Form 4: AppLovin Corp Executive Dmitriy Dorosh Reports Tax-Related Share Withholding and Stock Purchase

Principal Accounting Officer Dmitriy Dorosh reports share withholding for tax obligations and a purchase under the employee stock purchase plan.

Summary

• On May 20, 2024, Dmitriy Dorosh, Principal Accounting Officer of AppLovin Corp, had 4,168 shares withheld by the issuer to cover income tax obligations related to the vesting of Restricted Stock Units (RSUs).
• The price per share for the withholding was $84.57.
• Dorosh also acquired 590 shares under the AppLovin Corporation Employee Stock Purchase Plan on the same date.
• Following these transactions, Dorosh beneficially owns 124,255 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to tax obligations and employee stock purchase plan participation. It doesn't indicate any significant positive or negative developments for the company.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates confidence in the company's future.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The Employee Stock Purchase Plan is a common benefit offered by many companies, including competitors like Unity and ironSource, to incentivize employee ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• Employees participating in the stock purchase plan benefit from company stock ownership.

Key Dates