Form 4: AppLovin Corp: Chief Technology Officer Vasily Shikin Reports Share Withholding for Tax Obligations

Vasily Shikin, Chief Technology Officer of AppLovin Corp, reports the withholding of shares to cover income tax obligations related to vesting of Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).

Summary

• On May 29, 2024, Vasily Shikin, the Chief Technology Officer of AppLovin Corp, reported a transaction involving Class A Common Stock.
• The transaction involved the withholding of 1,535,675 shares by the issuer to satisfy income tax and withholding obligations related to the vesting and net settlement of previously reported Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs).
• Following the transaction, Shikin directly owns 5,484,166 shares of Class A Common Stock.
• Shikin also indirectly owns shares through several trusts for the benefit of family members: ES48 Holdings Trust (105,889 shares), IK50 Holdings Trust (105,889 shares), IS37 Holdings Trust (105,889 shares), and The Shikin 2020 Irrevocable GST Trust (425,450 shares).

Sentiment

Score: 5

Explanation: This Form 4 filing reflects a standard transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

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

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is related to tax obligations of an executive.

Key Dates