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 .

AppLovin CTO reports APP stock sales via family trusts

Q: 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.

Q: 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 .

Q: 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 .

Q: 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.

Q: 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 .

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

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.

Insider Trade Summary

Net Seller: 14,867 shares ($8,131,244)

Net Sell 30 txns

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 — 44,782 shares (Indirect, See footnote)

Footnotes (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. 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. 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. 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. 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. 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. 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. 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. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members. 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. 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. 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. 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. 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. 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. 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. 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. 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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Form 4 Insider Transactions: What Each Field Means →

11/26/2025 - 04:07 PM

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^*

Shikin Vasily

(Last)

(First)

(Middle)

1100 PAGE MILL ROAD

(Street)

PALO ALTO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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

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.

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.