| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APP | Class A Common Stock | Sale | -$676K | -30K | -0.34% | $22.54 | 8.67M | Jun 13, 2023 | Direct | F1, F2, F3 |
| holding | APP | Class A Common Stock | 390K | Jun 13, 2023 | See Footnote | F4 | |||||
| holding | APP | Class A Common Stock | 425K | Jun 13, 2023 | See Footnote | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2023. |
| F2 | The sales were executed in multiple trades at prices ranging from $22.20 to $23.07. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. |
| F3 | Certain of these securities are represented by RSUs and PSUs. |
| F4 | Shares are held by The Shikin 2018 Irrevocable Trust dated April 18, 2018 for the benefit of the Reporting Person's spouse. |
| F5 | Shares are held by The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children. |