Array Digital Infrastructure, Inc. (AD) shareholders
ADNYSERadiotelephone CommunicationsFiscal year ends December 31Also trades as UZD, UZE, UZF
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 19/3071% below fair value
$27.84+0.51 (+1.87%)
Close on Nov 13, 2026Market cap $2.41BP/E 3.7Yield 82.61%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
33.5%
18M of 54M shares
Institutional holders
137
26 new, 34 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 2 sales
Net sold $260.91K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Telephone & Data Systems Inc /De/ Joint filing with Telephone & Data Systems Inc Voting Trust 1989 (82.00%) | 70,788,703 | 82.00% | 13D (active) amendment | Aug 1, 2025 |
| Telephone and Data Systems, Inc. Joint filing with The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 (81.90%) | 70,788,703 | 81.90% | 13D (active) amendment | Sep 1, 2026 |
| Hawk Ridge Capital Management GP LLC Joint filing with Hawk Ridge Capital Management LP (5.10%), Hawk Ridge Management LLC (5.10%) and 2 more | 2,728,548 | 5.10% | 13G (passive) | Sep 16, 2026 |
| Picton Mahoney Asset Management | 1,000,000 | – | 13G (passive) amendment | Feb 28, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of AD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Dimensional Fund Advisors LP | 2,269,157 | 4.24% | $82.28M | −30,425 | 0.01% |
| Hawk Ridge Capital Management LP | 1,817,469 | 3.40% | $65.90M | New | 2.11% |
| Jericho Capital Asset Management L.P. | 1,815,844 | 3.39% | $65.84M | – | 0.54% |
| Madison Avenue Partners, LP | 1,109,463 | 2.07% | $40.23M | New | 1.73% |
| Gamco Investors, Inc. Et Al | 825,262 | 1.54% | $29.92M | −19,300 | 0.27% |
| American Century Companies Inc | 766,133 | 1.43% | $27.78M | +159,354 | 0.01% |
| Bank Of America Corp /De/ | 740,572 | 1.38% | $26.85M | −1,792,445 | 0.00% |
| Loomis Sayles & Co L P | 707,437 | 1.32% | $25.65M | −33,044 | 0.03% |
| Oaktree Capital Management LP | 696,858 | 1.30% | $25.27M | −27,586 | 0.35% |
| Vanguard Capital Management LLC | 695,357 | 1.30% | $25.21M | +13,245 | 0.00% |
| Vanguard Portfolio Management LLC | 657,463 | 1.23% | $23.84M | −9,820 | 0.00% |
| Newtyn Management, LLC | 597,090 | 1.12% | $21.65M | −1,019,766 | 2.70% |
| Gabelli Funds LLC | 545,150 | 1.02% | $19.77M | +3,200 | 0.13% |
| Goldman Sachs Group Inc | 473,069 | 0.88% | $17.15M | +375,198 | 0.00% |
| BlackRock, Inc. | 400,915 | 0.75% | $14.54M | +29,019 | 0.00% |
| Qube Research & Technologies Ltd | 375,967 | 0.70% | $13.63M | −25,976 | 0.01% |
| State Street Corp | 254,423 | 0.48% | $9.23M | +8,670 | 0.00% |
| abrdn plc | 230,410 | 0.43% | $8.35M | −26,590 | 0.01% |
| Corvid Peak Capital Management, LLC | 203,115 | 0.38% | $7.36M | +50,000 | 4.55% |
| Knightsbridge Asset Management, LLC | 202,992 | 0.38% | $9.00M | +92,371 | 0.61% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 137 | 18M | 33.5% | 26 / 41 | 44 / 34 | 4M | 6M |
| Q1 2026 | 148 | 19M | 36.2% | 32 / 50 | 38 / 28 | 5M | 2M |
| Q4 2025 | 146 | 18M | 33.2% | 33 / 52 | 36 / 31 | 2M | 1M |
| Q3 2025 | 148 | 17M | 31.8% | 40 / 40 | 43 / 28 | 5M | 2M |
| Q2 2025 | 137 | 15M | 27.7% | 20 / 55 | 32 / 40 | 3M | 2M |
| Q1 2025 | 158 | 14M | 26.2% | 39 / 39 | 41 / 16 | 1M | 1M |
| Q4 2024 | 135 | 14M | 25.8% | 24 / 47 | 34 / 21 | 1M | 2M |
| Q3 2024 | 133 | 14M | 27.0% | 18 / 34 | 39 / 28 | 1M | 2M |
| Q2 2024 | 144 | 16M | 29.1% | 41 / 33 | 49 / 13 | 2M | 2M |
| Q1 2024 | 118 | 15M | 28.8% | 11 / 38 | 46 / 31 | 1M | 2M |
| Q4 2023 | 138 | 16M | 29.4% | 36 / 46 | 33 / 18 | 3M | 2M |
| Q3 2023 | 123 | 15M | 28.6% | 42 / 26 | 44 / 21 | 5M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
111 funds held AD in Q2 2026, 44% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of AD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Avantis U.S. Small Cap Value ETF | 629,603 | 1.18% | $32.02M | 0.12% | May 31, 2026 |
| U.S. Small Cap Value Portfolio | 557,146 | 1.04% | $19.41M | 0.10% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 514,410 | 0.96% | $18.65M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 367,053 | 0.69% | $13.31M | 0.01% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 359,391 | 0.67% | $12.52M | 0.07% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 251,719 | 0.47% | $8.77M | 0.06% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 232,736 | 0.44% | $8.44M | 0.01% | Jun 30, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 194,500 | 0.36% | $7.05M | 0.16% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 165,343 | 0.31% | $6.00M | 0.01% | Jun 30, 2026 |
| Dimensional U.S. Small Cap ETF | 154,425 | 0.29% | $5.38M | 0.04% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Telecom ETF | 146,254 | 0.27% | $5.30M | 0.74% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 138,037 | 0.26% | $4.81M | 0.02% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 133,017 | 0.25% | $4.63M | 0.06% | Jul 31, 2026 |
| First Trust Small Cap Core AlphaDEX Fund | 120,288 | 0.22% | $4.19M | 0.31% | Jul 31, 2026 |
| Empower Small Cap Value Fund | 118,795 | 0.22% | $4.31M | 0.67% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Anthony J. Carlson | President and CEO, Director | 10,671 | 0.02% | Apr 6, 2026 |
| Douglas W. Chambers | Interim President and CEO, Director | 17,600 | 0.03% | Aug 14, 2025 |
| Michael Irizarry | EVP-CTO, Director | 115,076 | 0.22% | Aug 1, 2025 |
| Laurent C. Therivel | President and CEO, Director | 206,605 | 0.39% | Apr 7, 2025 |
| Kevin R. Lowell | EVP, Chief People Officer | 26,934 | 0.05% | Apr 7, 2025 |
| Harry J. Harczak Jr | Director | 19,870 | 0.04% | Sep 15, 2026 |
| Xavier Williams | Director | 8,735 | 0.02% | May 20, 2026 |
| Esteban C. Iriarte | Director | 11,426 | 0.02% | May 20, 2026 |
| John M. Toomey | Director | 0 | – | May 20, 2026 |
| Joseph R. Hanley | Director | 0 | – | Aug 6, 2025 |
| Walter Cd Carlson | Director | 44,628 | 0.08% | Aug 4, 2025 |
| Kenneth S. Dixon | Director | 0 | – | Jul 2, 2025 |
| Gregory P. Josefowicz | Director | 22,480 | 0.04% | Jun 3, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Harry J. Harczak Jr Director | Sep 11, 2026 | Sale | −2,123 | $38.21 | $81.12K | 14,415 |
| Harry J. Harczak Jr Director | Sep 11, 2026 | Sale | −4,709 | $38.18 | $179.79K | 16,538 |
| Harry J. Harczak Jr Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 21,247 |
| Esteban C. Iriarte Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 11,426 |
| Xavier Williams Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 8,735 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Option exercise | +1,742 | $48.00 | $83.62K | 10,671 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Option exercise | +4,150 | $48.00 | $199.20K | 14,310 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Tax withholding | −1,217 | $48.00 | $58.42K | 13,093 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Tax withholding | −511 | $48.00 | $24.53K | 10,160 |
| Anthony J. Carlson President and CEO, Director | Mar 4, 2026 | Tax withholding | −349 | $49.91 | $17.42K | 8,929 |
| Anthony J. Carlson President and CEO, Director | Mar 4, 2026 | Option exercise | +1,004 | $49.91 | $50.11K | 9,278 |
| Anthony J. Carlson President and CEO, Director | Jan 2, 2026 | Tax withholding | −1,355 | $54.00 | $73.17K | 8,274 |
| Anthony J. Carlson President and CEO, Director | Jan 2, 2026 | Option exercise | +5,022 | $54.00 | $271.19K | 9,629 |
| Harry J. Harczak Jr Director | Aug 18, 2025 | Sale | −1,960 | $76.20 | $149.35K | 19,374 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 12, 2025 | Sale | −93,300 | $75.77 | $7.07M | 17,600 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +41,132 | – | – | 130,233 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +67,005 | – | – | 177,905 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Tax withholding | −19,333 | $73.50 | $1.42M | 110,900 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Returned to company | −67,005 | $73.50 | $4.92M | 110,900 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Tax withholding | −5,416 | $73.50 | $398.08K | 89,101 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +11,522 | – | – | 94,517 |
| Walter Cd Carlson Director | Aug 1, 2025 | Award | +1,146 | $73.50 | $84.23K | 44,628 |
| Xavier Williams Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 6,862 |
| Esteban C. Iriarte Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 9,553 |
| Harry J. Harczak Jr Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 21,334 |
| Michael Irizarry EVP-CTO, Director | Jul 30, 2025 | Option exercise | +18,683 | $45.87 | $856.99K | 115,076 |
| Michael Irizarry EVP-CTO, Director | Jul 30, 2025 | Tax withholding | −14,895 | $72.13 | $1.07M | 100,181 |
| Gregory P. Josefowicz Director | Jun 2, 2025 | Gift | −5,000 | – | – | 22,480 |
| Harry J. Harczak Jr Director | Apr 28, 2025 | Gift | −2,900 | – | – | 19,374 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Tax withholding | −11,055 | $64.48 | $712.83K | 96,393 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Option exercise | +24,952 | – | – | 107,448 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Tax withholding | −12,147 | $64.48 | $783.24K | 82,496 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Option exercise | +27,419 | – | – | 94,643 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Option exercise | +9,686 | – | – | 26,934 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Tax withholding | −3,957 | $64.48 | $255.15K | 22,977 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Tax withholding | −4,347 | $64.48 | $280.29K | 17,248 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Option exercise | +10,642 | – | – | 21,595 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Tax withholding | −10,523 | $64.48 | $678.52K | 72,198 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Option exercise | +22,389 | – | – | 82,721 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Option exercise | +20,374 | – | – | 92,572 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Tax withholding | −9,577 | $64.48 | $617.52K | 82,995 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Option exercise | +73,248 | – | – | 206,605 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Option exercise | +66,656 | – | – | 240,812 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Tax withholding | −32,449 | $64.48 | $2.09M | 174,156 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Tax withholding | −29,529 | $64.48 | $1.90M | 211,283 |
| Michael Irizarry EVP-CTO, Director | Apr 3, 2025 | Option exercise | +14,577 | – | – | 73,682 |
| Michael Irizarry EVP-CTO, Director | Apr 3, 2025 | Tax withholding | −6,458 | $68.71 | $443.73K | 67,224 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 3, 2025 | Option exercise | +9,786 | – | – | 14,135 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 3, 2025 | Tax withholding | −3,182 | $68.71 | $218.64K | 10,953 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 3, 2025 | Tax withholding | −4,953 | $68.71 | $340.32K | 60,332 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 3, 2025 | Option exercise | +11,522 | – | – | 65,285 |
| Laurent C. Therivel President and CEO, Director | Apr 3, 2025 | Tax withholding | −16,919 | $68.71 | $1.16M | 133,357 |
| Laurent C. Therivel President and CEO, Director | Apr 3, 2025 | Option exercise | +38,190 | – | – | 150,276 |
| Michael Irizarry EVP-CTO, Director | Mar 4, 2025 | Option exercise | +9,307 | – | – | 62,220 |
| Michael Irizarry EVP-CTO, Director | Mar 4, 2025 | Tax withholding | −3,115 | $63.51 | $197.83K | 59,105 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Mar 4, 2025 | Tax withholding | −2,210 | $63.51 | $140.36K | 53,763 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Mar 4, 2025 | Option exercise | +6,906 | – | – | 55,973 |
| Laurent C. Therivel President and CEO, Director | Mar 4, 2025 | Tax withholding | −10,153 | $63.51 | $644.82K | 112,086 |
| Laurent C. Therivel President and CEO, Director | Mar 4, 2025 | Option exercise | +22,917 | – | – | 122,239 |
| Kevin R. Lowell EVP, Chief People Officer | Mar 4, 2025 | Option exercise | +5,865 | – | – | 5,865 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
–
1M shares short
Days to cover
5.0
At 0M shares a day
Change since last report
-18.2%
From 1M shares
Short volume, 20 days
46.6%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Array Digital Infrastructure's stock actually held short. Settlement fails (shares not delivered on time) peaked at 13,782 shares on Sep 10, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Harry J. Harczak Jr Director | Sep 16, 2026 | 6,832 | $260.91K | Sep 11, 2026 | Restricted Stock Award |
| Harry J. Harczak Jr Director | Aug 18, 2025 | 1,960 | $148.37K | Aug 18, 2025 | Vested RSAs |
| Kevin R. Lowell Officer | Aug 14, 2025 | 22,977 | $1.74M | Aug 14, 2025 | Peformance Shares |
| Laurent C. Therivel Former Officer | Aug 13, 2025 | 35,724 | $2.74M | Aug 12, 2025 | Restricted stock vesting under a registered plan |
| Kevin R. Lowell Officer | Aug 12, 2025 | 26,459 | $2.01M | Aug 12, 2025 | Restricted stock |
| Douglas W. Chambers Officer | Aug 12, 2025 | 73,934 | $5.62M | Aug 12, 2025 | Stock Awards |
| Douglas W. Chambers Director | Aug 12, 2025 | 27,905 | $2.12M | Aug 12, 2025 | Restricted stock vesting under a registered plan |
| Kevin R. Lowell Officer | Aug 5, 2024 | 37,597 | $1.85M | Aug 5, 2024 | Performance Stock |
| Michael Irizarry Officer, Director | Apr 10, 2023 | 18,826 | $421.33K | Apr 10, 2023 | Restricted Stock |
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