AppLovin (APP) CTO has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AppLovin Corp’s Chief Technology Officer Vasily Shikin reported a routine tax-withholding event related to restricted stock units. The issuer withheld 2,730 shares of Class A common stock at $482.28 per share to cover income tax obligations upon RSU vesting, rather than an open-market sale. Following this, Shikin directly holds 3,252,543 Class A shares, with additional indirect holdings through family trusts, including positions of 26,917 and 425,450 shares held for his children and immediate family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Shikin Vasily
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,730 | $482.28 | $1.32M |
| holding | Class A Class Common | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Indirect | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,252,543 shares (Direct, null);
Class A Class Common — 425,450 shares (Indirect, See footnote);
Class A Common Stock — 26,917 shares (Indirect, See footnote);
Indirect — 26,917 shares (Indirect, See footnote)
Footnotes (1)
- This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs"). Certain of these securities are represented by RSUs. Shares are held by The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.
Key Figures
Shares withheld for taxes: 2,730 shares
Withholding price per share: $482.28 per share
Direct holdings after transaction: 3,252,543 shares
+2 more
5 metrics
Shares withheld for taxes
2,730 shares
Class A common stock withheld for RSU tax obligations
Withholding price per share
$482.28 per share
Value used for RSU-related tax-withholding disposition
Direct holdings after transaction
3,252,543 shares
Class A common stock directly held following Form 4 event
Indirect holdings entry
26,917 shares
Indirectly held for benefit of children or family members
Additional indirect holdings entry
425,450 shares
Indirectly held through a family trust structure
Key Terms
Restricted Stock Units ("RSUs"), tax-withholding disposition, Irrevocable GST Trust, withheld by the Issuer, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Irrevocable GST Trust financial
"The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children"
withheld by the Issuer financial
"represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations"
indirect ownership financial
""direct_or_indirect": "I",
"nature_of_ownership": "See footnote""
FAQ
What insider transaction did AppLovin (APP) report for Vasily Shikin?
AppLovin reported that CTO Vasily Shikin had 2,730 Class A shares withheld by the company to cover taxes on vesting RSUs. This was a tax-withholding disposition, not an open-market sale, and is a standard equity compensation event.