David Rench is 46 and currently serves as Chief Administrative Officer of Applied Digital, a position held since October 15, 2024. He previously served as Chief Financial Officer from March 2021 to October 2024.
Before joining Applied Digital, Mr. Rench co-founded Ihiji in 2009, a software startup where he served as Vice President of Finance and Operations from 2010 until the company's acquisition by Control4 in 2017. Following the acquisition, he joined Hirzel Capital, an investment management company, where he served as Chief Financial Officer from 2017 to 2020.
Mr. Rench holds a BBA from the Neeley School of Business at Texas Christian University in Fort Worth, Texas, and an MBA from the Cox School of Business at Southern Methodist University in Dallas, Texas.
Biography extracted from Applied Digital DEF 14A filed 2024-10-23 View cached copy (2026-08-31)Live source ↗
Roles
Contiguous filings for the same role are collapsed into a single tenure span. Click a row to see the underlying filings.
| Company | Role | Tenure | Filings |
|---|---|---|---|
| Applied Digital | Chief Financial Officer | 2022-04 → present (4y 7mo) | 12 |
Show 12 underlying filings | |||
| Applied Digital | Chief Administrative Officer | 2024-11 → present (2y) | 2 |
Show 2 underlying filings | |||
Compensation
| Year | Role as filed | Salary | Bonus | Stock awards | Total | Source |
|---|---|---|---|---|---|---|
| 2022 | Chief Financial Officer | $254.7K | $180.0K | $1.34M | $1.77M | View cached copy (2026-09-13)Live source ↗ |
| 2021 | Chief Financial Officer | $41.7K | $20.0K | — | $61.7K | View cached copy (2026-09-13)Live source ↗ |
As reported in the company's DEF 14A Summary Compensation Table (SEC Reg S-K Item 402(c)). Stock and option awards are grant-date fair values — what the award was worth on the day it was granted, not cash received and not what it is worth now. Every row here reconciles: its columns add up to the total the filing printed.
Insider transactions
Totals for this person
| Bucket | Invested (shares) | Invested (USD) | Divested (shares) | Divested (USD) | Net direction | Txns | Invested @ last price | Divested @ last price |
|---|---|---|---|---|---|---|---|---|
| All time | 2,150,154 | $7.5K | 138,675 | $741.3K | ↓ Divested $733.8K | 29 | $38.30M | $2.47M |
| 2024 | 1,519,998 | $0 | 82,229 | $555.9K | ↓ Divested $555.9K | 17 | $27.08M | $1.46M |
| 2023 | 376,666 | $0 | 31,446 | $136.4K | ↓ Divested $136.4K | 9 | $6.71M | $560.2K |
| 2022 | 253,490 | $7.5K | 25,000 | $49.0K | ↓ Divested $41.5K | 3 | $4.52M | $445.4K |
| 2024-Q1 | 83,334 | $0 | 11,695 | $49.8K | ↓ Divested $49.8K | 3 | $1.48M | $208.3K |
| 2024-Q2 | 140,000 | $0 | 17,045 | $55.7K | ↓ Divested $55.7K | 3 | $2.49M | $303.7K |
| 2024-Q3 | 83,332 | $0 | 10,146 | $42.7K | ↓ Divested $42.7K | 3 | $1.48M | $180.8K |
| 2024-Q4 | 1,213,332 | $0 | 43,343 | $407.6K | ↓ Divested $407.6K | 8 | $21.62M | $772.2K |
Invested = shares acquired (buys, grants, option exercises) — insider adding to the position. Divested = shares reduced (sells, dispositions, tax-withholding) — cash flowing TO the insider. Net direction shows which side wins on dollar terms in each bucket. % of holder's stake not yet computed (pending Form 3/4 holdings ingest). See methodology. The two @ last price columns restate the same share counts at the most recent share price we read (close of 2026-10-30); they are a valuation, not a cash flow, and they move every day the market does.
All transactions
| Date | Company | Kind | Shares | Amount (USD) | Value @ last price |
|---|---|---|---|---|---|
| 2024-12-01 | Applied Digital | Option / RSU exercise | 81,666 | - | $1.45M |
| 2024-12-01 | Applied Digital | Tax withholding on vesting | 31,958 | $322,776 | $569.3K |
| 2024-12-01 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 81,666 | - | $1.45M |
| 2024-11-15 | Applied Digital | Grant / award / vesting · Restricted Stock Unit | 490,000 | - | $8.73M |
| 2024-11-15 | Applied Digital | Grant / award / vesting · Restricted Stock Unit | 490,000 | - | $8.73M |
| 2024-10-04 | Applied Digital | Option / RSU exercise | 35,000 | - | $623.5K |
| 2024-10-04 | Applied Digital | Tax withholding on vesting | 11,385 | $84,818 | $202.8K |
| 2024-10-04 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 35,000 | - | $623.5K |
| 2024-08-05 | Applied Digital | Option / RSU exercise | 41,666 | - | $742.3K |
| 2024-08-05 | Applied Digital | Tax withholding on vesting | 10,146 | $42,715 | $180.8K |
| 2024-08-05 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 41,666 | - | $742.3K |
| 2024-04-04 | Applied Digital | Option / RSU exercise | 70,000 | - | $1.25M |
| 2024-04-04 | Applied Digital | Tax withholding on vesting | 17,045 | $55,737 | $303.7K |
| 2024-04-04 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 70,000 | - | $1.25M |
| 2024-02-05 | Applied Digital | Option / RSU exercise | 41,667 | - | $742.3K |
| 2024-02-05 | Applied Digital | Tax withholding on vesting | 11,695 | $49,821 | $208.3K |
| 2024-02-05 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 41,667 | - | $742.3K |
| 2023-08-05 | Applied Digital | Tax withholding on vesting | 10,146 | $79,037 | $180.8K |
| 2023-08-05 | Applied Digital | Option / RSU exercise | 41,667 | - | $742.3K |
| 2023-08-05 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 41,667 | - | $742.3K |
Show older transactions (9 more)
| Date | Company | Kind | Shares | Amount (USD) | Value @ last price |
|---|---|---|---|---|---|
| 2023-04-04 | Applied Digital | Grant / award / vesting · Restricted Stock Unit | 210,000 | - | $3.74M |
| 2023-04-01 | Applied Digital | Tax withholding on vesting | 5,073 | $11,364 | $90.4K |
| 2023-02-05 | Applied Digital | Tax withholding on vesting | 11,154 | $36,697 | $198.7K |
| 2023-02-05 | Applied Digital | Option / RSU exercise | 41,666 | - | $742.3K |
| 2023-02-05 | Applied Digital | Option / RSU exercise · Restricted Stock Unit | 41,666 | - | $742.3K |
| 2023-01-01 | Applied Digital | Tax withholding on vesting | 5,073 | $9,334 | $90.4K |
| 2022-11-28 | Applied Digital | Open-market sale | 25,000 | $49,000 | $445.4K |
| 2022-08-31 | Applied Digital | Open-market purchase | 3,490 | $7,504 | $62.2K |
| 2022-08-05 | Applied Digital | Grant / award / vesting · Restricted Stock Unit | 250,000 | - | $4.45M |
