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Rule 10b5-1 sales by AppLovin (APP) CTO-linked family trusts detailed

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

AppLovin Corp chief technology officer Vasily Shikin reported a series of open-market sales of Class A common stock indirectly held through family trusts. On May 22, 2026, trusts associated with him sold a total of 15,915 shares across 30 transactions under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025. The trades were executed at weighted-average prices within disclosed ranges, with sale prices spanning approximately $477.09 to $493.22 per share. Individual transaction lines show remaining indirect holdings after each sale.

Positive

  • None.

Negative

  • None.

Insights

CTO-linked family trusts executed pre-planned open-market sales totaling 15,915 AppLovin shares.

The filing shows Vasily Shikin, AppLovin’s chief technology officer, reported indirect open-market sales of 15,915 Class A shares on May 22, 2026. The shares are held by family trusts, including IS37, ES48, and IK50 Holdings Trusts, rather than directly in his own name.

The trades occurred at weighted-average prices within detailed ranges from roughly $477.09 to $493.22 per share. A footnote confirms all transactions were made pursuant to a Rule 10b5-1 trading plan adopted on December 9, 2025, indicating they were pre-scheduled rather than timed discretionarily.

Because these are indirect, pre-planned sales with no derivative exercises or tax-withholding events reported, they typically carry limited signaling value about management’s view of the stock. Subsequent company filings may provide additional context on any further changes in indirect trust holdings.

Insider Shikin Vasily
Role Chief Technology Officer
Sold 15,915 shs ($7.70M)
Type Security Shares Price Value
Sale Class A Common Stock 386 $490.71 $189K
Sale Class A Common Stock 366 $491.95 $180K
Sale Class A Common Stock 104 $492.75 $51K
Sale Class A Common Stock 4 $493.66 $2K
Sale Class A Common Stock 84 $477.71 $40K
Sale Class A Common Stock 201 $478.82 $96K
Sale Class A Common Stock 851 $479.86 $408K
Sale Class A Common Stock 933 $480.73 $449K
Sale Class A Common Stock 1,403 $481.64 $676K
Sale Class A Common Stock 489 $482.71 $236K
Sale Class A Common Stock 619 $483.69 $299K
Sale Class A Common Stock 808 $484.75 $392K
Sale Class A Common Stock 695 $485.81 $338K
Sale Class A Common Stock 942 $486.68 $458K
Sale Class A Common Stock 396 $487.66 $193K
Sale Class A Common Stock 254 $488.74 $124K
Sale Class A Common Stock 436 $489.76 $214K
Sale Class A Common Stock 387 $490.71 $190K
Sale Class A Common Stock 366 $491.95 $180K
Sale Class A Common Stock 104 $492.75 $51K
Sale Class A Common Stock 4 $493.66 $2K
Sale Class A Common Stock 84 $477.71 $40K
Sale Class A Common Stock 202 $478.82 $97K
Sale Class A Common Stock 850 $479.86 $408K
Sale Class A Common Stock 933 $480.73 $449K
Sale Class A Common Stock 1,403 $481.64 $676K
Sale Class A Common Stock 489 $482.71 $236K
Sale Class A Common Stock 620 $483.69 $300K
Sale Class A Common Stock 807 $484.76 $391K
Sale Class A Common Stock 695 $485.81 $338K
Holdings After Transaction: Class A Common Stock — 20,834 shares (Indirect, See footnote)
Footnotes (20)
  1. F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2025.
  2. F10. The sales were executed in multiple trades at prices ranging from $480.21 to $481.20. 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.
  3. F11. The sales were executed in multiple trades at prices ranging from $481.21 to $482.18. 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.
  4. F12. The sales were executed in multiple trades at prices ranging from $482.22 to $483.21. 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.
  5. F13. The sales were executed in multiple trades at prices ranging from $483.22 to $484.20. 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.
  6. F14. The sales were executed in multiple trades at prices ranging from $484.23 to $485.21. 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.
  7. F15. The sales were executed in multiple trades at prices ranging from $485.23 to $486.225. 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.
  8. F16. The sales were executed in multiple trades at prices ranging from $486.23 to $487.225. 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.
  9. F17. The sales were executed in multiple trades at prices ranging from $487.23 to $488.21. 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.
  10. F18. The sales were executed in multiple trades at prices ranging from $488.24 to $489.21. 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.
  11. F19. The sales were executed in multiple trades at prices ranging from $489.25 to $490.24. 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.
  12. F2. The sales were executed in multiple trades at prices ranging from $490.27 to $491.22. 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.
  13. F20. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.
  14. F3. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.
  15. F4. The sales were executed in multiple trades at prices ranging from $491.32 to $492.27. 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.
  16. F5. The sales were executed in multiple trades at prices ranging from $492.46 to $493.22. 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.
  17. F6. The sales were executed in multiple trades at prices ranging from $477.09 to $478.07. 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.
  18. F7. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.
  19. F8. The sales were executed in multiple trades at prices ranging from $478.20 to $479.17. 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.
  20. F9. The sales were executed in multiple trades at prices ranging from $479.205 to $480.20. 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.
Shares sold 15,915 shares Total Class A shares sold on May 22, 2026, across 30 trades
Number of sale transactions 30 transactions Open-market sale entries in the transaction summary
Lowest disclosed price range $477.09–$478.07 One set of multiple trades’ weighted-average sale price range
Highest disclosed price range $492.46–$493.22 Another set of trades’ weighted-average sale price range
Example sale price $480.73 per share One transaction’s weighted-average sale price for 933 shares
Example remaining holdings 26,833 shares Indirect holdings after a sale of 84 shares at $477.71
Rule 10b5-1 trading plan financial
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
Class A Common Stock financial
"security_title": "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.
indirect ownership financial
""direct_or_indirect": "I", "ownership_type": "indirect""
immediate family members financial
"for the benefit of the Reporting Person's immediate family members."

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FAQ

What did AppLovin (APP) disclose in Vasily Shikin’s latest Form 4?
The Form 4 reports that trusts associated with CTO Vasily Shikin sold 15,915 shares of AppLovin Class A common stock on May 22, 2026. All transactions were open-market sales executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025.

How many AppLovin shares were sold and at what prices in this Form 4?
Family trusts linked to CTO Vasily Shikin sold a total of 15,915 AppLovin Class A shares across 30 transactions. The filing discloses multiple weighted-average price ranges, with sale prices spanning approximately $477.09 to $493.22 per share for the reported trades.

Were Vasily Shikin’s AppLovin share sales made under a Rule 10b5-1 plan?
Yes. A footnote states the reported sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2025. Such plans pre-schedule trades, so the timing of the May 22, 2026 sales was set in advance.

Are the AppLovin shares in this Form 4 held directly by Vasily Shikin?
No. The filing notes the shares are held indirectly through family trusts, including IS37 Holdings Trust, ES48 Holdings Trust, and IK50 Holdings Trust. One trust lists Shikin’s spouse as trustee, and others are for the benefit of his immediate family members.

What type of transactions are reported in AppLovin CTO’s Form 4?
All reported transactions are non-derivative Class A Common Stock sales coded “S” for open-market or private transactions. The transaction summary shows 30 sale entries, no option exercises, no gifts, and no tax-withholding dispositions, indicating purely open-market sales activity.

Does the Form 4 show remaining AppLovin holdings after these sales?
Yes. Each transaction line includes a figure for total shares following the transaction. For example, after one sale of 84 shares at a weighted-average price of $477.71, the reported indirect holdings for that line were 26,833 shares, illustrating continuing trust ownership.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shikin Vasily
(Last)(First)(Middle)
1100 PAGE MILL ROAD
(Street)
PALO ALTO CALIFORNIA 94304
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AppLovin Corp [ APP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock05/22/2026S(1)386D$490.71(2)18,419ISee footnote(3)
Class A Common Stock05/22/2026S(1)366D$491.95(4)18,053ISee footnote(3)
Class A Common Stock05/22/2026S(1)104D$492.75(5)17,949ISee footnote(3)
Class A Common Stock05/22/2026S(1)4D$493.6617,945ISee footnote(3)
Class A Common Stock05/22/2026S(1)84D$477.71(6)26,833ISee footnote(7)
Class A Common Stock05/22/2026S(1)201D$478.82(8)26,632ISee footnote(7)
Class A Common Stock05/22/2026S(1)851D$479.86(9)25,781ISee footnote(7)
Class A Common Stock05/22/2026S(1)933D$480.73(10)24,848ISee footnote(7)
Class A Common Stock05/22/2026S(1)1,403D$481.64(11)23,445ISee footnote(7)
Class A Common Stock05/22/2026S(1)489D$482.71(12)22,956ISee footnote(7)
Class A Common Stock05/22/2026S(1)619D$483.69(13)22,337ISee footnote(7)
Class A Common Stock05/22/2026S(1)808D$484.75(14)21,529ISee footnote(7)
Class A Common Stock05/22/2026S(1)695D$485.81(15)20,834ISee footnote(7)
Class A Common Stock05/22/2026S(1)942D$486.68(16)19,892ISee footnote(7)
Class A Common Stock05/22/2026S(1)396D$487.66(17)19,496ISee footnote(7)
Class A Common Stock05/22/2026S(1)254D$488.74(18)19,242ISee footnote(7)
Class A Common Stock05/22/2026S(1)436D$489.76(19)18,806ISee footnote(7)
Class A Common Stock05/22/2026S(1)387D$490.71(2)18,419ISee footnote(7)
Class A Common Stock05/22/2026S(1)366D$491.95(4)18,053ISee footnote(7)
Class A Common Stock05/22/2026S(1)104D$492.75(5)17,949ISee footnote(7)
Class A Common Stock05/22/2026S(1)4D$493.6617,945ISee footnote(7)
Class A Common Stock05/22/2026S(1)84D$477.71(6)26,833ISee footnote(20)
Class A Common Stock05/22/2026S(1)202D$478.82(8)26,631ISee footnote(20)
Class A Common Stock05/22/2026S(1)850D$479.86(9)25,781ISee footnote(20)
Class A Common Stock05/22/2026S(1)933D$480.73(10)24,848ISee footnote(20)
Class A Common Stock05/22/2026S(1)1,403D$481.64(11)23,445ISee footnote(20)
Class A Common Stock05/22/2026S(1)489D$482.71(12)22,956ISee footnote(20)
Class A Common Stock05/22/2026S(1)620D$483.69(13)22,336ISee footnote(20)
Class A Common Stock05/22/2026S(1)807D$484.76(14)21,529ISee footnote(20)
Class A Common Stock05/22/2026S(1)695D$485.81(15)20,834ISee footnote(20)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2025.
2. The sales were executed in multiple trades at prices ranging from $490.27 to $491.22. 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.
3. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.
4. The sales were executed in multiple trades at prices ranging from $491.32 to $492.27. 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.
5. The sales were executed in multiple trades at prices ranging from $492.46 to $493.22. 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.
6. The sales were executed in multiple trades at prices ranging from $477.09 to $478.07. 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.
7. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.
8. The sales were executed in multiple trades at prices ranging from $478.20 to $479.17. 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.
9. The sales were executed in multiple trades at prices ranging from $479.205 to $480.20. 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.
10. The sales were executed in multiple trades at prices ranging from $480.21 to $481.20. 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.
11. The sales were executed in multiple trades at prices ranging from $481.21 to $482.18. 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.
12. The sales were executed in multiple trades at prices ranging from $482.22 to $483.21. 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.
13. The sales were executed in multiple trades at prices ranging from $483.22 to $484.20. 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.
14. The sales were executed in multiple trades at prices ranging from $484.23 to $485.21. 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.
15. The sales were executed in multiple trades at prices ranging from $485.23 to $486.225. 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.
16. The sales were executed in multiple trades at prices ranging from $486.23 to $487.225. 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.
17. The sales were executed in multiple trades at prices ranging from $487.23 to $488.21. 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.
18. The sales were executed in multiple trades at prices ranging from $488.24 to $489.21. 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.
19. The sales were executed in multiple trades at prices ranging from $489.25 to $490.24. 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.
20. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.
Remarks:
Form 2 of 3
/s/ Victoria Valenzuela, Attorney-in-fact05/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR