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  4. [Form 4] AppLovin Corp Insider Trading Activity

AppLovin CTO reports APP stock sales via family trusts

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

Rhea-AI Filing Summary

AppLovin Corp’s (APP) Chief Technology Officer reported multiple open-market sales of Class A common stock on 11/24/2025, all coded as sales and made under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2024. The trades were executed in numerous small blocks at weighted average prices within ranges generally between $524.48 and $562.88.

The Form 4 shows these shares were sold indirectly through two family trusts: ES48 Holdings Trust and IK50 Holdings Trust, each for the benefit of the reporting person’s immediate family members. After the transactions, ES48 Holdings Trust reported indirect beneficial ownership of 35,889 Class A shares, and IK50 Holdings Trust reported 48,637 Class A shares.

Positive

  • None.

Negative

  • None.
Insider Shikin Vasily
Role Chief Technology Officer
Sold 14,867 shs ($8.13M)
Type Security Shares Price Value
Sale Class A Common Stock 1,222 $549.35 $671K
Sale Class A Common Stock 2,137 $550.35 $1.18M
Sale Class A Common Stock 1,735 $551.46 $957K
Sale Class A Common Stock 1,204 $552.27 $665K
Sale Class A Common Stock 753 $553.39 $417K
Sale Class A Common Stock 623 $554.30 $345K
Sale Class A Common Stock 774 $555.39 $430K
Sale Class A Common Stock 49 $556.14 $27K
Sale Class A Common Stock 336 $558.25 $188K
Sale Class A Common Stock 331 $559.26 $185K
Sale Class A Common Stock 597 $560.38 $335K
Sale Class A Common Stock 297 $561.26 $167K
Sale Class A Common Stock 32 $562.75 $18K
Sale Class A Common Stock 25 $564.21 $14K
Sale Class A Common Stock 110 $524.54 $58K
Sale Class A Common Stock 238 $525.96 $125K
Sale Class A Common Stock 509 $527.19 $268K
Sale Class A Common Stock 390 $528.12 $206K
Sale Class A Common Stock 297 $529.09 $157K
Sale Class A Common Stock 93 $530.30 $49K
Sale Class A Common Stock 230 $531.11 $122K
Sale Class A Common Stock 50 $532.10 $27K
Sale Class A Common Stock 43 $533.21 $23K
Sale Class A Common Stock 187 $534.97 $100K
Sale Class A Common Stock 347 $535.74 $186K
Sale Class A Common Stock 728 $536.97 $391K
Sale Class A Common Stock 361 $537.87 $194K
Sale Class A Common Stock 617 $539.04 $333K
Sale Class A Common Stock 468 $539.68 $253K
Sale Class A Common Stock 84 $540.64 $45K
Holdings After Transaction: Class A Common Stock — 48,637 shares (Indirect, See footnote)
Footnotes (32)
  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, 2024.
  2. F10. The sales were executed in multiple trades at prices ranging from $555.99 to $556.37. 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 $557.74 to $558.70. 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 $558.91 to $559.81. 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 $560.01 to $560.62. 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 $561.16 to $561.50. 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 $562.19 to $562.88. 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 $524.48 to $524.96. 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. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.
  10. F18. The sales were executed in multiple trades at prices ranging from $525.69 to $526.58. 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 $526.69 to $527.62. 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 $548.86 to $549.85. 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. The sales were executed in multiple trades at prices ranging from $527.69 to $528.55. 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. F21. The sales were executed in multiple trades at prices ranging from $528.70 to $529.58. 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. F22. The sales were executed in multiple trades at prices ranging from $529.75 to $530.64. 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. F23. The sales were executed in multiple trades at prices ranging from $530.80 to $531.70. 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. F24. The sales were executed in multiple trades at prices ranging from $531.86 to $532.21. 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. F25. The sales were executed in multiple trades at prices ranging from $533.07 to $533.73. 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. F26. The sales were executed in multiple trades at prices ranging from $534.23 to $535.21. 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.
  20. F27. The sales were executed in multiple trades at prices ranging from $535.27 to $536.20. 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.
  21. F28. The sales were executed in multiple trades at prices ranging from $536.35 to $537.31. 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.
  22. F29. The sales were executed in multiple trades at prices ranging from $537.35 to $538.34. 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.
  23. F3. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.
  24. F30. The sales were executed in multiple trades at prices ranging from $538.37 to $539.35. 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.
  25. F31. The sales were executed in multiple trades at prices ranging from $539.39 to $540.32. 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.
  26. F32. The sales were executed in multiple trades at prices ranging from $540.44 to $540.89. 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.
  27. F4. The sales were executed in multiple trades at prices ranging from $549.86 to $550.85. 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.
  28. F5. The sales were executed in multiple trades at prices ranging from $550.89 to $551.88. 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.
  29. F6. The sales were executed in multiple trades at prices ranging from $551.89 to $552.85. 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.
  30. F7. The sales were executed in multiple trades at prices ranging from $552.89 to $553.86. 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.
  31. F8. The sales were executed in multiple trades at prices ranging from $553.90 to $554.895. 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.
  32. F9. The sales were executed in multiple trades at prices ranging from $554.90 to $555.79. 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.

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FAQ

What did AppLovin (APP) disclose in this Form 4 filing?
The filing reports that AppLovin’s Chief Technology Officer completed multiple open-market sales of Class A common stock on 11/24/2025, all reported as sale transactions.

Were the AppLovin CTO’s APP share sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan that the reporting person adopted on December 9, 2024.

What price ranges were reported for the APP stock sales on 11/24/2025?
The explanation notes that the sales occurred in multiple trades, with weighted average prices in ranges including $548.86 to $549.85 and, for other blocks, from about $524.48 to $562.88.

How are the sold AppLovin (APP) shares held in relation to the reporting person?
The shares are held indirectly through family trusts: ES48 Holdings Trust and IK50 Holdings Trust, each described as for the benefit of the reporting person’s immediate family members.

How many APP shares do the family trusts still beneficially own after these trades?
After the reported transactions, ES48 Holdings Trust is shown with 35,889 indirectly held Class A shares, and IK50 Holdings Trust with 48,637 indirectly held Class A shares.

What role does the reporting person hold at AppLovin (APP)?
The reporting person is identified as an Officer of AppLovin, specifically serving as the company’s Chief Technology Officer.
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).
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 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025
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 11/24/2025 S(1) 1,222 D $549.35(2) 44,782 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 2,137 D $550.35(4) 42,645 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 1,735 D $551.46(5) 40,910 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 1,204 D $552.27(6) 39,706 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 753 D $553.39(7) 38,953 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 623 D $554.3(8) 38,330 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 774 D $555.39(9) 37,556 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 49 D $556.14(10) 37,507 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 336 D $558.25(11) 37,171 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 331 D $559.26(12) 36,840 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 597 D $560.38(13) 36,243 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 297 D $561.26(14) 35,946 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 32 D $562.75(15) 35,914 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 25 D $564.21 35,889 I See footnote(3)
Class A Common Stock 11/24/2025 S(1) 110 D $524.54(16) 53,279 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 238 D $525.96(18) 53,041 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 509 D $527.19(19) 52,532 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 390 D $528.12(20) 52,142 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 297 D $529.09(21) 51,845 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 93 D $530.3(22) 51,752 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 230 D $531.11(23) 51,522 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 50 D $532.1(24) 51,472 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 43 D $533.21(25) 51,429 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 187 D $534.97(26) 51,242 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 347 D $535.74(27) 50,895 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 728 D $536.97(28) 50,167 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 361 D $537.87(29) 49,806 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 617 D $539.04(30) 49,189 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 468 D $539.68(31) 48,721 I See footnote(17)
Class A Common Stock 11/24/2025 S(1) 84 D $540.64(32) 48,637 I See footnote(17)
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
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, 2024.
2. The sales were executed in multiple trades at prices ranging from $548.86 to $549.85. 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 $549.86 to $550.85. 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 $550.89 to $551.88. 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 $551.89 to $552.85. 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. The sales were executed in multiple trades at prices ranging from $552.89 to $553.86. 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. The sales were executed in multiple trades at prices ranging from $553.90 to $554.895. 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 $554.90 to $555.79. 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 $555.99 to $556.37. 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 $557.74 to $558.70. 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 $558.91 to $559.81. 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 $560.01 to $560.62. 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 $561.16 to $561.50. 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 $562.19 to $562.88. 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 $524.48 to $524.96. 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. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.
18. The sales were executed in multiple trades at prices ranging from $525.69 to $526.58. 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 $526.69 to $527.62. 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. The sales were executed in multiple trades at prices ranging from $527.69 to $528.55. 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.
21. The sales were executed in multiple trades at prices ranging from $528.70 to $529.58. 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.
22. The sales were executed in multiple trades at prices ranging from $529.75 to $530.64. 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.
23. The sales were executed in multiple trades at prices ranging from $530.80 to $531.70. 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.
24. The sales were executed in multiple trades at prices ranging from $531.86 to $532.21. 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.
25. The sales were executed in multiple trades at prices ranging from $533.07 to $533.73. 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.
26. The sales were executed in multiple trades at prices ranging from $534.23 to $535.21. 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.
27. The sales were executed in multiple trades at prices ranging from $535.27 to $536.20. 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.
28. The sales were executed in multiple trades at prices ranging from $536.35 to $537.31. 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.
29. The sales were executed in multiple trades at prices ranging from $537.35 to $538.34. 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.
30. The sales were executed in multiple trades at prices ranging from $538.37 to $539.35. 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.
31. The sales were executed in multiple trades at prices ranging from $539.39 to $540.32. 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.
32. The sales were executed in multiple trades at prices ranging from $540.44 to $540.89. 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.
Remarks:
Form 3 of 5
/s/ Victoria Valenzuela, Attorney-in-fact 11/26/2025
** 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.

Source: View Original Filing on SEC EDGAR