AppLovin director converts and gifts 150K shares

AppLovin Corp director Herald Y. Chen reported multiple share movements.

Rhea-AI Filing Summary

AppLovin Corp director Herald Y. Chen reported multiple share movements. He converted 150,000 shares of Class B common stock into 150,000 shares of Class A common stock through a derivative conversion, with no stated cash price per share.

On the same date, Chen made bona fide gifts totaling 200,000 shares of Class A common stock, split between directly held and indirectly held positions. After these transactions, he directly holds 206,929 shares of Class A common stock and indirectly holds additional Class A shares through his spouse and The Chen Family 2012 Irrevocable Trust, as noted in the footnotes.

Insider Trade Summary

150,000 shares exercised/converted

Exercise 5 txns

Insider Chen Herald Y

Role Director

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	150,000	$0.00	$0.00
Conversion	Class A Common Stock	150,000	$0.00	$0.00
Gift	Class A Common Stock	100,000	$0.00	$0.00
Gift	Class A Common Stock	100,000	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 367,467 contracts (Direct); Class A Common Stock — 206,929 shares (Direct); Class A Common Stock — 240,000 shares (Indirect, See footnote)

Footnotes (4)

1. F1. Certain of these securities are represented by Restricted Stock Units ("RSUs").
2. F2. Shares are held by the Reporting Person's spouse.
3. F3. Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
4. F4. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Herald Y. Chen report for AppLovin (APP)?

Herald Y. Chen reported converting 150,000 Class B shares into Class A shares and making bona fide gifts totaling 200,000 Class A shares. The filing also updates his direct and indirect ownership in AppLovin following these derivative conversion and gift transactions.

How many AppLovin (APP) shares did Herald Y. Chen acquire via conversion?

Herald Y. Chen acquired 150,000 shares of AppLovin Class A common stock through a derivative conversion of 150,000 Class B shares. The transaction was coded “C” for conversion and carried a reported price per share of $0.0000 in the Form 4 data.

How many AppLovin (APP) shares did Herald Y. Chen transfer as gifts?

Herald Y. Chen disposed of 200,000 shares of AppLovin Class A common stock as bona fide gifts. These disposals were reported under transaction code “G,” split between directly held and indirectly held positions, reflecting non-sale transfers rather than open-market selling activity.

What is Herald Y. Chen’s direct AppLovin (APP) Class A share ownership after the transactions?

After the reported transactions, Herald Y. Chen directly holds 206,929 shares of AppLovin Class A common stock. This balance reflects the 150,000-share derivative conversion into Class A and the subsequent 100,000-share gift coded as a bona fide gift disposition.

How are indirect AppLovin (APP) holdings reported for Herald Y. Chen?

Indirect AppLovin Class A holdings are reported as being held by Chen’s spouse and The Chen Family 2012 Irrevocable Trust. Footnotes explain that he and his spouse serve as trustees for the trust, and certain securities are also represented by Restricted Stock Units, clarifying indirect ownership structure.

What do the Form 4 gift transactions for AppLovin (APP) signify?

The Form 4 shows bona fide gifts of AppLovin Class A shares, coded “G,” indicating non-cash, non-sale transfers. These gifts reduce Chen’s reported holdings but do not represent market sales, distinguishing them from typical buy or sell transactions in trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/18/2026 - 04:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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).

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^*

Chen Herald Y

(Last) (First) (Middle)

1100 PAGE MILL ROAD

(Street)

PALO ALTO CA 94304

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AppLovin Corp [ APP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/13/2026		C		150,000	A	$0.00	306,929(1)	D
Class A Common Stock	02/13/2026		G		100,000	D	$0.00	206,929(1)	D
Class A Common Stock	02/13/2026		G		100,000	A	$0.00	100,000	I	See footnote(2)
Class A Common Stock								140,000	I	See footnote(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(4)	02/13/2026		C			150,000	(4)	(4)	Class A Common Stock	150,000	(4)	367,467	D

Explanation of Responses:

1. Certain of these securities are represented by Restricted Stock Units ("RSUs").

2. Shares are held by the Reporting Person's spouse.

3. Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.

4. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Victoria Valenzuela, Attorney-in-fact	02/18/2026
	** Signature of Reporting Person	Date
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.