Form 4: AppLovin Corp CLO Victoria Valenzuela Reports Stock Contribution to Exchange Fund

Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, reported contributing 15,971 shares of Class A Common Stock to an exchange fund on December 19, 2024.

Summary

• On December 19, 2024, Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, reported a transaction involving the company's Class A Common Stock.
• Valenzuela contributed 15,971 shares to an exchange fund.
• The contribution was made in exchange for the right to receive shares in the exchange fund at a later date, expected to be at least seven years from the transfer date.
• The shares were originally transferred into an escrow account on December 5, 2024, before the official contribution.
• The price of the Common Stock was valued at $313.07 for the exchange.
• Following the reported transaction, Valenzuela beneficially owns 372,205 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.

Future Outlook

The reporting person will receive shares in the exchange fund at a later date, expected to be at least seven years from the date of transfer.

Industry Context

This filing reflects a common practice among corporate executives to diversify their holdings through exchange funds, potentially deferring capital gains taxes.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in beneficial ownership reported by a company officer.

Key Dates