AppLovin (NASDAQ: APP) director sells 3,076 shares under 10b5-1 plan
Rhea-AI Filing Summary
AppLovin director Maynard G. Webb Jr. reported mixed insider activity in Class A Common Stock. On 2026-06-05, Webb Investment Network, an entity wholly owned by him and his spouse, sold a total of 3,076 shares in multiple open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on 2026-03-03, at weighted average prices in the high-$570s to low-$590s per share. On 2026-06-03, he also acquired 525 restricted stock units (RSUs) directly, each representing one share of Class A Common Stock, which are scheduled to vest in full on the earlier of the one-year anniversary of the grant date or the day before the next annual meeting, contingent on his continued service as an outside director.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 400 | $577.83 | $231K |
| Sale | Class A Common Stock | 1,160 | $578.63 | $671K |
| Sale | Class A Common Stock | 240 | $580.25 | $139K |
| Sale | Class A Common Stock | 210 | $581.58 | $122K |
| Sale | Class A Common Stock | 560 | $584.52 | $327K |
| Sale | Class A Common Stock | 22 | $587.30 | $13K |
| Sale | Class A Common Stock | 320 | $591.02 | $189K |
| Sale | Class A Common Stock | 164 | $593.00 | $97K |
| Grant/Award | Class A Common Stock | 525 | $0.00 | $0.00 |
Footnotes (11)
- F1. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock. 100% of the RSUs shall vest on the earlier of (i) the one-year anniversary of the date the Annual Award is granted or (ii) the day prior to the date of the Annual Meeting next following the date the Annual Award is granted, subject to the Outside Director continuing to be a Service Provider through the applicable vesting date.
- F10. The sales were executed in multiple trades at prices ranging from $590.92 to $591.48. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F11. The sales were executed in multiple trades at prices ranging from $592.675 to $593.65. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F2. Certain of these securities are represented by RSUs.
- F3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 3, 2026.
- F4. The sales were executed in multiple trades at prices ranging from $577.415 to $578.40. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F5. Shares are held by Webb Investment Network, an entity wholly owned by the Reporting Person and the Reporting Person's spouse.
- F6. The sales were executed in multiple trades at prices ranging from $578.59 to $579.00. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F7. The sales were executed in multiple trades at prices ranging from $579.76 to $580.705. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F8. The sales were executed in multiple trades at prices ranging from $581.315 to $581.94. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F9. The sales were executed in multiple trades at prices ranging from $583.99 to $584.905. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
Rule 10b5-1 trading plan regulatory
weighted average sale price financial
Service Provider other
outside director financial
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