Form 4: AppLovin Corp CLO & Corp. Secretary Victoria Valenzuela Sells Shares
SEC Form 4
Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, sold shares of Class A Common Stock on July 1st and 2nd, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, reported the sale of Class A Common Stock.
- On July 1, 2024, 47,001 shares were sold at a weighted average price of $85.06.
- On July 2, 2024, 2,999 shares were sold at a weighted average price of $85.02.
- The sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2024.
- Following these transactions, Valenzuela directly owns 387,616 shares of Class A Common Stock, some of which are represented by RSUs.
- This total includes 402 shares acquired under the AppLovin Corporation Employee Stock Purchase Plan on May 20, 2022.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.
Industry Context
This Form 4 filing is a routine disclosure of insider stock sales. It's common for executives to use Rule 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2022-05-20 | 402 shares acquired under the AppLovin Corporation Employee Stock Purchase Plan |
| 2024-03-14 | Rule 10b5-1 trading plan adopted by the Reporting Person |
| 2024-07-01 | Sale of 47,001 shares of Class A Common Stock |
| 2024-07-02 | Sale of 2,999 shares of Class A Common Stock |
| 2024-07-03 | Date of report |
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