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 March 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Eduardo Vivas, a director of AppLovin Corp, reported the sale of Class A Common Stock on March 11, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 13, 2023.
• A total of 1,268 shares were sold in multiple transactions at varying prices.
• The prices ranged from $59.90 to $62.57 per share.
• Following the reported transactions, Vivas directly owns 8,351,954.249 shares of Class A Common Stock.
• Vivas also has indirect ownership through family trusts: 141,673 shares held by Vivas Family Trust and 123,032 shares held by Arutyunyan Family Trust, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which is a common practice.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current, non-public information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates