Form 4: AppLovin Corp Director Eduardo Vivas Transfers Shares to Exchange Fund
SEC Form 4 Filing
Director Eduardo Vivas reported a transaction involving the transfer of 229,200 shares of AppLovin Corp to an exchange fund on August 16, 2024.
Summary
- On August 16, 2024, Eduardo Vivas, a director of AppLovin Corp, transferred 229,200 shares of Class A Common Stock to an exchange fund.
- The shares were valued at $86.35 each, based on the closing price on The Nasdaq Global Select Market on the date of the exchange.
- Following the transaction, Vivas directly owns 7,412,475.249 shares, some of which are represented by RSUs.
- Vivas also indirectly owns 129,542 shares through the Vivas Family Trust and 112,681 shares through the Arutyunyan Family Trust, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a company insider. 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
Share transfers to exchange funds are sometimes used for estate planning or diversification purposes by high-net-worth individuals and corporate insiders.
Key Dates
| Date | Description |
|---|---|
| 10/26/2020 | Date of Vivas Family Trust U/A/D |
| 12/1/20 | Date of Arutyunyan Family Trust U/A/D |
| 08/16/2024 | Date of share transfer to exchange fund |
| 08/20/2024 | Date of signature by Attorney-in-fact |
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