of the year in which the third anniversary of issuance occurs, and is subject to restrictions)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/form8-k.htm) in full (16,994 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-11-14
Quote: “the Company will redeem shares of Series E-1 Preferred Stock of a beneficial owner who is a natural person (including a natural person who holds shares of Series E-1 Preferred Stock through an Individual Retirement Account or in a personal or estate planning trust) upon his or her death at the written request of the beneficial owner's estate”