APP Form 144 Filed for 31 Founder Shares; Affiliate Sales Also Listed

Rhea-AI Filing Summary

Applovin Corporation (APP) Form 144 notice records a proposed Rule 144 sale of 31 common shares by a founder who acquired the shares as founder stock on 10/01/2011 and paid cash. The securities are to be sold through Morgan Stanley Smith Barney on 08/21/2025 on NASDAQ. The filing shows 31 shares outstanding for this sale against a company share count of 307,636,373, giving context that this sale is immaterial in size relative to total outstanding shares. The form also lists multiple related sales earlier in August 2025 and a large sale of 100,000 shares on 05/21/2025 by Arash Adam Foroughi.

Positive

• Compliance with Rule 144 is documented, showing adherence to resale regulations
• Founder shares explicitly disclosed with acquisition date and payment method (cash)

Negative

• Insider/affiliate sales activity observed: multiple entity sales on 08/20/2025 and a 100,000-share sale on 05/21/2025 may increase float

Insights

Securities Analyst

TL;DR Small founder sale filed under Rule 144; immaterial relative to total outstanding but shows insider liquidity activity.

The 31-share sale is de minimis compared with 307,636,373 shares outstanding, so it is unlikely to move the market or alter capitalization. However, the filing should be viewed alongside multiple contemporaneous trust and entity sales dated 08/20/2025 and a prior 100,000-share sale on 05/21/2025 by the named insider, which indicate ongoing insider or affiliate disposition activity. For investors, the isolated 31-share filing is procedural and not material, though cumulative insider sales may warrant monitoring.

Corporate Governance Expert

TL;DR Routine compliance disclosure; represents an insider complying with resale rules, not a governance red flag by itself.

The notice documents compliance with Rule 144 for founder stock acquired in 2011 and sold via a registered broker. The signature representation affirms no undisclosed material adverse information. Given the small size of the filing and the presence of larger, separately reported sales by affiliated trusts and an individual, this appears to be standard insider liquidity rather than a governance concern. Continued pattern of large affiliated sales could, however, merit attention for share supply effects.

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	31	13045.13	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			31	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 Applovin Corp (APP) disclosed in this Form 144?

The filing notifies a proposed sale of 31 common shares by a founder through Morgan Stanley Smith Barney on 08/21/2025 under Rule 144.

How large is the proposed sale relative to APP's shares outstanding?

The proposed sale is 31 shares versus 307,636,373 shares outstanding, making it immaterial in size.

Were there other recent insider or affiliate sales disclosed?

Yes. The filing lists multiple entity sales on 08/20/2025 10,000-share transactions) and a 100,000-share sale by Arash Adam Foroughi on 05/21/2025.

Who is the broker handling the sale?

The broker named is Morgan Stanley Smith Barney LLC Executive Financial Services located in New York.

When were the shares being sold originally acquired?

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