SCHEDULE 13G/A: AppLovin Co-Founder Arash Foroughi Discloses 10.6% Beneficial Ownership Stake
Beneficial Ownership Disclosure
AppLovin Corporation's co-founder, Arash Adam Foroughi, has filed an amended Schedule 13G disclosing a beneficial ownership of 10.6% of the company's Class A common stock as part of a voting group.
Summary
- Arash Adam Foroughi, co-founder of AppLovin Corporation, reported beneficial ownership of 36,337,732 shares of Class A common stock as of December 31, 2024.
- This ownership represents 10.6% of the Class A common stock of AppLovin Corporation.
- The reported shares include 2,957,781 shares of Class A Common Stock held by Mr. Foroughi (including 16,951 shares subject to restricted stock units exercisable within 60 days of December 31, 2024).
- Mr. Foroughi also holds 27,936,907 shares of Class B Common Stock, each convertible into one share of Class A Common Stock.
- Mr. Foroughi is part of a 'group' with Herald Chen, a board member, and certain affiliates, under a Voting Agreement.
- This 'group' collectively beneficially owns 36,337,732 shares of Class A Common Stock, comprising 5,649,191 shares of Class A Common Stock (including 1,880,201 shares from options for Mr. Chen and 16,951 shares from RSUs for Mr. Foroughi) and 30,688,541 shares of Class B Common Stock.
- The ownership percentage is calculated based on 309,353,198 shares of Class A Common Stock outstanding as of December 31, 2024, plus assumed conversions/exercises.
- Each share of Class B Common Stock is entitled to twenty votes per share, while Class A Common Stock is entitled to one vote per share.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by a significant shareholder and co-founder, Arash Adam Foroughi, for AppLovin Corporation, a company operating in the mobile app and advertising technology sector. It does not provide broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Disclosure of Existing Agreement | The filing details an existing Voting Agreement between Mr. Foroughi and Herald Chen (and certain affiliates), which grants them the authority to direct the vote of all Class B Common Stock and other capital stock held by the Voting Agreement Parties. This agreement leads to the formation of a 'group' for beneficial ownership reporting purposes. | NA | This agreement concentrates significant voting power with Mr. Foroughi and Mr. Chen, impacting corporate control and decision-making, particularly given the 20-to-1 voting power of Class B shares. |
Related Party Transactions
- The Voting Agreement between Arash Adam Foroughi and Herald Chen, both associated with AppLovin Corporation, constitutes a related party arrangement concerning the control and voting of company securities.
Stakeholder Impact
- Shareholders: The disclosure highlights the concentrated voting power held by Mr. Foroughi and Mr. Chen through their Class B shares and the Voting Agreement, which could influence corporate governance and strategic decisions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 02/07/2025 | Date of signature for the Schedule 13G Amendment No. 4 filing. |
Keywords
AppLovin Corporation, Arash Adam Foroughi, Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Voting Agreement, SEC Filing, Corporate Governance, Shareholder Disclosure
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