Applied Digital Corp

(a)

On April 11, 2025, we filed a Withdrawal of Designation relating to the Series F Convertible Preferred Stock (the “Withdrawal of Designation”) with the Secretary of State of the State of Nevada and terminated the designation of the Series F Convertible Preferred Stock. At the time of the filing of the Withdrawal of Designation, no shares of Series F Convertible Preferred Stock were outstanding. The Withdrawal of Designation was effective upon filing and eliminated from the Company’s Second Amended and Restated Articles of Incorporation, as amended, all matters set forth in the previously-filed Certificate of Designation with respect to the previously designated Series F Convertible Preferred Stock.

(c)

During the fiscal quarter ended February 28, 2025, two of ourboard members adopted Rule 10b5-1 plans:

Ella Benson adopted a Rule 10b5-1 plan providing for the sale of up to 26,823 shares of the Company’s common stock. Pursuant to this plan, Ms. Benson may sell shares of common stock beginning May 31, 2025, subject to the terms of the agreement, and the plan terminates on December 31, 2025. The trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c).

Rachel Lee adopted a Rule 10b5-1 plan providing for the sale of up to 38,515 shares of the Company’s common stock. Pursuant to this plan, Ms. Lee may sell shares of common stock beginning May 25, 2025, subject to the terms of the agreement, and the plan terminates on December 31, 2025. The trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c).

Except as provided above, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted orterminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408(a) of Regulation S-K), during the fiscal quarter ended February 28, 2025.