APP.NASDAQApplovin CORP

Form 4: AppLovin Corp: Chief Technology Officer Vasily Shikin Reports Stock Transactions

Sentiment:

SEC Form 4

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

Summary

  • On August 20, 2024, Vasily Shikin, the Chief Technology Officer of AppLovin Corp, had 793,711 Class A Common Stock shares withheld by the issuer to cover 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 4,690,455 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: The document is a standard SEC filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it primarily concerns internal tax obligations related to executive compensation.

Key Dates

DateDescription
08/20/2024Date of transaction (stock withholding for tax obligations).
08/22/2024Date of report signature.

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