Herald Y. Chen - 22 Nov 2023 Form 4 Insider Report for AppLovin Corp (APP)

Signature
/s/ Victoria Valenzuela, Attorney-in-fact
Issuer symbol
APP
Transactions as of
22 Nov 2023
Net transactions value
$0
Form type
4
Filing time
27 Nov 2023, 17:26:07 UTC
Previous filing
14 Nov 2023
Next filing
18 Mar 2024

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 +50,000 +35% $0.000000 192,617 22 Nov 2023 Direct F1, F2
transaction APP Class A Common Stock Gift $0 -50,000 -26% $0.000000 142,617 22 Nov 2023 Direct F1, F2
holding APP Class A Common Stock 50,000 22 Nov 2023 See footnote F3

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 -50,000 -2.6% 1,906,059 22 Nov 2023 Class A Common Stock 50,000 Direct F1, F4
holding APP Class B Common Stock 330,000 22 Nov 2023 Class A Common Stock See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with a gift 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 a donor-advised fund.
F2 Certain of these securities are represented by RSUs.
F3 Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
F4 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.