Form 4: AppLovin Corp Executive Victoria Valenzuela Reports Acquisition of Restricted Stock Units

Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, reports the acquisition of 32,207 restricted stock units (RSUs) on October 30, 2024.

Summary

• On October 30, 2024, Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, acquired 32,207 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Class A common stock each.
• The RSUs vest in equal quarterly installments, starting on February 20, 2025, and continuing every three months thereafter, contingent upon continued service.
• Following the transaction, Valenzuela beneficially owns 447,281 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of RSUs to an executive is a common practice and suggests confidence in the company's future. There are no explicit negative indicators.

Positives

• The acquisition of RSUs by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs suggests a continued commitment from the executive to the company's long-term success.

Industry Context

Executive compensation in the form of stock and RSUs is a common practice in the tech industry to align management's interests with those of the shareholders.

Comparison to Industry Standards

• Granting RSUs to executives is a standard practice among publicly traded companies, particularly in the technology sector.
• Companies like Meta, Google, and Amazon also use RSUs as part of their compensation packages to incentivize long-term performance and retention.
• The vesting schedule of these RSUs, with quarterly vesting starting approximately four months after the grant date, is fairly typical.

Key Dates