<SEC-DOCUMENT>0001144879-25-000079.txt : 20251028
<SEC-HEADER>0001144879-25-000079.hdr.sgml : 20251028
<ACCEPTANCE-DATETIME>20251028161703
ACCESSION NUMBER:		0001144879-25-000079
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251024
FILED AS OF DATE:		20251028
DATE AS OF CHANGE:		20251028

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lee Rachel H.
		CENTRAL INDEX KEY:			0001704740
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31968
		FILM NUMBER:		251425046

	MAIL ADDRESS:	
		STREET 1:		3811 TURTLE CREEK BOULEVARD, SUITE 2100
		STREET 2:		C/O APPLIED DIGITAL CORPORATION
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Applied Digital Corp.
		CENTRAL INDEX KEY:			0001144879
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		ORGANIZATION NAME:           	06 Technology
		EIN:				954863690
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0531

	BUSINESS ADDRESS:	
		STREET 1:		3811 TURTLE CREEK BLVD., SUITE 2100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		214-556-2465

	MAIL ADDRESS:	
		STREET 1:		3811 TURTLE CREEK BLVD., SUITE 2100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Applied Blockchain, Inc.
		DATE OF NAME CHANGE:	20210423

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Applied Science Products, Inc.
		DATE OF NAME CHANGE:	20110118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLIGHT SAFETY TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20020926
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1761682620.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-10-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001144879</issuerCik>
        <issuerName>Applied Digital Corp.</issuerName>
        <issuerTradingSymbol>APLD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001704740</rptOwnerCik>
            <rptOwnerName>Lee Rachel H.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3811 TURTLE CREEK BOULEVARD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2100</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75219</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-10-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>24213</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>33.20</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>59400</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.17 to $33.21, inclusive.</footnote>
        <footnote id="F2">Includes 28,606 restricted stock units (&quot;RSUs&quot;) granted on December 27, 2024 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the &quot;Issuer&quot;) on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.</footnote>
        <footnote id="F3">Includes 46,190 shares of restricted stock granted on February 22, 2024 as an initial grant upon initiation of board service. Of these shares, 15,396 vested on February 22, 2025 and 15,397 will vest on each of February 22, 2026 and February 22, 2027, subject to the Reporting Person being a director of the Issuer on each such date.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Mark Chavez as Attorney-in-Fact</signatureName>
        <signatureDate>2025-10-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
