Jason Zhang RSU Vesting
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
Passages name Jason Zhang as Chief Strategy Officer and an April 2026 MIP Unit grant, but none mention the 613,152 consultant shares vesting on November 7, 2024.
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
Jason Zhang will be issued 613,152 restricted shares as equity compensation on November 7, 2024
Source (primary)
Applied Digital SC 13D/A filed 2024-10-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the remaining 613,152 (six hundred thirteen thousand one hundred fifty-two) of the Consultant shares will vest on the second anniversary of the signing of this agreement”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Item 3 of the October 2024 filing states that 613,152 of Zhang's 5,000,000 RSUs 'will vest on November 7, 2024', granted for consulting services. The attached agreement describes this as the second-anniversary tranche of the restricted shares.
Confirmed in the source:
- Jason Zhang was granted 5,000,000 restricted stock units by Applied Digital in connection with consulting services
- 613,152 of those units were scheduled to vest on November 7, 2024
- The shares are equity compensation under Zhang's Consulting Services Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000108514624004848/aplda1_101124.htm) in full (28,358 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital SC 13D/A filed 2024-10-11
Quote: “the remaining 613,152 (six hundred thirteen thousand one hundred fifty-two) of the Consultant shares will vest on the second anniversary of the signing of this agreement”