Form 4: AppLovin Corp CLO & Corp. Secretary, Victoria Valenzuela, Reports Stock Sales

Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, reports the sale of Class A Common Stock, including shares withheld for tax obligations and sales executed under a Rule 10b5-1 trading plan.

Summary

• Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, filed a Form 4 detailing changes in beneficial ownership.
• On August 20, 2024, 20,834 shares of Class A Common Stock were withheld by the issuer to cover income tax obligations related to the vesting of Restricted Stock Units (RSUs) at a price of $86.58.
• Between August 22, 2024, Valenzuela sold a total of 14,166 shares of Class A Common Stock under a Rule 10b5-1 trading plan.
• These sales were executed in multiple trades at weighted average prices of $89.13 for 4,619 shares, $90.21 for 7,807 shares, $91.17 for 1,640 shares, and $92.1 for 100 shares.
• Following these transactions, Valenzuela directly owns 352,616 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure related to insider trading activities. It is common for executives to utilize Rule 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates