AD CEO and director report initial Array Digital equity holdings

Rhea-AI Filing Summary

Array Digital Infrastructure, Inc. (AD) disclosed the equity holdings of its President and CEO, who also serves as a director, in an initial ownership filing. The executive beneficially owns 4,607 Common Shares held directly, plus 9,511 Common Shares tied to deferred compensation under the company’s Long-Term Incentive Plan, of which 8,303 Common Shares are vested. In addition, the executive holds performance share units and restricted stock units covering 3,459 and 1,452 Common Shares granted on April 3, 2023, and 2,442 and 1,673 Common Shares granted on March 4, 2024. These awards are scheduled to vest between April 3, 2026 and March 4, 2027, with one-third of the 2024 restricted stock units already vested on March 4, 2025.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Carlson Anthony J

Role President and CEO

Type	Security	Shares	Price	Value
holding	Peformance Share Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Peformance Share Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Common Shares	--	--	--
holding	Deferred Compensation	--	--	--

Holdings After Transaction: Peformance Share Units — 3,459 shares (Direct); Restricted Stock Units — 1,452 shares (Direct); Common Shares — 4,607 shares (Direct); Deferred Compensation — 9,511 shares (Direct)

Footnotes (1)

1. Reporting person deferred a portion of his bonus into Array Common Stock pursuant to the Long-Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests exactly 33 and 1/3rd, each year over a three year period. A total of 8,303 Common Shares are vested. Granted under the Array Long-Term Incentive Plan on April 3, 2023. Performance Share Units will vest April 3, 2026. Granted under the Array Long-Term Incentive Plan on April 3, 2023. Restricted Stock Units will vest April 3, 2026. Granted under the Array Long-Term Incentive Plan on March 4, 2024. Performance Share Units will vest on March 4, 2027. Granted under the Array Long-Term Incentive Plan on March 4, 2024. One-third of the Restricted Stock Units vested on March 4, 2025. The remaining Restricted Stock Units will vest 837 units on March 4, 2026, and 836 units on March 4, 2027.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Carlson Anthony J

(Last) (First) (Middle)

30 N. LASALLE STREET, SUITE 4000

(Street)

CHICAGO IL 60602

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2025

3. Issuer Name and Ticker or Trading Symbol
ARRAY DIGITAL INFRASTRUCTURE, INC. [ AD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	4,607	D
Deferred Compensation	9,511(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Peformance Share Units	(2)	(2)	Common Shares	3,459	(2)	D
Restricted Stock Units	(3)	(3)	Common Shares	1,452	(3)	D
Peformance Share Units	(4)	(4)	Common Shares	2,442	(4)	D
Restricted Stock Units	(5)	(5)	Common Shares	1,673	(5)	D

Explanation of Responses:

1. Reporting person deferred a portion of his bonus into Array Common Stock pursuant to the Long-Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests exactly 33 and 1/3rd, each year over a three year period. A total of 8,303 Common Shares are vested.

2. Granted under the Array Long-Term Incentive Plan on April 3, 2023. Performance Share Units will vest April 3, 2026.

3. Granted under the Array Long-Term Incentive Plan on April 3, 2023. Restricted Stock Units will vest April 3, 2026.

4. Granted under the Array Long-Term Incentive Plan on March 4, 2024. Performance Share Units will vest on March 4, 2027.

5. Granted under the Array Long-Term Incentive Plan on March 4, 2024. One-third of the Restricted Stock Units vested on March 4, 2025. The remaining Restricted Stock Units will vest 837 units on March 4, 2026, and 836 units on March 4, 2027.

Remarks:

	Julie D Mathews, by power of atty	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Array Digital Infrastructure (AD) disclose in this insider filing?

Array Digital Infrastructure (AD) reported the initial equity ownership of its President and CEO, who is also a director, including directly held Common Shares, deferred compensation shares, and multiple performance and restricted stock unit awards under the Long-Term Incentive Plan.

How many Array Digital (AD) Common Shares does the CEO directly own?

The CEO directly owns 4,607 Common Shares of Array Digital Infrastructure, Inc.

What deferred compensation holdings were reported for the Array Digital (AD) CEO?

The CEO has 9,511 Common Shares tied to deferred compensation under the Long-Term Incentive Plan, and a total of 8,303 Common Shares from these amounts are vested.

What performance share units does the Array Digital (AD) CEO hold and when do they vest?

The CEO holds performance share units covering 3,459 Common Shares granted on April 3, 2023 that vest on April 3, 2026, and 2,442 Common Shares granted on March 4, 2024 that vest on March 4, 2027.

What restricted stock units were disclosed for the Array Digital (AD) CEO?

The CEO holds restricted stock units covering 1,452 Common Shares granted on April 3, 2023 that vest on April 3, 2026, and 1,673 Common Shares granted on March 4, 2024. For the 2024 grant, one-third vested on March 4, 2025, with 837 units vesting on March 4, 2026 and 836 units vesting on March 4, 2027.

What is the CEO’s relationship to Array Digital Infrastructure (AD)?

The reporting person is both a Director and an Officer of Array Digital Infrastructure, Inc., serving as President and CEO.