Herald Y. Chen - 14 Aug 2025 Form 4 Insider Report for AppLovin Corp (APP)

Reporting relationship
Director
Issuer ticker
APP
Reported as of
14 Aug 2025
Net transaction value
-$107,150,626
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 Aug 2025, 17:35:11 UTC
Prior SEC filing
14 Aug 2025
Next SEC filing
18 Aug 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Victoria Valenzuela, Attorney-in-fact

Key filing fact

Herald Y. Chen filed Form 4 for AppLovin Corp (APP) on 18 Aug 2025.

Key facts

  • This page summarizes Herald Y. Chen's Form 4 filing for AppLovin Corp (APP).
  • 32 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 18 Aug 2025, 17:35.

Change

  • Previous filing in this sequence was filed on 14 Aug 2025.
  • Current net transaction value: -$107,150,626.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001348636 Primary reporting owner

Chen Herald Y

Relationship
Director
Address
1100 PAGE MILL ROAD, PALO ALTO
Signature
/s/ Victoria Valenzuela, Attorney-in-fact
Signature date
18 Aug 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

APP transaction

Class A Common Stock

Options Exercise

Transaction value
$1,010,000
Shares
+200,000
Change %
+110%
Price
$5.05
Shares after
381,929
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1
APP transaction

Class A Common Stock

Sale

Transaction value
$5,874,073
Shares
-13,755
Change %
-3.6%
Price
$427.05
Shares after
368,174
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F2
APP transaction

Class A Common Stock

Sale

Transaction value
$9,162,620
Shares
-21,419
Change %
-5.8%
Price
$427.78
Shares after
346,755
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F3
APP transaction

Class A Common Stock

Sale

Transaction value
$6,071,800
Shares
-14,158
Change %
-4.1%
Price
$428.86
Shares after
332,597
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F4
APP transaction

Class A Common Stock

Sale

Transaction value
$11,179,029
Shares
-26,005
Change %
-7.8%
Price
$429.88
Shares after
306,592
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F5
APP transaction

Class A Common Stock

Sale

Transaction value
$11,543,601
Shares
-26,792
Change %
-8.7%
Price
$430.86
Shares after
279,800
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F6
APP transaction

Class A Common Stock

Sale

Transaction value
$8,541,904
Shares
-19,783
Change %
-7.1%
Price
$431.78
Shares after
260,017
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F7
APP transaction

Class A Common Stock

Sale

Transaction value
$4,627,935
Shares
-10,694
Change %
-4.1%
Price
$432.76
Shares after
249,323
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F8
APP transaction

Class A Common Stock

Sale

Transaction value
$7,265,061
Shares
-16,739
Change %
-6.7%
Price
$434.02
Shares after
232,584
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F9
APP transaction

Class A Common Stock

Sale

Transaction value
$2,945,770
Shares
-6,775
Change %
-2.9%
Price
$434.80
Shares after
225,809
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F10
APP transaction

Class A Common Stock

Sale

Transaction value
$1,433,642
Shares
-3,289
Change %
-1.5%
Price
$435.89
Shares after
222,520
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F11
APP transaction

Class A Common Stock

Sale

Transaction value
$2,163,290
Shares
-4,951
Change %
-2.2%
Price
$436.94
Shares after
217,569
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F12
APP transaction

Class A Common Stock

Sale

Transaction value
$2,550,532
Shares
-5,823
Change %
-2.7%
Price
$438.01
Shares after
211,746
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F13
APP transaction

Class A Common Stock

Sale

Transaction value
$3,517,986
Shares
-8,014
Change %
-3.8%
Price
$438.98
Shares after
203,732
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F14
APP transaction

Class A Common Stock

Sale

Transaction value
$2,822,902
Shares
-6,417
Change %
-3.1%
Price
$439.91
Shares after
197,315
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F15
APP transaction

Class A Common Stock

Sale

Transaction value
$2,219,780
Shares
-5,035
Change %
-2.6%
Price
$440.87
Shares after
192,280
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F16
APP transaction

Class A Common Stock

Sale

Transaction value
$3,475,416
Shares
-7,864
Change %
-4.1%
Price
$441.94
Shares after
184,416
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F17
APP transaction

Class A Common Stock

Sale

Transaction value
$518,694
Shares
-1,171
Change %
-0.63%
Price
$442.95
Shares after
183,245
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F18
APP transaction

Class A Common Stock

Sale

Transaction value
$583,922
Shares
-1,316
Change %
-0.72%
Price
$443.71
Shares after
181,929
Date
14 Aug 2025
Ownership
Direct
Footnotes
F1, F19
APP transaction

Class A Common Stock

Options Exercise

Transaction value
$252,500
Shares
+50,000
Change %
+27%
Price
$5.05
Shares after
231,929
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1
APP transaction

Class A Common Stock

Sale

Transaction value
$1,229,220
Shares
-2,831
Change %
-1.2%
Price
$434.20
Shares after
229,098
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F20
APP transaction

Class A Common Stock

Sale

Transaction value
$4,055,598
Shares
-9,323
Change %
-4.1%
Price
$435.01
Shares after
219,775
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F21
APP transaction

Class A Common Stock

Sale

Transaction value
$5,295,634
Shares
-12,144
Change %
-5.5%
Price
$436.07
Shares after
207,631
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F22
APP transaction

Class A Common Stock

Sale

Transaction value
$4,822,613
Shares
-11,038
Change %
-5.3%
Price
$436.91
Shares after
196,593
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F23
APP transaction

Class A Common Stock

Sale

Transaction value
$4,021,391
Shares
-9,180
Change %
-4.7%
Price
$438.06
Shares after
187,413
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F24
APP transaction

Class A Common Stock

Sale

Transaction value
$2,255,281
Shares
-5,142
Change %
-2.7%
Price
$438.60
Shares after
182,271
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F25
APP transaction

Class A Common Stock

Sale

Transaction value
$62,439
Shares
-142
Change %
-0.08%
Price
$439.71
Shares after
182,129
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F26
APP transaction

Class A Common Stock

Sale

Transaction value
$88,154
Shares
-200
Change %
-0.11%
Price
$440.77
Shares after
181,929
Date
15 Aug 2025
Ownership
Direct
Footnotes
F1, F27
APP transaction

Class A Common Stock

Sale

Transaction value
$42,368
Shares
-100
Change %
-0.05%
Price
$423.68
Shares after
189,900
Date
15 Aug 2025
Ownership
See footnote
Footnotes
F28
APP transaction

Class A Common Stock

Sale

Transaction value
$42,469
Shares
-100
Change %
-0.05%
Price
$424.69
Shares after
189,800
Date
15 Aug 2025
Ownership
See footnote
Footnotes
F28

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

APP transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-200,000
Change %
-34%
Price
$0.000000
Shares after
380,201
Date
14 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
200,000
Exercise price
$5.05
Footnotes
F29
APP transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-50,000
Change %
-13%
Price
$0.000000
Shares after
330,201
Date
15 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
50,000
Exercise price
$5.05
Footnotes
F29
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 29 footnotes

Footnote F1

Certain of these securities are represented by Restricted Stock Units ("RSUs").

Footnote F10

The sales were executed in multiple trades at prices ranging from $434.38 to $435.36. 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.

Footnote F11

The sales were executed in multiple trades at prices ranging from $435.42 to $436.41. 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.

Footnote F12

The sales were executed in multiple trades at prices ranging from $436.46 to $437.45. 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.

Footnote F13

The sales were executed in multiple trades at prices ranging from $437.46 to $438.45. 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.

Footnote F14

The sales were executed in multiple trades at prices ranging from $438.46 to $439.45. 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.

Footnote F15

The sales were executed in multiple trades at prices ranging from $439.46 to $440.45. 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.

Footnote F16

The sales were executed in multiple trades at prices ranging from $440.47 to $441.46. 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.

Footnote F17

The sales were executed in multiple trades at prices ranging from $441.47 to $442.465. 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.

Footnote F18

The sales were executed in multiple trades at prices ranging from $442.48 to $443.47. 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.

Footnote F19

The sales were executed in multiple trades at prices ranging from $443.48 to $443.79. 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.

Footnote F2

The sales were executed in multiple trades at prices ranging from $426.34 to $427.33. 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.

Footnote F20

The sales were executed in multiple trades at prices ranging from $433.50 to $434.49. 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.

Footnote F21

The sales were executed in multiple trades at prices ranging from $434.50 to $435.49. 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.

Footnote F22

The sales were executed in multiple trades at prices ranging from $435.50 to $436.49. 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.

Footnote F23

The sales were executed in multiple trades at prices ranging from $436.50 to $437.47. 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.

Footnote F24

The sales were executed in multiple trades at prices ranging from $437.50 to $438.47. 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.

Footnote F25

The sales were executed in multiple trades at prices ranging from $438.50 to $439.23. 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.

Footnote F26

The sales were executed in multiple trades at prices ranging from $439.51 to $440.34. 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.

Footnote F27

The sales were executed in multiple trades at prices ranging from $440.63 to $440.90. 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.

Footnote F28

Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.

Footnote F29

The option is fully vested and exercisable.

Footnote F3

The sales were executed in multiple trades at prices ranging from $427.34 to $428.33. 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.

Footnote F4

The sales were executed in multiple trades at prices ranging from $428.34 to $429.33. 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.

Footnote F5

The sales were executed in multiple trades at prices ranging from $429.34 to $430.33. 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.

Footnote F6

The sales were executed in multiple trades at prices ranging from $430.34 to $431.33. 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.

Footnote F7

The sales were executed in multiple trades at prices ranging from $431.34 to $432.32. 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.

Footnote F8

The sales were executed in multiple trades at prices ranging from $432.34 to $433.31. 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.

Footnote F9

The sales were executed in multiple trades at prices ranging from $433.37 to $434.36. 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.

SEC remarks

Form 1 of 2

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .