Insider and Related-Party Sales Disclosed in Applovin (APP) Form 144

Rhea-AI Filing Summary

Form 144 filed for Applovin Corporation (APP) reports a proposed sale of 10,428 common shares with an aggregate market value of $4,215,680.63, representing part of 307,636,373 shares outstanding. The sale is scheduled approximately for 08/20/2025 on NASDAQ.

The shares were acquired as founder stock on 10/01/2011 and payment was in cash. The filing also discloses multiple large common-share sales by related parties in May 2025, including a 100,000-share sale by Arash Adam Foroughi on 05/21/2025 generating $36,751,590.00 in gross proceeds. The filer certifies there is no undisclosed material adverse information.

Positive

• Full Rule 144 disclosure provided, including acquisition date (10/01/2011) and payment details
• Filer attests there is no undisclosed material adverse information about the issuer

Negative

• Significant related-party sales in May 2025, including a 100,000-share sale for $36,751,590, which may increase selling pressure
• Clustered dispositions from multiple trusts and entities at the same address could be perceived as coordinated insider liquidity

Insights

Securities Analyst

TL;DR: Significant insider and related-party sales are disclosed; proposed sale is modest relative to recent transactions but notable.

The filing shows a proposed sale of 10,428 shares valued at $4.22 million, while related parties executed much larger disposals in May 2025 (notably a 100,000-share sale for $36.75 million). For investors, clustered sales by insiders or affiliated entities can signal portfolio rebalancing or liquidity needs rather than operational issues, but they may increase short-term supply pressure on the stock. The holder acquired the shares as founder stock in 2011, indicating long-term ownership prior to these dispositions.

Corporate Governance Expert

TL;DR: Multiple related-party transactions create governance and signaling considerations despite formal compliance with Rule 144 disclosures.

The form properly discloses acquisition history and the planned sale date and exchange. However, the cluster of sales from trusts and entities at the same Palo Alto address in May 2025 suggests coordinated disposition by insiders or affiliated holders. While the filer attests no undisclosed adverse information, stakeholders will likely view the pattern of large recent sales as a governance signal worth monitoring for potential future insider liquidity events or transfers.

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

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	10428	4215680.63	307636373	08/20/2025	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	10/01/2011	Founder Stock	Issuer			10428	10/01/2011	Cash

* 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	05/21/2025	100000	36751590.00
THE OD TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	5000	1834570.50
THE WHK TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	5000	1834787.00
DLF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5457663.00
OHF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5457765.00
THE JAF CHILDRENS TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	5000	1833878.00
WNF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5457381.00
HDF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5457786.00
KMF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5458027.50

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 the Form 144 for Applovin (APP) report?

The filing reports a proposed sale of 10,428 common shares valued at $4,215,680.63, to occur approximately on 08/20/2025 on NASDAQ.

When and how were the shares being sold acquired?

The shares were acquired as founder stock on 10/01/2011 and payment was made in cash.

Were there other recent insider or related-party sales disclosed?

Yes. Multiple related parties sold common shares in May 2025, including Arash Adam Foroughi's 100,000-share sale on 05/21/2025 for $36,751,590.00 in gross proceeds.

How many shares outstanding does the filing cite?

The filing lists 307,636,373 shares outstanding for the issuer.

On which exchange is the proposed sale expected to occur?

The proposed sale is expected to occur on NASDAQ.