APP Form 144 Discloses Insider Sale and May 2025 Related-Party Disposals

Rhea-AI Filing Summary

Form 144 notice for AppLovin Corporation (APP) reports a proposed sale of 10,429 common shares through Morgan Stanley Smith Barney valued at $4,215,932.64, with an approximate sale date of 08/20/2025. The filing shows 307,636,373 shares outstanding, and states the shares were acquired as Founder Stock on 10/01/2011 and paid for in cash. The filing also lists recent dispositions by related parties during May 2025, including a sale of 100,000 shares on 05/21/2025 by ARASH ADAM FOROUGHI with gross proceeds of $36,751,590.00. The filer certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Small scheduled insider sale (10,429 shares) and multiple May 2025 disposals, including a 100,000-share sale generating $36.8M.

The Form 144 notifies the market of a proposed insider sale of 10,429 shares valued at $4.216M to be executed through Morgan Stanley Smith Barney around 08/20/2025. The securities were originally acquired as founder stock in 2011. The filing also documents several related-party sales in May 2025, the largest being 100,000 shares sold for $36,751,590. Compared with the issuer's stated 307,636,373 shares outstanding, the proposed sale is a very small fraction of total share count. Disclosure is routine under Rule 144 to notify the market of intended restricted/insider sales.

Corporate Governance Expert

TL;DR: Filing is a standard compliance disclosure; multiple recent sales by related parties are documented but the scheduled sale is modest versus outstanding shares.

The filer affirms there is no undisclosed material adverse information and indicates the shares were held since 2011 as founder stock. Multiple related entities and trusts executed sales in May 2025 with aggregate gross proceeds documented (notably a $36.75M sale). From a governance perspective, timely Form 144 filings maintain regulatory transparency when insiders or affiliates sell restricted securities. The single proposed sale of 10,429 shares represents a minor portion of the company's 307.6M shares outstanding.

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	10429	4215932.64	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			10429	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)