Form 4: AppLovin Corp Director Eduardo Vivas Sells Shares Under 10b5-1 Trading Plan

Director Eduardo Vivas of AppLovin Corp sold shares of Class A Common Stock on July 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 5, 2024, Eduardo Vivas, a director of AppLovin Corp, executed multiple sales of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on March 14, 2024.
• Vivas sold 87,754 shares at an average price of $90.54, 31,085 shares at an average price of $91.33, 1,497 shares at an average price of $90.53 and 523 shares at an average price of $91.37.
• Following these transactions, Vivas directly owns 7,641,531.249 shares and indirectly owns 129,542 shares through the Vivas Family Trust and 112,681 shares through the Arutyunyan Family Trust.
• Vivas disclaims beneficial ownership of shares held by the family trusts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports the sale of shares under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Risks

• The market may react negatively to the director's sale of shares, even though it was pre-planned.

Industry Context

Insider selling can sometimes be viewed negatively by the market, but pre-planned sales under Rule 10b5-1 are generally seen as less concerning since they are scheduled in advance to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could potentially create short-term selling pressure on the stock.

Key Dates