Herald Y. Chen - 17 Jun 2024 Form 4 Insider Report for AppLovin Corp (APP)

Role
President & CFO, Director
Signature
/s/ Victoria Valenzuela, Attorney-in-fact
Issuer symbol
APP
Transactions as of
17 Jun 2024
Net transactions value
-$11,740,973
Form type
4
Filing time
20 Jun 2024, 17:37:56 UTC
Previous filing
10 Jun 2024
Next filing
26 Aug 2024
SEC
View on sec.gov

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 +150,000 +240% $0.000000 212,418 17 Jun 2024 Direct F1
transaction APP Class A Common Stock Sale $2,388,248 -30,836 -15% $77.45 181,582 17 Jun 2024 Direct F1, F2, F3
transaction APP Class A Common Stock Sale $7,158,579 -91,390 -50% $78.33 90,192 17 Jun 2024 Direct F1, F3, F4
transaction APP Class A Common Stock Sale $2,194,146 -27,774 -31% $79.00 62,418 17 Jun 2024 Direct F1, F3, F5
holding APP Class A Common Stock 50,000 17 Jun 2024 See footnote F6

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 -150,000 -8.2% 1,686,258 17 Jun 2024 Class A Common Stock Direct F1, F7
holding APP Class B Common Stock 330,000 17 Jun 2024 Class A Common Stock See footnote F6, F7
* 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 In connection with a sale 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 sold pursuant to a 10b5-1 plan adopted by the Reporting Person on December 14, 2023.
F2 The sales were executed in multiple trades at prices ranging from $76.76 to $77.75. 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.
F4 3. The sales were executed in multiple trades at prices ranging from $77.77 to $78.76. 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.
F5 The sales were executed in multiple trades at prices ranging from $78.77 to $79.41. 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 Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
F7 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.