Form 4: AppLovin Corp President & CFO Sells Shares
Insider Trading Disclosure
AppLovin Corp's President and CFO, Herald Chen, sold 400 shares of Class A Common Stock on December 9, 2024.
Summary
- Herald Chen, President and CFO of AppLovin Corp, sold a total of 400 shares of Class A Common Stock on December 9, 2024.
- The shares were sold in two transactions: 100 shares at a weighted average price of $364.00 and 300 shares at a weighted average price of $366.88.
- The sales were executed in multiple trades with prices ranging from $366.50 to $367.49.
- The shares are held by The Chen Family 2012 Irrevocable Trust, for which Mr. Chen and his spouse serve as trustees.
- Mr. Chen has committed to providing full information regarding the number of shares sold at each separate sale price upon request.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of a stock sale by an executive, which is a common occurrence and does not inherently indicate positive or negative sentiment.
Management Comments
- The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
Industry Context
This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It does not appear to indicate any significant change in the company's outlook or performance.
Comparison to Industry Standards
- Insider trading disclosures are a standard practice for publicly listed companies, and this transaction is consistent with typical reporting requirements.
- The sale of shares by a company executive is not unusual and does not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The sale of shares by an executive may be of interest to shareholders, but it is not necessarily indicative of a change in the company's performance or outlook.
Key Dates
| Date | Description |
|---|---|
| 2024-12-09 | Date of the stock sales by Herald Chen. |
| 2024-12-10 | Date of the filing of the transaction. |
Keywords
AppLovin Corp, Herald Chen, stock sale, insider trading, Class A Common Stock, executive sale
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