Herald Y. Chen - Dec 15, 2022 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 15, 2022
Transactions value $: $99,990
Form type: 4
Date filed: 12/19/2022, 03:39 PM
Previous filing: Jun 3, 2022
Next filing: Jun 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APP	Class A Common Stock	Options Exercise	$100K	+19.8K	+32.78%	$5.05	80.2K	Dec 15, 2022	Direct
holding	APP	Class A Common Stock						50K	Dec 15, 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	-19.8K	-0.86%	$0.00	2.28M	Dec 15, 2022	Class A Common Stock	19.8K	$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.