Applied Digital Corporation has approved new equity awards for President and Co-Founder Jason Zhang and Chief Financial Officer Saidal Mohmand. Zhang will receive 1,500,000 performance stock units (PSUs) and 500,000 restricted stock units (RSUs), while Mohmand will receive 750,000 PSUs and 250,000 RSUs. These awards are granted under the company’s 2024 Omnibus Equity Incentive Plan and are intended to cover the next five years, with additional grants only possible if significant unforeseen business changes occur. Each PSU and RSU represents the right to receive one share of Applied Digital’s common stock upon vesting, subject to specific terms and conditions.

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