Form 4: AppLovin CFO Matthew Stumpf Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
AppLovin CFO Matthew Stumpf disposed of 30,935 shares to cover income tax obligations related to vesting of Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).
Summary
- On August 20, 2024, Matthew Stumpf, the Chief Financial Officer of AppLovin Corp, disposed of 30,935 shares of Class A Common Stock.
- The disposal was not a sale but rather shares withheld by AppLovin to satisfy income tax and withholding obligations related to the vesting and net settlement of previously reported Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).
- The price per share for the transaction was $86.58.
- Following the transaction, Stumpf directly owns 223,523 shares, some of which are represented by RSUs and PSUs.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative.
Industry Context
Executive compensation and tax obligations are standard practice for publicly traded companies. Form 4 filings are a routine part of compliance and transparency.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 08/22/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.