APP Form 144 Discloses 449 Founder Shares Sale; May Insider Dispositions Noted

Rhea-AI Filing Summary

Applovin Corporation (APP) filing a Form 144 notifies a proposed sale of 449 founder shares of Common stock, with an aggregate market value of $182,512.62, planned approximately on 08/20/2025 and to be executed through Morgan Stanley Smith Barney LLC on NASDAQ. The table shows these shares were originally acquired as founder stock on 10/01/2011 and payment was in cash. The filing also discloses multiple related-party or insider sales during May 2025 totaling large share quantities, including a sale of 100,000 shares on 05/21/2025 generating $36,751,590.00.

Insights

Financial Analyst

TL;DR: Small planned founder sale amid recent, large insider dispositions; monitor share supply and investor reaction.

The Form 144 reports a relatively modest intended sale of 449 founder shares valued at about $182.5k, executed through a major broker and dated for August 20, 2025. Material context comes from disclosed prior sales in May 2025, notably a 100,000-share sale raising $36.75M and several other sizable transfers by affiliated entities. For investors, this filing documents liquidity events by insiders and related parties rather than operational metrics; it signals increased secondary supply but does not itself provide company performance data.

Corporate Governance Expert

TL;DR: Multiple insider and affiliated-entity sales in May plus a planned founder sale raise governance and signaling questions.

The filing shows founder-originated shares and multiple sales by named individuals and affiliated trusts/LLCs located at the same address, suggesting coordinated disposition by insiders or related parties. While Form 144s are routine disclosures under Rule 144, the cluster of large sales in May 2025 could be seen as negative signal transmission to the market about insider liquidity needs or portfolio rebalancing. The filing includes the required representation that the seller is unaware of undisclosed material adverse information.

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	449	182512.62	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			449	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
KMF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	05/20/2025	15000	5458027.50
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

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 Applovin's (APP) Form 144 report?

The Form 144 reports a proposed sale of 449 founder shares valued at $182,512.62, planned for 08/20/2025, executed through Morgan Stanley Smith Barney LLC on NASDAQ.

When were the securities to be sold originally acquired?

The 449 shares were acquired as founder stock on 10/01/2011 and paid in cash on that date.

Were there recent insider sales disclosed in this filing for APP?

Yes. The filing lists multiple sales in May 2025, including a 100,000-share sale on 05/21/2025 that generated $36,751,590.00.

Through which broker will the planned sale be executed?

The planned 08/20/2025 sale is to be executed through Morgan Stanley Smith Barney LLC.

Does the filer state knowledge of any undisclosed material adverse information?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.