Applied Digital Corp. reported an insider ownership change for Laura Laltrello tied to the vesting of restricted stock units rather than an open-market sale. On July 6, 2026, Laltrello had 43,440 shares of Applied Digital common stock withheld at a reported price of $33.50 per share, representing approximately $1.46 million in value. The transaction was made for tax withholding purposes in connection with the vesting of RSUs, and the filing specifically notes that it “does not constitute an actual sale or other open market transaction.” This type of Form 4 disposition is reported as a tax-withholding transaction, commonly reflected under transaction code “F.” The vesting relates to a January 6, 2025 grant of 600,000 RSUs. Each RSU represents a contingent right to receive one share of Applied Digital common stock, has no expiration date, and settles on a one-for-one basis. Under the schedule described in the filing, one-third of the RSUs vested on January 6, 2026; one-sixth vested on July 6, 2026; and additional one-sixth tranches are scheduled to vest on January 6, 2027, July 6, 2027, and January 6, 2028, provided Laltrello remains employed by the company through each applicable vesting date. Based on that schedule, the July 6, 2026 vesting tranche covered 100,000 RSUs. After the 43,440 shares withheld for taxes, the net share delivery associated with that vesting would be 56,560 shares, before considering any other holdings or transactions. The filing text provided does not state Laltrello’s total beneficial ownership of common stock after the transaction, but it does indicate that the RSU award continues to include remaining unvested tranches from the original 600,000-unit grant. The Form 4 was filed July 7, 2026, one day after the reported transaction, and was signed by Mark Chavez as attorney-in-fact for the reporting person.