Form 4: AppLovin Corp Director Alyssa Harvey Dawson Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Alyssa Harvey Dawson sold shares of AppLovin Corp (APP) on June 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On June 13, 2024, Alyssa Harvey Dawson, a director of AppLovin Corp, sold 1,300 shares of Class A Common Stock at a weighted average price of $74.91.
- Additionally, Dawson sold 3,071 shares of Class A Common Stock at a weighted average price of $75.97.
- These sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2024.
- Following these transactions, Dawson still beneficially owns 14,636 shares (including RSUs) and 11,565 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity, which is common among publicly traded companies. Directors often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 06/13/2024 | Date of stock sale transactions |
| 06/17/2024 | Date of Form 4 filing |
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