Were the recent AppLovin (APP) CTO share sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 9, 2025. Such plans allow insiders to pre-schedule trades, helping separate routine portfolio management from discretionary, market-timing decisions.

AppLovin (NASDAQ: APP) CTO sells 68,035 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

AppLovin Corp Chief Technology Officer Vasily Shikin sold 68,035 shares of Class A common stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025. The sales occurred on March 10, 2026 at prices reported between $474.17 and $513.05 per share across multiple trades.

After these transactions, Shikin directly holds 3,255,273 shares of AppLovin Class A common stock and an additional 30,658 shares are held indirectly through ES48 Holdings Trust for the benefit of his immediate family members. The sales represent a small portion of his overall reported holdings.

Insider Trade Summary 10b5-1

Net Seller: 68,035 shares ($33,047,343)

Net Sell 30 txns

Insider Shikin Vasily

Role Chief Technology Officer

Sold 68,035 shs ($33.05M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,817	$474.78	$2.76M
Sale	Class A Common Stock	4,057	$476.23	$1.93M
Sale	Class A Common Stock	17,779	$477.56	$8.49M
Sale	Class A Common Stock	7,515	$479.34	$3.60M
Sale	Class A Common Stock	1,445	$481.00	$695K
Sale	Class A Common Stock	2,055	$482.48	$991K
Sale	Class A Common Stock	532	$484.78	$258K
Sale	Class A Common Stock	333	$487.17	$162K
Sale	Class A Common Stock	2,047	$489.40	$1.00M
Sale	Class A Common Stock	280	$490.69	$137K
Sale	Class A Common Stock	1,624	$493.25	$801K
Sale	Class A Common Stock	4,925	$495.01	$2.44M
Sale	Class A Common Stock	2,915	$496.62	$1.45M
Sale	Class A Common Stock	280	$498.51	$140K
Sale	Class A Common Stock	840	$500.64	$421K
Sale	Class A Common Stock	1,120	$501.71	$562K
Sale	Class A Common Stock	954	$503.17	$480K
Sale	Class A Common Stock	84	$504.50	$42K
Sale	Class A Common Stock	1,035	$506.47	$524K
Sale	Class A Common Stock	1,140	$507.74	$579K
Sale	Class A Common Stock	484	$508.82	$246K
Sale	Class A Common Stock	1,763	$510.20	$899K
Sale	Class A Common Stock	1,036	$511.28	$530K
Sale	Class A Common Stock	2,128	$512.59	$1.09M
Sale	Class A Common Stock	616	$514.43	$317K
Sale	Class A Common Stock	831	$474.78	$395K
Sale	Class A Common Stock	580	$476.22	$276K
Sale	Class A Common Stock	2,540	$477.56	$1.21M
Sale	Class A Common Stock	1,073	$479.34	$514K
Sale	Class A Common Stock	207	$481.00	$100K

Holdings After Transaction: Class A Common Stock — 3,312,260 shares (Direct); Class A Common Stock — 35,058 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, 2025. The sales were executed in multiple trades at prices ranging from $494.43 to $495.33. 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 $496.40 to $497.35. 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 $502.84 to $503.71. 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 $512.31 to $513.05. 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 $474.17 to $475.03. 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. Certain of these securities are represented by Restricted Stock Units ("RSUs"). The sales were executed in multiple trades at prices ranging from $477.28 to $478.11. 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 $479.07 to $479.97. 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 $482.04 to $482.99. 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 $484.35 to $485.17. 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. The sales were executed in multiple trades at prices ranging from $488.83 to $489.74. 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 $490.52 to $491.38. 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.

Form 4 Insider Transactions: What Each Field Means →

03/12/2026 - 05:16 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)
03/10/2026

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)
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	03/10/2026		S⁽¹⁾		5,817	D	$474.78⁽²⁾	3,312,260⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		4,057	D	$476.23	3,308,203⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		17,779	D	$477.56⁽⁴⁾	3,290,424⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		7,515	D	$479.34⁽⁵⁾	3,282,909⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,445	D	$481	3,281,464⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		2,055	D	$482.48⁽⁶⁾	3,279,409⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		532	D	$484.78⁽⁷⁾	3,278,877⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		333	D	$487.17	3,278,544⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		2,047	D	$489.4⁽⁸⁾	3,276,497⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		280	D	$490.69⁽⁹⁾	3,276,217⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,624	D	$493.25	3,274,593⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		4,925	D	$495.01⁽¹⁰⁾	3,269,668⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		2,915	D	$496.62⁽¹¹⁾	3,266,753⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		280	D	$498.51	3,266,473⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		840	D	$500.64	3,265,633⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,120	D	$501.71	3,264,513⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		954	D	$503.17⁽¹²⁾	3,263,559⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		84	D	$504.5	3,263,475⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,035	D	$506.47	3,262,440⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,140	D	$507.74	3,261,300⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		484	D	$508.82	3,260,816⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,763	D	$510.2	3,259,053⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		1,036	D	$511.28	3,258,017⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		2,128	D	$512.59⁽¹³⁾	3,255,889⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		616	D	$514.43	3,255,273⁽³⁾	D
Class A Common Stock	03/10/2026		S⁽¹⁾		831	D	$474.78⁽²⁾	35,058	I	See footnote⁽¹⁴⁾
Class A Common Stock	03/10/2026		S⁽¹⁾		580	D	$476.22	34,478	I	See footnote⁽¹⁴⁾
Class A Common Stock	03/10/2026		S⁽¹⁾		2,540	D	$477.56⁽⁴⁾	31,938	I	See footnote⁽¹⁴⁾
Class A Common Stock	03/10/2026		S⁽¹⁾		1,073	D	$479.34⁽⁵⁾	30,865	I	See footnote⁽¹⁴⁾
Class A Common Stock	03/10/2026		S⁽¹⁾		207	D	$481	30,658	I	See footnote⁽¹⁴⁾

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, 2025.

2. The sales were executed in multiple trades at prices ranging from $474.17 to $475.03. 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. Certain of these securities are represented by Restricted Stock Units ("RSUs").

4. The sales were executed in multiple trades at prices ranging from $477.28 to $478.11. 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 $479.07 to $479.97. 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 $482.04 to $482.99. 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 $484.35 to $485.17. 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.

8. The sales were executed in multiple trades at prices ranging from $488.83 to $489.74. 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 $490.52 to $491.38. 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 $494.43 to $495.33. 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 $496.40 to $497.35. 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.

12. The sales were executed in multiple trades at prices ranging from $502.84 to $503.71. 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 $512.31 to $513.05. 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. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.

Remarks:

Form 1 of 5

	/s/ Gordon Grafft, Attorney-in-fact	03/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AppLovin (APP) report for its CTO?

AppLovin reported that CTO Vasily Shikin sold 68,035 Class A shares in open-market trades. The sales took place on March 10, 2026 under a pre-arranged Rule 10b5-1 trading plan, meaning the transactions were scheduled in advance rather than decided on that day.

At what prices did the AppLovin (APP) CTO sell his shares?

The CTO’s shares were sold in multiple trades between $474.17 and $513.05 per share. These prices reflect weighted average sale prices across numerous individual transactions, with full trade-by-trade details available on request from the company, regulators, or shareholders.

How many AppLovin (APP) shares does the CTO hold after this Form 4?

After the reported sales, CTO Vasily Shikin directly holds 3,255,273 AppLovin Class A shares. In addition, 30,658 shares are held indirectly through ES48 Holdings Trust for the benefit of his immediate family members, according to the ownership footnote disclosures.

What is ES48 Holdings Trust mentioned in the AppLovin (APP) Form 4?

ES48 Holdings Trust is an entity that holds AppLovin shares for the CTO’s immediate family members. The Form 4 notes that certain indirectly held shares are owned by this trust, and some of the reported sales relate to these indirectly owned shares.

Does the AppLovin (APP) Form 4 involve derivative exercises or only stock sales?

The Form 4 reflects only sales of non-derivative Class A common stock. The derivative summary shows no option or other derivative exercises in this filing, indicating the transactions were straightforward open-market stock sales rather than option exercises or conversions.