Form 4: AppLovin Corp CLO & Corp. Secretary Victoria Valenzuela Sells $1.625 Million in Class A Common Stock

Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, sold 25,000 shares of Class A Common Stock on March 8, 2024, for approximately $1.625 million.

Summary

• Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, reported a transaction involving the sale of Class A Common Stock.
• On March 8, 2024, Valenzuela sold 25,000 shares at a price of $65 per share.
• The total value of the shares sold amounts to approximately $1.625 million.
• Following the transaction, Valenzuela still beneficially owns 521,560 shares, some of which are represented by RSUs.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company insider. The sentiment is neutral as it simply reports a transaction without expressing any positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock. Investors often monitor these filings to gain insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates