Form 4: AppLovin Director Gifts 25,000 Shares of Class A Stock

AppLovin Corp. Director Herald Y Chen reported a gift of 25,000 Class A Common Stock shares on December 9, 2025.

Summary

• Herald Y Chen, a Director of AppLovin Corp. (APP), reported a disposition of 25,000 shares of Class A Common Stock.
• The transaction occurred on December 9, 2025, and was coded as a gift (G) with a price of $0.00 per share.
• Following this transaction, Chen directly beneficially owns 156,929 shares, which include Restricted Stock Units (RSUs).
• Additionally, Chen indirectly beneficially owns 140,000 shares through The Chen Family 2012 Irrevocable Trust, for which he and his spouse serve as trustees.

Sentiment

Score: 5

Explanation: The filing reports a director's gift of shares, which is a personal estate planning transaction and does not reflect on the company's operational or financial performance.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of 140,000 Class A Common Stock shares is held by The Chen Family 2012 Irrevocable Trust, for which the reporting person and his spouse serve as trustees.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of a director has decreased by 25,000 shares due to a gift, which is a personal transaction and not a sale into the open market. The overall beneficial ownership (direct and indirect) remains substantial.

Key Dates

Recommendation

The filing details a routine insider transaction (a gift of shares) by a director. This type of personal transaction does not provide new information regarding the company's operational performance, financial health, or strategic direction that would necessitate a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

AppLovin, APP, Herald Y Chen, Director, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Class A Common Stock