Form 4: AppLovin Corp: Principal Accounting Officer Dmitriy Dorosh Reports Tax Withholding

Dmitriy Dorosh, Principal Accounting Officer of AppLovin Corp, reports the withholding of shares to cover income tax obligations related to vested Restricted Stock Units (RSUs).

Summary

• On August 20, 2024, Dmitriy Dorosh, the Principal Accounting Officer of AppLovin Corp, had 4,948 shares of Class A Common Stock withheld by the issuer to cover income tax and withholding obligations related to the vesting and net settlement of previously reported Restricted Stock Units (RSUs).
• The price per share for the transaction was $86.58.
• Following the transaction, Dorosh beneficially owns 119,307 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the vesting of RSUs.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Tax withholding practices related to RSU vesting are standard across publicly traded companies.
• Companies like Meta, Google, and Microsoft also regularly report similar transactions for their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding process.

Key Dates