APP insider plans sale of 16,599 shares via Morgan Stanley — Form 144
Rhea-AI Filing Summary
Applovin Corporation (APP) Form 144 notice: The filing notifies a proposed sale of 16,599 common shares through Morgan Stanley Smith Barney LLC on 08/21/2025 on NASDAQ, with an aggregate market value of $6,845,095.62 and 307,636,373 shares outstanding. The securities were acquired as Restricted Stock Units from the issuer: 10,000 RSUs dated 02/20/2024 (paid 02/20/2024) and 6,599 RSUs dated 08/20/2025 (paid 08/20/2025). The filer reports no securities sold in the past three months and includes the standard representation about no undisclosed material adverse information and Rule 10b5-1 language.
Positive
- None.
Negative
- None.
Insights
TL;DR: A scheduled insider sale of 16,599 APP shares via Morgan Stanley, sourced from RSUs; routine disclosure with limited material impact.
The Form 144 documents a proposed sale rather than an immediate market transaction and identifies the shares as Restricted Stock Units issued by the company. The aggregate value reported is $6.85 million and the sale is routed through Morgan Stanley Smith Barney LLC on NASDAQ. The filing notes no other sales in the prior three months and includes the standard attestation regarding material nonpublic information. Given the size relative to the 307.6 million shares outstanding, this appears procedural and consistent with executive compensation vesting and planned disposition.
TL;DR: Disclosure aligns with Rule 144 requirements for planned sale of vested RSUs; contains standard compliance language.
The notice specifies acquisition dates and the nature of acquisition (Restricted Stock Units) and provides broker details and sale timing. The inclusion of the Rule 10b5-1/attestation language indicates awareness of insider-trading compliance norms. No recent sales in the last three months are reported. From a governance perspective, the filing is complete for a Form 144 and conveys routine insider liquidity activity rather than a governance or control change.