Form 4: AppLovin Corp President & CFO Herald Y. Chen Sells Shares

Herald Y. Chen, President & CFO of AppLovin Corp, sold shares of Class A Common Stock on March 14, 2024, while also converting and selling Class B Common Stock.

Summary

• On March 14, 2024, Herald Y. Chen, the President & CFO of AppLovin Corp, executed transactions involving the company's stock.
• Chen sold 144,200 shares of Class A Common Stock at a weighted average price of $63.01, with individual sales ranging from $62.51 to $63.44.
• An additional 5,800 shares of Class A Common Stock were sold at a weighted average price of $63.89, with individual sales ranging from $63.51 to $64.30.
• 69,801 shares of Class B Common Stock were converted into Class A Common Stock and sold.
• Following these transactions, Chen directly owns 212,418 shares of Class A Common Stock and indirectly owns 50,000 shares of Class A Common Stock through The Chen Family 2012 Irrevocable Trust.
• Chen also indirectly owns 330,000 shares of Class A Common Stock through derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The sales are pre-planned under a 10b5-1 plan.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares of their company's stock for personal financial management reasons.

Stakeholder Impact

• The sale of shares by a high-ranking executive could potentially create uncertainty among investors, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates