Form 4: AppLovin Corp's Chief Marketing Officer, Katie Kihorany Jansen, Executes Stock Sales Under 10b5-1 Plan

Katie Kihorany Jansen, Chief Marketing Officer of AppLovin Corp, reports multiple sales of Class A Common Stock executed on May 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Katie Kihorany Jansen, the Chief Marketing Officer of AppLovin Corp, filed a Form 4 disclosing sales of Class A Common Stock.
• The transactions occurred on May 23, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 8, 2023.
• A total of 12,755 shares were sold at varying prices.
• The price per share ranged from $78.53 to $81.1.
• Following the reported transactions, Jansen directly owns 1,236,703 shares of Class A Common Stock and indirectly owns 6,086 shares through The Jansen Family Trust.
• The filing was signed by Victoria Valenzuela, Attorney-in-fact, on May 24, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

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 stock sales by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates