APP.NASDAQApplovin CORP

Form 4: AppLovin Corp Executive Victoria Valenzuela Sells Shares Under 10b5-1 Plan

Sentiment:

SEC Form 4

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Victoria Valenzuela, CLO & Corp. Secretary of AppLovin Corp, sold shares of Class A Common Stock on May 22, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

  • On May 22, 2024, Victoria Valenzuela, the CLO & Corp. Secretary of AppLovin Corp, sold shares of Class A Common Stock.
  • The sales were executed under a Rule 10b5-1 trading plan adopted on September 11, 2023.
  • A total of 2,890 shares were sold in multiple transactions at varying prices.
  • The prices ranged from $79.73 to $83.94 per share.
  • Following the reported transactions, Valenzuela still beneficially owns 448,490 shares of Class A Common Stock.
  • Some of these securities are represented by RSUs (Restricted Stock Units).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider selling activity. The sentiment is neutral as it simply reports transactions under a pre-arranged plan.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

  • The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

DateDescription
09/11/2023Date the Reporting Person adopted the Rule 10b5-1 trading plan
05/22/2024Date of the reported transactions (sale of shares)
05/24/2024Date of signature for the Form 4 filing

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