SCHEDULE: Jane Street Group Discloses 6.1% Stake in Applied Digital

Jane Street Group, LLC and its affiliates reported a combined beneficial ownership of 6.1% in Applied Digital Corp., totaling 17,067,159 shares, including shares from warrants.

Summary

• Jane Street Group, LLC and its affiliates, Jane Street Capital, LLC, Jane Street Options, LLC, and Jane Street Global Trading, LLC, collectively reported beneficial ownership of 17,067,159 shares of Applied Digital Corp. common stock.
• This aggregate amount represents 6.1% of the issuer's class of securities.
• The reported holding includes 6,531,260 shares that can be acquired from warrants held by Jane Street Global Trading, LLC.
• The percentage ownership calculation is based on 280,499,300 outstanding shares, which includes 273,968,040 shares outstanding as of September 24, 2025, and dilution from the warrants.
• Jane Street Group, LLC, as the parent holding company, beneficially owns 17,067,159 shares, representing 6.1% of the class.
• Jane Street Capital, LLC beneficially owns 5,698,105 shares, representing 2.0% of the class.
• Jane Street Options, LLC beneficially owns 3,336,927 shares, representing 1.2% of the class.
• Jane Street Global Trading, LLC beneficially owns 8,032,127 shares, representing 2.9% of the class, including 6,531,260 shares from warrants.
• The reporting persons certified that the securities were not acquired or held for the purpose of changing or influencing control of Applied Digital Corp.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It is a neutral regulatory report.

Positives

• A significant institutional investor, Jane Street Group, holds a substantial stake, potentially indicating confidence in Applied Digital Corp.
• The beneficial ownership includes potential future shares from warrants, suggesting a long-term interest or strategic position.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Jane Street Group could be viewed positively, potentially signaling institutional confidence and liquidity.
• Management: Awareness of a large institutional holder may influence strategic decisions or communication.

Key Dates

Keywords

Applied Digital Corp, Jane Street Group, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Warrants, Equity Stake