AppLovin Corp (NASDAQ: APP) legal chief discloses 6,327 Class A shares
Rhea-AI Filing Summary
AppLovin Corp’s Chief Legal Officer, Corina I. Cacovean, filed an initial statement of beneficial ownership reporting 6,327 shares of Class A Common Stock held directly. A portion of this position is represented by restricted stock units, each RSU convertible into one Class A share subject to vesting and continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cacovean Corina I
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 6,327 shares (Direct)
Footnotes (1)
- F1. Certain of these securities are represented by restricted stock units ("RSUs"). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continued role as a service provider to the Issuer.
Key Figures
Class A shares held: 6,327 shares
RSU-to-share ratio: 1 share per RSU
2 metrics
Class A shares held
6,327 shares
Direct holdings reported in Form 3 initial statement of beneficial ownership
RSU-to-share ratio
1 share per RSU
Each RSU represents the right to receive one share of Class A Common Stock
Key Terms
restricted stock units, Class A Common Stock, Power of Attorney
3 terms
restricted stock units financial
"Certain of these securities are represented by restricted stock units (RSUs)."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each RSU represents the right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Power of Attorney regulatory
"Remarks note: Exhibit 24 - Power of Attorney."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does AppLovin (APP) Form 3 report for Corina I. Cacovean?
It reports her initial beneficial ownership of 6,327 shares of AppLovin Class A Common Stock held directly. Some of these shares are represented by RSUs, each giving the right to receive one Class A share upon vesting and continued service.
What are the RSUs mentioned in AppLovin (APP) Form 3?
These RSUs are awards that represent the right to receive one AppLovin Class A share per unit. Delivery of shares occurs only if vesting conditions are satisfied and Corina I. Cacovean continues in her role as a service provider.
Does the AppLovin (APP) Form 3 show any stock purchase or sale?
It does not show any explicit stock purchase or sale amounts for Corina I. Cacovean. The filing instead lists a holding entry with 6,327 Class A shares after the reported event and does not specify a transaction price or share change.
Is Corina I. Cacovean’s AppLovin (APP) ownership direct or indirect?
Her reported ownership is direct, as indicated by the direct ownership code for the 6,327 shares. No indirect ownership entities, such as trusts or partnerships, are referenced in the holding entry or related footnotes in this particular Form 3.