Form 4: AppLovin Director Eduardo Vivas Reports RSU Grant and Ownership Clarification

AppLovin Corp. Director Eduardo Vivas reported the acquisition of 720 Class A Common Stock Restricted Stock Units (RSUs) and clarified his beneficial ownership, excluding shares held by family trusts.

Summary

• AppLovin Corp. Director Eduardo Vivas acquired 720 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 4, 2025.
• These RSUs were granted at a price of $0.00 per share, indicating they are part of a compensation package.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The RSUs are scheduled to vest 100% on the earlier of (i) the one-year anniversary of the grant date or (ii) the day prior to the next Annual Meeting, contingent on Mr. Vivas's continued service as an Outside Director.
• Following this transaction, Eduardo Vivas's direct beneficial ownership stands at 7,408,292.249 shares of Class A Common Stock, including certain shares represented by RSUs.
• A significant clarification was made regarding beneficial ownership: Mr. Vivas no longer reports shares held indirectly by the Vivas Family Trust U/A/D 10/26/2020 and the Arutyunyan Family Trust U/A/D 12/1/20, as it was determined he does not have beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the alignment of director incentives with shareholder interests through equity compensation, and the increased transparency from the ownership clarification. It is not highly impactful on its own.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Eduardo Vivas aligns his interests with those of shareholders, as his compensation is tied to the company's future performance.
• The clarification of beneficial ownership enhances transparency regarding insider holdings.

Future Outlook

The RSUs granted to Director Vivas are expected to vest 100% on the earlier of the one-year anniversary of the grant date or the day prior to the next Annual Meeting, subject to his continued service.

Management Comments

• "Upon review of the Reporting Person's ownership, it was determined that the Reporting Person does not have beneficial ownership of shares held indirectly by Vivas Family Trust U/A/D 10/26/2020 and Arutyunyan Family Trust U/A/D 12/1/20. Accordingly, such shares will no longer be reported by the Reporting Person." (Statement from the Remarks section, signed by Attorney-in-fact Victoria Valenzuela)

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across publicly traded companies. The grant of Restricted Stock Units (RSUs) is a standard form of equity compensation for directors, aligning their incentives with long-term shareholder value. The clarification of beneficial ownership is also a standard practice to ensure accurate reporting of insider holdings.

Corporate Governance

Related Party Transactions

• The document clarifies that shares held by the Vivas Family Trust U/A/D 10/26/2020 and the Arutyunyan Family Trust U/A/D 12/1/20, which are related parties, are no longer reported as beneficially owned by Eduardo Vivas, following a determination that he does not have such beneficial ownership.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the company's performance, potentially benefiting shareholders through improved governance and strategic decisions. The ownership clarification provides greater transparency.

Next Steps

• Vesting of the 720 Restricted Stock Units (RSUs) for Eduardo Vivas, contingent on his continued service as an Outside Director.

Key Dates

Keywords

AppLovin Corp, APP, Eduardo Vivas, Director, Restricted Stock Units, RSU, Beneficial Ownership, SEC Form 4, Insider Transaction, Equity Compensation, Corporate Governance