Form 4: AppLovin Corp: Principal Accounting Officer Dmitriy Dorosh Reports Stock Award

Dmitriy Dorosh, Principal Accounting Officer of AppLovin Corp, reports the acquisition of 3,390 shares of Class A Common Stock through a restricted stock unit (RSU) award.

Summary

• On October 30, 2024, Dmitriy Dorosh, the Principal Accounting Officer of AppLovin Corp, filed a Form 4.
• The filing reports the acquisition of 3,390 shares of Class A Common Stock.
• These shares were acquired through a grant of restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A common stock.
• The RSUs vest in quarterly installments, starting on February 20, 2025, with 1/4th vesting every three months thereafter, contingent upon continued service.
• Following the reported transaction, Dorosh beneficially owns 122,697 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The RSU grant aligns the Principal Accounting Officer's interests with those of the shareholders.
• Continued service is required for vesting, incentivizing Dorosh's continued contribution to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through equity grants.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of shareholders, potentially driving long-term value creation.

Key Dates