Jason Gechen Zhang reported an Applied Digital open-market purchase

What did Jason Gechen Zhang report?

The SEC Form 4 identifies Jason Gechen Zhang as President and reports an open-market purchase of 300,000 Applied Digital (APLD) shares at $18.86 each. The reported transaction was worth about $5.66M.

The transaction date was Oct 16, 2026. The Form 4 was filed on Oct 19, 2026, 3 days later. The filing puts the holding after the purchase at 2,839,227 shares, an increase of about 11.8% over the estimated holding before.

How did the purchase fit the timing?

The trade was made 9 days after Applied Digital's results announcement of Oct 7, 2026, reported in an 8-K Item 2.02. The Form 8-K of Oct 7, 2026 is the company filing associated with that announcement.

General background, not OQRO data: many companies let insiders trade only in a window that opens after results, and a sale can also follow an option exercise, a tax bill or a pre-arranged plan. A Form 4 does not say which of these applies here.

How does this compare with other reported purchases?

OQRO holds no other open-market purchases by Jason Gechen Zhang in the 365 days to Oct 19, 2026. OQRO does not hold enough history on this person to say whether this is a first purchase. Only 0 of this person's disclosed purchases have had 90 days since they were reported, too few for OQRO to show a result.

At Applied Digital, 1 other open-market purchase, about $1.01M by 1 insider, was filed in the 90 days to Oct 19, 2026. In the 365 days before that, 0 were filed, about $0, an average of 0.0 per 90 days. The largest other filing of the same kind in that period was by Wes Cummins, CEO; Chairman, about $1.01M, filed Oct 19, 2026. See the Wes Cummins filing.

What other Applied Digital records are on file?

Insiders at Applied Digital also filed 1 open-market sale, about $683K, in those 90 days. Fund 13F filings recorded in the 90 days to Oct 19, 2026 show 5 new or larger positions and 1 smaller or closed position in Applied Digital.

In 13F filings for the quarter ended Jun 30, 2026, the largest positions that grew were Situational Awareness LP, increased to 1,906,178 shares, and Voloridge Investment Management, LLC, increased to 2,949,313 shares. The largest that shrank were Blackstone Inc. and Kennedy Capital Management LLC, both sold out. A 13F is a quarter-end snapshot with no trade date.

FINRA short interest for APLD on the settlement date of Sep 30, 2026 was 56,633,429 shares, −2.13% on the previous report, about 3.4 days of average volume.

What was reported around the trade date?

APLD closed at $18.05 on Oct 16, 2026, the last session on or before the trade date. From Sep 16, 2026 to Oct 16, 2026, the close moved from $24.39 to $18.05, a change of −26.0%. The price information is context; the filing does not explain the move.

Finnhub listed the Yahoo headline "Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2%" on Oct 16, 2026. It also listed Benzinga's "Why Is Applied Digital Stock Falling Friday?" on Oct 16, 2026, and Yahoo's "Data Center Stocks Tumble as Financing Costs Draw Scrutiny: Cipher Digital Drops 9%, Applied Digital Falls 6%" on Oct 15, 2026. These are headlines as published by the outlets; OQRO has not checked them or summarized the articles. More company records are available on Applied Digital on OQRO.

What this does not tell you?

A Form 4 reports a transaction; it does not say why it was made. Some purchases and sales follow trading windows or pre-arranged plans, and OQRO notes a plan only when a footnote of the filing says so. An 8-K item says what the company reported, not what it means for the share price. Other news can move a price.

Comparisons use only the filings OQRO holds. This describes public filings and is not investment advice.