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 selling Class A Common Stock in multiple transactions executed on March 8, 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 detailing the sale of Class A Common Stock on March 8, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 8, 2023.
• Multiple transactions occurred at varying prices: some shares were sold at a weighted average price of $63.42, others at $64.22, and the rest at $65.15.
• The total number of shares sold was 12,750.
• Following these transactions, Jansen directly owns 1,264,284 shares of Class A Common Stock.
• Jansen also indirectly owns shares through The Jansen Family Trust, Cha Cha LLC, and Mega Air LLC.
• Jansen disclaims beneficial ownership of shares held by Cha Cha LLC and Mega Air LLC, which are for the benefit of her children.

Sentiment

Score: 5

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

Industry Context

Executive stock sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates