APP.NASDAQApplovin CORP

Form 4: AppLovin Corp CEO Arash Adam Foroughi Reports Tax Withholding on RSU/PSU Vesting

Sentiment:

SEC Form 4 Filing

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Arash Adam Foroughi, CEO and Chairperson of AppLovin Corp, reports the withholding of shares to cover income tax obligations related to the vesting of Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).

Summary

  • On August 20, 2024, Arash Adam Foroughi, CEO and Chairperson of AppLovin Corp, reported a transaction on Form 4.
  • The transaction involved the withholding of 794,387 Class A Common Stock shares by the issuer to satisfy income tax obligations related to the vesting of RSUs and PSUs at a price of $86.58.
  • Following the transaction, Foroughi directly owns 4,096,982 shares of Class A Common Stock.
  • Foroughi also indirectly owns 3,036,000 shares through The JAF Children's Trust, 1,536,000 shares through The WHK Trust, and 786,000 shares through The OD Trust, for which his children are beneficiaries; he disclaims beneficial ownership of these shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding process related to equity compensation.

Key Dates

DateDescription
08/20/2024Date of transaction (share withholding for tax obligations).
08/22/2024Date of signature by Attorney-in-fact.

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