2024 Equity Compensation Plan
Company: Applied Digital
What the later record shows
Delivered on time · happened November 20, 2024
The November 2024 8-K says stockholders approved the 2024 Plan on November 20, 2024. The passages do not restate the 10,000,000-share reserve, but a 2025 proxy shows shares reserved under the 2024 plan.
“effective November 20, 2024 (the date of stockholder approval for the 2024 Plan)”
2024-11-20 · Applied Digital 8-K filed 2024-11-21 View cached copy (2026-08-31)Live source ↗
“9,752,548 shares of common stock reserved for future issuance under the 2024 Incentive Plan”
2025-09-22 · View PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
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
Company approved 2024 Equity Compensation Plan with 10,000,000 shares of common stock reserved for issuance
Source (primary)
Applied Digital DEF 14A filed 2024-10-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “To approve the Company's 2024 Equity Compensation Plan and the reservation of 10,000,000 shares of common stock for issuance thereunder”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The proxy statement confirms the plan and its 10,000,000-share reserve, and says the Board adopted it subject to stockholder approval. It was filed before the vote, so it cannot show that the plan was finally approved.
Confirmed in the source:
- Applied Digital's October 2024 proxy statement presents a 2024 Equity Compensation Plan (also called the 2024 Omnibus Equity Incentive Plan) with 10,000,000 shares of common stock reserved for issuance under it
- Applied Digital's Board adopted the 2024 plan on October 8, 2024, subject to stockholder approval
We could not confirm this from the cited source:
- That the 2024 Equity Compensation Plan was approved by stockholders; the proxy statement only asks stockholders to vote on it at the November 20, 2024 annual meeting
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/1144879/000149315224042122/formdef14a.htm) in full (303,817 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2024-10-23
Quote: “To approve the Company's 2024 Equity Compensation Plan and the reservation of 10,000,000 shares of common stock for issuance thereunder”
confirms Applied Digital 8-K filed 2024-11-21
Quote: “effective November 20, 2024 (the date of stockholder approval for the 2024 Plan)”
confirms View PDF
Quote: “9,752,548 shares of common stock reserved for future issuance under the 2024 Incentive Plan”