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

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

Summary

• On February 20, 2025, Vasily Shikin, the Chief Technology Officer of AppLovin Corp, had 21,408 Class A Common Stock shares withheld by the issuer to cover income tax obligations.
• Following this transaction, Shikin directly owns 3,492,891 shares of Class A Common Stock.
• Shikin also indirectly owns shares through several trusts for the benefit of family members and children, including 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 is a neutral event related to tax obligations and does not inherently reflect positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, reflecting a common practice of companies withholding shares to cover employee tax obligations upon the vesting of restricted stock units. It is a routine transaction and doesn't necessarily indicate a change in the executive's outlook on the company.

Stakeholder Impact

• The transaction has a minor impact on the overall share count, but is not expected to significantly affect shareholders.
• The transaction ensures compliance with tax regulations.

Key Dates

Keywords

Form 4, AppLovin Corp, Vasily Shikin, Chief Technology Officer, Beneficial Ownership, Tax Withholding, Restricted Stock Units, Class A Common Stock