Herald Y. Chen - 10 Dec 2021 Form 4 Insider Report for AppLovin Corp (APP)

Role: President & CFO, Director
Signature: /s/ Victoria Valenzuela, Attorney-in-fact
Issuer symbol: APP
Transactions as of: 10 Dec 2021
Net transactions value: +$305,015
Form type: 4
Filing time: 14 Dec 2021, 15:50:21 UTC
Previous filing: 18 Aug 2021
Next filing: 08 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APP	Class A Common Stock	Options Exercise	$305,015	+60,399		$5.05	60,399	10 Dec 2021	Direct
holding	APP	Class A Common Stock						50,000	10 Dec 2021	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APP	Stock Option (right to buy)	Options Exercise	$0	-60,399	-2.6%	$0.000000	2,300,001	10 Dec 2021	Class A Common Stock	60,399	$5.05	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
F2	The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase. The option, originally for 4,800,000 shares, of which 2,439,600 shares have been early-exercised, vested as to 1/4th of the total shares on November 4, 2020 with 1/48th of the total shares vesting monthly thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Content

Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.

The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase. The option, originally for 4,800,000 shares, of which 2,439,600 shares have been early-exercised, vested as to 1/4th of the total shares on November 4, 2020 with 1/48th of the total shares vesting monthly thereafter, subject to the Reporting Person continuing as a service provider through each such date.