AppLovin Corp (APP) director converts 143,791 shares and reports major gifts
Rhea-AI Filing Summary
AppLovin Corp director Herald Y. Chen reported several equity movements on 2026-08-13. He converted 143,791 shares of Class B Common Stock into the same number of Class A shares, leaving 223,676 Class B shares directly held. He also reported two bona fide gifts totaling 200,000 Class A shares, including a transfer from his direct holdings and a corresponding indirect holding by his spouse. Additional Class A shares are held indirectly through his spouse and family trusts, including grantor retained annuity trusts, as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 143,791 shares
Net Buy
7 txns
Insider
Chen Herald Y
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6 | 143,791 | -- | -- |
| Conversion | Class A Common Stock F1 | 143,791 | $0.00 | $0.00 |
| Gift | Class A Common Stock F1 | 100,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock F2 | 100,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 223,676 shares (Direct);
Class A Common Stock — 151,245 shares (Direct);
Class A Common Stock — 440,000 shares (Indirect, See footnote)
Footnotes (6)
- F1. Certain of these securities are represented by Restricted Stock Units ("RSUs").
- F2. Shares are held by the Reporting Person's spouse.
- F3. Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
- F4. Shares are held by a grantor retained annuity trust ("GRAT") for which the Reporting Person serves as trustee and sole annuitant. The shares were contributed to the GRAT in March 2026 in a transaction exempt from Section 16 pursuant to Rule 16a-8(b)(2). The Reporting Person's filing subsequent to that date inadvertently reflected these shares as held by the Reporting Person.
- F5. Shares are held by a GRAT for which the Reporting Person's spouse serves as trustee and sole annuitant. The shares were contributed to the GRAT in March 2026 in a transaction exempt from Section 16 pursuant to Rule 16a-8(b)(2). The Reporting Person's filing subsequent to that date inadvertently reflected these shares as held by the Reporting Person's spouse.
- F6. Shares of Class B Common Stock are exchangeable at any time, at the option of the Reporting Person and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock.
Key Figures
Class B shares converted: 143,791 shares
Class B shares following conversion: 223,676 shares
Gifted Class A shares (direct disposition): 100,000 shares
+3 more
6 metrics
Class B shares converted
143,791 shares
Conversion of Class B Common Stock into Class A Common Stock on 2026-08-13
Class B shares following conversion
223,676 shares
Directly held Class B Common Stock after the reported conversion
Gifted Class A shares (direct disposition)
100,000 shares
Bona fide gift disposition from direct holdings of Class A Common Stock
Gifted Class A shares (indirect acquisition)
100,000 shares
Bona fide gift acquisition of Class A shares held indirectly by spouse
Total gifted Class A shares
200,000 shares
Sum of two bona fide gift transactions reported on 2026-08-13
Exercise/Conversion events
1 transaction, 143,791 shares
Single derivative conversion of Class B into Class A Common Stock
Key Terms
Restricted Stock Units ("RSUs"), bona fide gift, grantor retained annuity trust ("GRAT"), Rule 16a-8(b)(2), +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Certain of these securities are represented by Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust ("GRAT") financial
"Shares are held by a grantor retained annuity trust ("GRAT") for which the Reporting Person serves"
Rule 16a-8(b)(2) regulatory
"transaction exempt from Section 16 pursuant to Rule 16a-8(b)(2)."
Class B Common Stock financial
"Shares of Class B Common Stock are exchangeable at any time"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What did AppLovin (APP) director Herald Y. Chen report in this Form 4?
Herald Y. Chen reported a conversion of 143,791 Class B shares into Class A and two bona fide gifts totaling 200,000 Class A shares, along with updated disclosure of indirect holdings through his spouse and family trusts.
What bona fide gifts of AppLovin (APP) stock did Herald Y. Chen report?
He reported two bona fide gift transactions totaling 200,000 Class A shares: a 100,000-share disposition from his direct holdings and a corresponding 100,000-share acquisition held indirectly by his spouse, as described in the footnotes.
Are any of Herald Y. Chen’s AppLovin (APP) holdings represented by RSUs?
Yes. A footnote states that certain reported securities are represented by Restricted Stock Units ("RSUs"). These RSUs relate to the Class A Common Stock entries that reference the RSU footnote, rather than to the Class B shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
