Applovin (APP) Form 144 shows small proposed sale and large recent insider dispositions

Rhea-AI Filing Summary

Applovin Corporation (APP) notice reports a proposed sale of 32 common shares through Morgan Stanley Smith Barney with an aggregate market value of $13,472.49. The securities were acquired as founder stock on 10/01/2011 and the proposed sale location is NASDAQ. The filing lists total shares outstanding of 307,636,373 and notes multiple recent sales by related parties: several trusts and LLCs sold between 08/20/2025 (amounts ranging 449–10,429 shares) and an individual, Arash Adam Foroughi, sold 100,000 shares on 05/21/2025 for gross proceeds of $36,751,590. The filer affirms no undisclosed material adverse information and attests to the accuracy of the notice.

Positive

• Disclosure compliance: The filing provides Rule 144 notice and acquisition details, demonstrating regulatory transparency
• Acquisition traceable: The securities to be sold are identified as founder stock with acquisition date and payment method disclosed

Negative

• Large recent insider-related sales disclosed: Multiple trusts/LLCs sold blocks on 08/20/2025 and an individual sold 100,000 shares on 05/21/2025 for $36,751,590
• Concentration of sales from affiliated entities: Many sellers share the same Palo Alto address, indicating related-party dispositions which could be viewed negatively by investors

Insights

Corporate Governance Expert

TL;DR: Multiple significant insider-related sales reported; small proposed sale accompanies large recent dispositions.

The notice shows a proposed sale of 32 founder shares and discloses substantial prior sales by affiliated trusts and an individual, including a 100,000-share sale generating $36,751,590 in gross proceeds. From a governance perspective, the filing documents compliance with Rule 144 disclosure requirements but also highlights sizable insider-related liquidity events that investors may view as material. The statement that no undisclosed material adverse information exists is standard; the filing itself does not explain the rationale or any trading plans governing the sales.

Securities Analyst

TL;DR: Routine Rule 144 disclosure filed; most transactions are prior sales by trusts/LLCs, while the current notice covers a nominal 32-share sale.

Procedurally, this is a standard Form 144 notice enabling a proposed sale under Rule 144. Key facts: 32 shares proposed for sale via Morgan Stanley with market value $13,472.49, and historical sales include multiple blocks sold on 08/20/2025 and a 100,000-share sale on 05/21/2025. The small size of the current proposed sale is immaterial by itself versus the company’s outstanding shares (307,636,373), but the aggregate prior dispositions reported are sizable in dollar terms.

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	32	13472.49	307636373	08/21/2025	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			32	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
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 does the Form 144 filed for APP disclose?

The notice discloses a proposed sale of 32 common shares via Morgan Stanley with an aggregate market value of $13,472.49, acquisition as founder stock on 10/01/2011, and total shares outstanding of 307,636,373.

Who recently sold large blocks of APP stock according to the filing?

The filing lists multiple trusts and LLCs at the same Palo Alto address that sold shares on 08/20/2025 and an individual, Arash Adam Foroughi, who sold 100,000 shares on 05/21/2025 for $36,751,590.

How many APP shares are outstanding per this filing?

The filing reports 307,636,373 shares outstanding.

Through which broker is the proposed APP sale to be executed?

The proposed sale of 32 shares is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services on NASDAQ.

Were the securities to be sold purchased or received as a gift?

The securities were acquired as Founder Stock from the issuer on 10/01/2011 and payment is listed as Cash.