[144] Applovin Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 filed for AppLovin Corporation (APP) shows a proposed sale of 30,000 common shares through Morgan Stanley Smith Barney on 08/22/2025 on NASDAQ with an aggregate market value of $13,122,747. The shares were acquired as Performance Stock Units from the issuer on 08/20/2024. The filing also lists multiple recent insider sales during the prior three months, including sales by Arash Adam Foroughi of 100,000 shares on 05/21/2025 and 90,000 shares on 08/21/2025, and several trust and LLC sales on 08/20–08/21/2025. The filer certifies no undisclosed material adverse information.

Positive

• Shares acquired as Performance Stock Units, indicating the sale stems from compensation vesting rather than unexpected transfers
• Sale will be executed through a major broker (Morgan Stanley Smith Barney), following standard procedures

Negative

• Substantial insider dispositions reported in prior months, including 100,000 and 90,000 share sales by Arash Adam Foroughi
• Large aggregate proceeds from recent insider sales (e.g., $36,751,590 and $37,893,654 listed), indicating meaningful insider liquidity

Insights

Financial Analyst

TL;DR: Routine insider liquidity: a 30,000-share sale (value $13.1M) from PSUs amid several recent large insider dispositions.

The notice documents a planned brokered sale of 30,000 common shares valued at approximately $13.1 million, acquired as performance stock units in August 2024. The filing sits alongside notable recent insider dispositions, including 100,000 and 90,000-share sales by an individual named Arash Adam Foroughi. For investors, this is observable insider selling and compensation monetization rather than operating or financial statement news. No new financial results, forward guidance, or issuer-specific adverse disclosures are included in the form.

Corporate Governance Expert

TL;DR: Documentation reflects standard Rule 144 disclosure for executive compensation vesting and subsequent liquidation.

The filing documents that the 30,000 shares originated as Performance Stock Units granted by the issuer, indicating compensation settlement followed by a Rule 144 notice for resale. Multiple related-party trusts and LLCs also reported small sales in August 2025. The form includes the required representation about absence of undisclosed material information. This is a compliance-focused filing consistent with executive liquidity events and does not itself indicate governance changes or regulatory concerns.

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	30000	13122747.00	307636373	08/22/2025	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	08/20/2024	Performance Stock Units	Issuer			30000	08/20/2024	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
THE OD TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	31	13045.13
THE JAF CHILDRENS TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	32	13462.54
THE WHK TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	32	13472.49
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	90000	37893654.00
OHF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	774	326725.05
KMF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	775	327017.14
WNF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	776	327410.81
HDF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	776	327146.10
DLF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/21/2025	775	326605.98
THE OD TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	450	182946.06
THE JAF CHILDRENS TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	451	183266.65
OHF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	10429	4216103.67
KMF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	10428	4215680.63
WNF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	10429	4215932.64
HDF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	10429	4215519.65
DLF 2020 LLC 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	10429	4216346.67
THE WHK TRUST 1100 Page Mill Road Palo Alto CA 94304	Common	08/20/2025	449	182512.62
ARASH ADAM FOROUGHI 1100 Page Mill Road Palo Alto CA 94304	Common	05/21/2025	100000	36751590.00

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 shares does the APP Form 144 propose to sell?

The notice proposes sale of 30,000 common shares of AppLovin via Morgan Stanley Smith Barney.

When and where is the planned sale scheduled?

The approximate date of sale is 08/22/2025 on NASDAQ.

How were the 30,000 shares acquired?

They were acquired on 08/20/2024 as Performance Stock Units issued by the company.

Does the filing show other insider sales recently?

Yes; the filing lists multiple sales in May and August 2025, notably 100,000 shares on 05/21/2025 and 90,000 shares on 08/21/2025 by Arash Adam Foroughi.

What is the aggregate market value reported for the 30,000 shares?

The aggregate market value shown is $13,122,747.00.