Form 4: AppLovin Corp CEO Arash Adam Foroughi Sells Shares in Multiple Transactions

AppLovin Corp's CEO, Arash Adam Foroughi, reported the sale of Class A Common Stock in a series of transactions between September 12 and September 13, 2024.

Summary

• Arash Adam Foroughi, CEO and Chairperson of AppLovin Corp, filed a Form 4 detailing changes in beneficial ownership.
• On September 12 and 13, 2024, Foroughi sold multiple blocks of Class A Common Stock at prices ranging from $98.08 to $112.75.
• The sales on September 12, 2024, included transactions ranging from 900 shares at $98.08 to 44,835 shares at $105.46.
• On September 13, 2024, sales ranged from 900 shares at $106.95 to 42,788 shares at $111.55.
• Following these transactions, Foroughi directly owns 3,885,217 shares of Class A Common Stock.
• Additionally, Foroughi indirectly owns shares through various trusts for the benefit of his children: 3,036,000 shares via The JAF Children's Trust, 1,536,000 shares via The WHK Trust, and 786,000 shares via The OD Trust.
• Foroughi disclaims beneficial ownership of the shares held in these trusts.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by the CEO. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sales based on their own analysis.

Industry Context

Executive share sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. It is important to consider the context of these sales, such as the executive's overall holdings and any pre-arranged trading plans.

Stakeholder Impact

• Shareholders may react to the CEO's stock sales, potentially influencing the stock price.
• The sales do not appear to directly impact employees, customers, suppliers, or creditors.

Key Dates