Form 4: AppLovin Director Craig Billings Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Craig Billings was granted 525 restricted stock units as part of an annual director compensation award.
Summary
- Director Craig Billings acquired 525 restricted stock units (RSUs) of AppLovin Corp Class A Common Stock.
- The transaction occurred on June 3, 2026, at a price of $0.00 per share.
- Following this transaction, the director holds a total of 4,232 shares of Class A Common Stock.
- The RSUs are subject to a one-year vesting schedule tied to the annual meeting cycle.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified.
Risks
- Vesting is contingent upon the director remaining a service provider to the company through the vesting date.
Future Outlook
The RSUs will vest on the earlier of the one-year anniversary of the grant or the day prior to the next annual meeting, provided the director remains a service provider.
Management Comments
- Each RSU represents a contingent right to receive one share of Class A Common Stock.
Industry Context
StockSavvy.ai notes that this is a routine equity compensation disclosure for a board member, consistent with standard corporate governance practices in the technology sector.
Comparison to Industry Standards
- The use of RSUs for director compensation is standard practice among S&P 500 and NASDAQ-listed technology companies.
- The vesting schedule aligns with typical annual director equity grant cycles observed at peer companies like Unity Software or IronSource.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Appointment of company representatives to handle SEC filings for the director. | 02/05/2026 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard director compensation event.
Next Steps
- Vesting of the 525 RSUs on the earlier of the one-year anniversary or the day prior to the next annual meeting.
Key Dates
| Date | Description |
|---|---|
| 02/05/2026 | Date of Power of Attorney signature. |
| 06/03/2026 | Date of the RSU grant transaction. |
| 06/05/2026 | Date of filing. |
Keywords
AppLovin, APP, Form 4, Director Compensation, Insider Transaction, Equity Grant
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