Form 4: AppLovin Corp CFO Matthew Stumpf Reports Share Withholding for Tax Obligations

AppLovin Corp's CFO, Matthew Stumpf, reports the withholding of shares to cover income tax obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• On February 20, 2025, Matthew Stumpf, the Chief Financial Officer of AppLovin Corp, had 5,947 shares withheld to cover income tax obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
• Following the transaction, Stumpf beneficially owns 207,389 shares of Class A Common Stock.
• The transaction was not a sale of shares by the reporting person but rather a withholding by the issuer to satisfy tax obligations.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices and tax obligations.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.

Comparison to Industry Standards

• Similar transactions are regularly reported by executives at comparable tech companies like Meta, Google, and Snap.
• These companies also use RSUs as part of their compensation packages, leading to similar tax withholding events.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related event.

Key Dates

Keywords

Form 4, AppLovin Corp, Matthew Stumpf, CFO, share withholding, tax obligations, RSUs, beneficial ownership