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Executive equity awards in EKSO transaction

Company: Applied Digital

Subject kind
personnel
Statement date
2026-04-15
Promised amount
5.25 percent
Current status
stated

The claim, verbatim

Four executive officers (Wes Cummins, Jason Zhang, Saidal Mohmand, and Laura Laltrello) received Management Incentive Plan Units on April 9, 2026, fully vested upon grant, representing 5.25% of EKSO shares to be issued to Holdco

Source (primary)

Applied Digital 8-K filed 2026-04-16 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗

Quote: “on April 9, 2026, APLD ChronoScale Management LLC ("Management LLC"), an entity formed for the purpose of issuing the equity awards described herein, granted certain profits interests awards consisting of Management Incentive Plan Units ("MIP Units") in Management LLC to the following executive officers of the Company: Wes Cummins, Jason Zhang, Saidal Mohmand and Laura Laltrello (collectively, the "Executive Officers"). Each of these awards was fully vested upon grant. In the aggregate, the awards to the Executive Officers represent approximately 5.25% of the EKSO shares of common stock to be issued to Holdco pursuant to the Contribution and Exchange Agreement.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 8-K filed 2026-04-16

Quote: “on April 9, 2026, APLD ChronoScale Management LLC ("Management LLC"), an entity formed for the purpose of issuing the equity awards described herein, granted certain profits interests awards consisting of Management Incentive Plan Units ("MIP Units") in Management LLC to the following executive officers of the Company: Wes Cummins, Jason Zhang, Saidal Mohmand and Laura Laltrello (collectively, the "Executive Officers"). Each of these awards was fully vested upon grant. In the aggregate, the awards to the Executive Officers represent approximately 5.25% of the EKSO shares of common stock to be issued to Holdco pursuant to the Contribution and Exchange Agreement.”

View cached copy (2026-08-30)Live source ↗

Record of changes

August 31, 2026 — statedlater found incorrect
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 1, 2026 — withdrawnlater found incorrect
Evidence review against the cited source. The source confirms the executives' receipt of fully vested MIP Units on April 9, 2026, but does not contain the specific claim about these awards representing 5.25% of EKSO shares.
September 2, 2026 — stated
Correction after re-verification. Re-verification found the cited source does support this claim. The earlier withdrawal was made in error and has been reversed. The 8-K confirms every element of the claim — the four named executive officers, the April 9, 2026 MIP Unit grants, full vesting upon grant, and the ~5.25% figure — but the attributed quote silently splices together non-contiguous sentences (dropping "and was granted under a newly adopted... Plan") and omits "approximately," so it is not verbatim.