Form 4: AppLovin Director Todd Morgenfeld Receives RSU Grant
Statement of Changes in Beneficial Ownership
AppLovin Director Todd Morgenfeld was granted 525 restricted stock units as part of his annual director compensation.
Summary
- Director Todd R. Morgenfeld 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's total beneficial ownership stands at 14,312 shares.
- The RSUs represent a contingent right to receive one share of Class A Common Stock upon vesting.
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
- The grant aligns director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified.
Risks
- Vesting of the RSUs is contingent upon the director continuing to serve as a Service Provider through the vesting date.
Future Outlook
The RSUs are scheduled to vest on the earlier of the one-year anniversary of the grant date or the day prior to the next Annual Meeting, provided the director remains a Service Provider.
Industry Context
StockSavvy.ai notes that standard equity grants for non-employee directors are a common practice in the technology sector to ensure board alignment with corporate performance and shareholder interests.
Comparison to Industry Standards
- The grant of RSUs as part of annual director compensation is consistent with standard corporate governance practices for publicly traded technology companies.
- The vesting schedule aligns with typical one-year cliff or annual meeting-based vesting cycles observed in the industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Director authorized company personnel to file Section 16 reports on his behalf. | 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 of the grant or the day prior to the next Annual Meeting.
Key Dates
| Date | Description |
|---|---|
| 02/05/2026 | Date of Power of Attorney signature by Todd Morgenfeld. |
| 06/03/2026 | Date of the RSU grant transaction. |
| 06/05/2026 | Date of filing for the Form 4. |
Keywords
AppLovin, APP, Form 4, Insider Transaction, Director Compensation, Restricted Stock Units
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