CFO Sells $2.6 Million Stock of AI Growth Stock

Applied Digital Corporation's CFO Mohammad Saidal Lavanway Mohmand sold 96,408 shares worth $2.6 million on July 31, 2026, as a non-discretionary tax withholding event following the vesting of 245,000 performance stock units. Despite the sale, his total direct holdings increased to approximately 888,000 shares. The company continues to demonstrate strong performance in the AI infrastructure sector with a $36 billion lease backlog and operating margins exceeding 90% in its HPC division.