Form 4: AppLovin Corp CFO Matthew Stumpf Reports Acquisition of Restricted Stock Units

AppLovin Corp's CFO, Matthew Stumpf, reports the acquisition of 40,683 restricted stock units (RSUs) on October 30, 2024.

Summary

• On October 30, 2024, Matthew Stumpf, the Chief Financial Officer of AppLovin Corp, acquired 40,683 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs were acquired at a price of $0.00.
• Following this transaction, Stumpf directly owns 264,206 shares of Class A Common Stock, some of which are represented by RSUs and performance stock units (PSUs).
• 1/4th of the RSUs shall vest on February 20, 2025 and 1/4th of the RSUs shall vest on each three-month anniversary thereafter, subject to the Reporting Person continuing to be a service provider through each such date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing reflecting stock transactions by a company executive. The acquisition of RSUs is generally a positive sign, but it's a routine part of executive compensation.

Positives

• The acquisition of RSUs by the CFO could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs indicates a long-term incentive for the CFO to remain with the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in the CFO's holdings of AppLovin Corp stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals the CFO's confidence in the company.

Key Dates