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

Role: President & CFO, Director
Signature: /s/ Victoria Valenzuela, Attorney-in-fact
Stock symbol: APP
Transactions as of: Dec 10, 2021
Transactions value $: $305,015
Form type: 4
Date filed: 12/14/2021, 03:50 PM
Previous filing: Aug 18, 2021
Next filing: Feb 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APP	Class A Common Stock	Options Exercise	$305K	+60.4K		$5.05	60.4K	Dec 10, 2021	Direct
holding	APP	Class A Common Stock						50K	Dec 10, 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	-60.4K	-2.56%	$0.00	2.3M	Dec 10, 2021	Class A Common Stock	60.4K	$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.