APP (NASDAQ: APP) Form 144 lists 41,667-share sale worth $20.38M via Morgan Stanley

Rhea-AI Filing Summary

APP submitted a Form 144 notice indicating proposed sales of Common Stock through Morgan Stanley Smith Barney LLC. The filing lists $20,376,496.34 tied to 41,667 shares and records prior sales by Arash Adam Foroughi and The JAF Childrens Trust on 06/11/2026, 06/10/2026, and 03/12/2026 with disclosed share counts and dollar amounts.

Insights

Insider Transactions Specialist

Form 144 lists proposed broker-mediated sales and recent insider dispositions.

The filing shows a broker-dealer placement via Morgan Stanley Smith Barney LLC for 41,667 shares with a tied value of $20,376,496.34. It also documents prior sales by Arash Adam Foroughi and The JAF Childrens Trust on 06/11/2026, 06/10/2026, and 03/12/2026.

Cash-flow treatment and whether these represent exercises, net issuance, or open-market disposals are not specified in the excerpt; subsequent SEC filings may provide transaction completion details.

Key Figures

Proposed shares to be sold: 41,667 shares Declared value: $20,376,496.34 Shares sold 06/11/2026: 41,666 shares +5 more

8 metrics

Proposed shares to be sold 41,667 shares brokered sale via Morgan Stanley Smith Barney LLC

Declared value <money>$20,376,496.34</money> value associated with the 41,667 shares (excerpt)

Shares sold 06/11/2026 41,666 shares sale by Arash Adam Foroughi on <date>06/11/2026</date>

Sale amount 06/11/2026 <money>$20,197,493.50</money> proceeds shown for the 06/11/2026 sale

Sale 06/10/2026 (trust) 20,833 shares The JAF Childrens Trust sale on <date>06/10/2026</date>

Sale amount 06/10/2026 <money>$10,497,934.11</money> proceeds shown for the trust sale

Sale 03/12/2026 50,000 shares Arash Adam Foroughi sale on <date>03/12/2026</date>

Sale amount 03/12/2026 <money>$22,911,585.00</money> proceeds shown for the 03/12/2026 sale

Key Terms

Form 144, Performance Stock Units, Broker-Dealer (Morgan Stanley Smith Barney LLC)

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Performance Stock Units financial

"11/20/2024 | Performance Stock Units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Broker-Dealer (Morgan Stanley Smith Barney LLC) financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	41667	20376496.34	305732000	06/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/20/2024	Performance Stock Units	Issuer			41667	11/20/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	06/11/2026	41666	20197493.50
THE JAF CHILDRENS TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	06/10/2026	20833	10497934.11
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	03/12/2026	50000	22911585.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does APP's Form 144 disclose about the sale?

The Form 144 discloses a proposed sale of 41,667 shares through Morgan Stanley Smith Barney LLC valued at $20,376,496.34. The notice lists the broker-dealer, security type, and an effective date of 06/12/2026.

Who sold shares in the past three months for APP according to the filing?

The filing records sales by Arash Adam Foroughi and The JAF Childrens Trust on 06/11/2026, 06/10/2026, and 03/12/2026, with disclosed share counts and proceeds for each transaction.

Which broker-dealer is named in APP's Form 144?

The Form 144 names Morgan Stanley Smith Barney LLC as the broker-dealer handling the proposed sale of Common Stock, with an indicated sale date of 06/12/2026 in the excerpt.

Does the Form 144 show how proceeds will be used by APP?

No. The excerpt lists sale quantities and dollar amounts but does not state how proceeds will be used. The filing focuses on proposed sales and recent dispositions rather than use-of-proceeds details.