Form 4: AppLovin Corp CEO Arash Adam Foroughi Reports Stock Transactions
SEC Form 4
CEO Arash Adam Foroughi reports acquisition of restricted stock units and beneficial ownership of Class A Common Stock.
Summary
- Arash Adam Foroughi, CEO and Chairperson of AppLovin Corp, reported transactions involving Class A Common Stock.
- On November 4, 2024, Foroughi acquired 67,805 restricted stock units (RSUs) at $0.00.
- These RSUs vest in quarterly installments starting February 20, 2025, contingent upon continued service.
- Foroughi directly owns 3,953,022 shares of Class A Common Stock, including those represented by RSUs and PSUs.
- He also has indirect beneficial ownership of shares held in trusts for his children: 3,036,000 shares in The JAF Children's Trust, 1,536,000 shares in The WHK Trust, and 786,000 shares in The OD Trust.
- Foroughi disclaims beneficial ownership of the shares held in the children's trusts.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard reporting of stock transactions. The acquisition of RSUs is a slightly positive indicator of the CEO's commitment.
Positives
- The acquisition of RSUs could be seen as a positive sign, indicating the CEO's continued commitment to the company's future.
Future Outlook
The vesting schedule of the RSUs indicates a multi-year commitment from the CEO.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of transaction: Acquisition of 67,805 restricted stock units. |
| 02/20/2025 | First vesting date for 1/4th of the acquired RSUs. |
| 11/06/2024 | Date of signature for the Form 4 filing. |
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