Eduardo Vivas - Sep 11, 2023 Form 4 Insider Report for AppLovin Corp (APP)

Role
Director
Signature
/s/ Victoria Valenzuela, Attorney-in-fact
Stock symbol
APP
Transactions as of
Sep 11, 2023
Transactions value $
-$35,446,281
Form type
4
Date filed
9/13/2023, 07:22 PM
Previous filing
Jul 10, 2023
Next filing
Oct 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APP Class A Common Stock Gift $0 -9.37K -0.1% $0.00 9.55M Sep 11, 2023 Direct
transaction APP Class A Common Stock Sale -$19.8M -474K -4.97% $41.76 9.08M Sep 12, 2023 Direct F1, F2
transaction APP Class A Common Stock Sale -$62.8K -1.5K -1.19% $41.76 125K Sep 12, 2023 See Footnote F1, F3, F4
transaction APP Class A Common Stock Sale -$15.1M -367K -4.05% $41.13 8.71M Sep 13, 2023 Direct F1, F5
transaction APP Class A Common Stock Sale -$412K -9.88K -0.11% $41.74 8.7M Sep 13, 2023 Direct F1, F6
transaction APP Class A Common Stock Sale -$47.8K -1.16K -0.93% $41.13 124K Sep 13, 2023 See Footnote F1, F4, F5
transaction APP Class A Common Stock Sale -$1.38K -33 -0.03% $41.76 124K Sep 13, 2023 See Footnote F1, F4, F7
holding APP Class A Common Stock 142K Sep 11, 2023 See Footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

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 June 13, 2023.
F2 The sales were executed in multiple trades at prices ranging from $41.36 to $42.32. 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 The sales were executed in multiple trades at prices ranging from $41.37 to $42.32. 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.
F4 Shares are held by Arutyunyan Family Trust U/A/D 12/1/20 for the benefit of members of Reporting Person's immediate family. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F5 The sales were executed in multiple trades at prices ranging from $40.70 to $41.695. 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.
F6 The sales were executed in multiple trades at prices ranging from $41.70 to $41.85. 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.
F7 The sales were executed in multiple trades at prices ranging from $41.705 to $41.85. 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.
F8 Shares are held by Vivas Family Trust U/A/D 10/26/2020 for the benefit of members of Reporting Person's immediate family. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.