Herald Y. Chen - 15 Dec 2022 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: 15 Dec 2022
Net transactions value: +$99,990
Form type: 4
Filing time: 19 Dec 2022, 15:39:17 UTC
Previous filing: 03 Jun 2022
Next filing: 09 Jun 2023
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	$99,990	+19,800	+33%	$5.05	80,199	15 Dec 2022	Direct
holding	APP	Class A Common Stock						50,000	15 Dec 2022	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	-19,800	-0.86%	$0.000000	2,280,201	15 Dec 2022	Class A Common Stock	19,800	$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 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.