Herald Y. Chen - Nov 22, 2023 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: Nov 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/27/2023, 05:26 PM
Previous filing: Nov 14, 2023
Next filing: Mar 18, 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	+50K	+35.06%	$0.00	193K	Nov 22, 2023	Direct	F1, F2
transaction	APP	Class A Common Stock	Gift	$0	-50K	-25.96%	$0.00	143K	Nov 22, 2023	Direct	F1, F2
holding	APP	Class A Common Stock						50K	Nov 22, 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		-50K	-2.56%		1.91M	Nov 22, 2023	Class A Common Stock	50K		Direct	F1, F4
holding	APP	Class B Common Stock						330K	Nov 22, 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.