2024 Equity Compensation Plan - 10 million share reservation
Company: Applied Digital
The claim, verbatim
Approval and reservation of 10,000,000 shares of common stock for issuance under the 2024 Equity Compensation Plan
Source (primary)
Applied Digital PRE 14A filed 2024-10-11 (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 September 17, 2026. The cited source supports part of this claim, but not all of it.
This preliminary proxy statement shows the 10,000,000-share plan was put to a stockholder vote with the Board's recommendation. It was filed before the November 20, 2024 meeting, so it cannot show that the plan was approved.
Confirmed in the source:
- Applied Digital's 2024 annual meeting proxy asked stockholders to approve the Company's 2024 Equity Compensation Plan (also called the 2024 Omnibus Equity Incentive Plan)
- The proposal included reserving 10,000,000 shares of common stock for issuance under the 2024 plan
- The Board adopted the 2024 plan on October 8, 2024, subject to stockholder approval, and recommended a vote FOR it
We could not confirm this from the cited source:
- That stockholders actually approved the 2024 plan and the 10,000,000-share reservation
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/1144879/000149315224040964/formpre14a.htm) in full (295,423 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital PRE 14A filed 2024-10-11
Quote: “To approve the Company's 2024 Equity Compensation Plan and the reservation of 10,000,000 shares of common stock for issuance thereunder”