Form 4: AppLovin Corp CLO & Corp. Secretary Victoria Valenzuela Sells 50,000 Shares
SEC Form 4 Filing
Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, sold 50,000 shares of Class A Common Stock on April 4, 2024, at a weighted average price of $75.01.
Summary
- On April 4, 2024, Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, sold 50,000 shares of Class A Common Stock.
- The sales were executed at prices ranging from $75.00 to $75.07, with a weighted average sale price of $75.01.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 11, 2023.
- Following the transaction, Valenzuela directly owns 471,560 shares, some of which are represented by RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/11/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 04/04/2024 | Date of the transaction (sale of shares) |
| 04/08/2024 | Date of the Form 4 filing |
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