Form 4: AppLovin Director Herald Chen Receives RSU Grant

Director Herald Y. Chen acquired 525 restricted stock units as part of an annual equity award for AppLovin Corp.

Summary

• Director Herald Y. Chen was granted 525 restricted stock units (RSUs) on June 3, 2026.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The RSUs are scheduled to vest on the earlier of the one-year anniversary of the grant or the day prior to the next annual meeting.
• Following this transaction, the director holds 207,454 shares directly, with additional indirect holdings through a spouse and a family trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

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.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure board members maintain a vested interest in the company's long-term performance.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for technology companies of similar market capitalization.
• The vesting schedule aligns with typical annual equity award cycles for public company board members.

Related Party Transactions

• The reporting person holds shares indirectly through his spouse and The Chen Family 2012 Irrevocable Trust.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation event for a director.

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

Keywords

AppLovin, APP, Insider Trading, Form 4, Equity Compensation, Director Compensation