Form 4: AppLovin Corp CFO Matthew Stumpf Reports Stock Transactions
SEC Form 4 Filing
AppLovin Corp's CFO, Matthew Stumpf, reported the acquisition and disposal of Class A Common Stock, including transactions related to stock options and RSUs/PSUs.
Summary
- On March 14, 2024, Matthew Stumpf, the CFO of AppLovin Corp, engaged in transactions involving Class A Common Stock.
- He acquired 4,686 shares at a price of $5.05 related to the exercise of stock options.
- He disposed of 2,775 shares at a price of $63.3.
- Following these transactions, Stumpf beneficially owns 362,264 shares of Class A Common Stock.
- The transactions included the exercise of stock options with an exercise price of $5.05 for 4,686 shares.
- The stock options vest over time, with a portion vesting on February 24, 2021, and the remainder vesting monthly thereafter, contingent upon continued service.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/24/2021 | Initial vesting date for 1/4th of the stock options. |
| 03/14/2024 | Date of stock acquisition and disposal transactions. |
| 03/18/2024 | Date of signature for the report. |
| 03/18/2030 | Expiration date of the stock options. |
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