Arash Adam Foroughi - 01 Nov 2022 Form 4 Insider Report for AppLovin Corp (APP)

Role: CEO & Chairperson, Director, 10%+ Owner
Signature: /s/ Victoria Valenzuela, Attorney-in-fact
Issuer symbol: APP
Transactions as of: 01 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 28 Nov 2022, 08:00:07 UTC
Previous filing: 19 May 2021
Next filing: 07 Dec 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	Conversion of derivative security	$0	+7,500,000		$0.000000	7,500,000	01 Nov 2022	See Footnote	F1, F2
transaction	APP	Class A Common Stock	Gift	$0	-7,500,000	-100%	$0.000000^*	0	01 Nov 2022	See Footnote	F1, F2
transaction	APP	Class A Common Stock	Gift	$0	+3,750,000		$0.000000	3,750,000	01 Nov 2022	See Footnote	F1, F3
transaction	APP	Class A Common Stock	Gift	$0	+2,250,000		$0.000000	2,250,000	01 Nov 2022	See Footnote	F1, F4
transaction	APP	Class A Common Stock	Gift	$0	+1,500,000		$0.000000	1,500,000	01 Nov 2022	See Footnote	F1, F5
holding	APP	Class A Common Stock						100,000	01 Nov 2022	See Footnote	F6

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	Class B Common Stock	Conversion of derivative security	$0	-7,500,000	-90%	$0.000000	847,752	01 Nov 2022	Class A Common Stock	7,500,000		See Footnote	F1, F2
holding	APP	Class B Common Stock						27,936,907	01 Nov 2022	Class A Common Stock	27,936,907		Direct	F7
holding	APP	Class B Common Stock						237,283	01 Nov 2022	Class A Common Stock	237,283		See Footnote	F7, F8
holding	APP	Class B Common Stock						237,283	01 Nov 2022	Class A Common Stock	237,283		See Footnote	F7, F9
holding	APP	Class B Common Stock						237,283	01 Nov 2022	Class A Common Stock	237,283		See Footnote	F7, F10
holding	APP	Class B Common Stock						237,283	01 Nov 2022	Class A Common Stock	237,283		See Footnote	F7, F11
holding	APP	Class B Common Stock						237,283	01 Nov 2022	Class A Common Stock	237,283		See Footnote	F7, F12

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

Explanation of Responses:

Id	Content
F1	In connection with estate planning by the Reporting Person, the reported shares of Class B Common Stock automatically converted into an equal number of shares of Class A Common Stock of the Issuer and were transferred as a bona fide gift to certain trusts for which the Reporting Person's children are beneficiaries. Shares of Class B Common Stock are exchangeable at any time, at the option of the Reporting Person and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock.
F10	Shares are held by KMF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F11	Shares are held by OHF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F12	Shares are held by WNF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F2	Shares are held by The Foroughi 2015 Irrevocable Trust for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F3	Shares are held by The JAF Children's Trust for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F4	Shares are held by The WHK Trust for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F5	Shares are held by The OD Trust for which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F6	Shares are held by The Adam and Jaclyn Foroughi 2011 Family Trust for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F7	Shares of Class B Common Stock are exchangeable at any time, at the option of the Reporting Person and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock.
F8	Shares are held by DLF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F9	Shares are held by HDF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.