Form 4: AppLovin Corp CLO Sells Shares in Multiple Transactions

AppLovin Corp's Chief Legal Officer and Corporate Secretary, Victoria Valenzuela, sold a total of 21,425 Class A common stock shares on December 3, 2024, at prices ranging from $350.45 to $357.57.

Summary

• Victoria Valenzuela, the Chief Legal Officer and Corporate Secretary of AppLovin Corp, executed multiple sales of Class A common stock on December 3, 2024.
• The transactions involved the sale of 21,425 shares in total.
• The sales were conducted at various prices, with weighted average prices ranging from $350.45 to $357.57 per share.
• Following these transactions, Ms. Valenzuela directly owns 405,676 shares of Class A common stock.
• Some of the securities are represented by Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an executive, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a routine SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The level of detail provided in this filing is consistent with regulatory requirements.
• The trading activity is not unusual for a corporate officer and is similar to other filings from executives at comparable companies.

Stakeholder Impact

• The stock sales by a company executive may be of interest to shareholders, but the impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates

Keywords

AppLovin Corp, insider trading, stock sale, Class A Common Stock, Victoria Valenzuela, SEC Form 4, equity securities, corporate secretary, CLO