Applied Digital President Buys 300,000 Shares for $5.66M on the Open Market
APLD is trading near its 52-week low of $17.651 (5.1% above the low).
Summary
Applied Digital's President bought 300,000 shares on the open market for $5.66M at a weighted-average $18.86 — his first disclosed open-market purchase and a counterpoint to recent insider selling.
Key Events · Ownership and Investor Activity · APLD
-
President Buys 300,000 Shares
On 2026-10-16, Jason Gechen Zhang acquired 300,000 shares at a weighted-average $18.86, with individual trades ranging $18.40 to $19.16.
-
$5.66M of Personal Capital
The open-market purchase totaled $5,658,000 — cash out of pocket, not an option exercise or RSU vesting.
-
Stake Rises to 2.84M Shares
Direct holdings after the transaction stand at 2,839,227 shares, including unvested RSUs from 2025 and 2026 grants.
-
Runs Against Recent Insider Selling
Before this filing, the 90-day insider tape showed $3.0M of open-market sales and no buys.
Analysis · APLD · Technology
President Jason Gechen Zhang put $5.66M of his own money into 300,000 shares at a weighted-average $18.86 — real open-market buying, not an option exercise or grant. It is a modest slice of a $5.5B company, but it stands as the only open-market insider buy in a 90-day window that otherwise shows $3.0M of insider selling. The purchase also lands days after a Q1 FY2027 report showing a $221M net loss alongside 322% revenue growth. His direct stake now sits at 2.84M shares.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, APLD was trading at $18.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $17.65 to $50.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.