Director Webb gifts 20,920 AppLovin (APP) shares to trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AppLovin director Webb Maynard G Jr reported a bona fide gift of 20,920 shares of Class A Common Stock. The shares were held indirectly through Webb Investment Network and were gifted to grantor retained annuity trusts exempt under Rule 16b-5, with no cash consideration. Following the gift, indirect holdings reported for Webb Investment Network were 126,596 shares, and Webb Maynard G Jr also reported 2,632 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,920 shares gifted
Mixed
2 txns
Insider
WEBB MAYNARD G JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 20,920 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 126,596 shares (Indirect, See footnote);
Class A Common Stock — 2,632 shares (Direct, null)
Footnotes (1)
- Represents a gift of Class A common stock to grantor retained annuity trusts exempt under Rule 16b-5. Shares are held by Webb Investment Network, an entity wholly owned by the Reporting Person and the Reporting Person's spouse. Certain of these securities are represented by RSUs.
Key Figures
Shares gifted: 20,920 shares
Gift price per share: $0.0000 per share
Indirect holdings after gift: 126,596 shares
+1 more
4 metrics
Shares gifted
20,920 shares
Bona fide gift of Class A Common Stock
Gift price per share
$0.0000 per share
Reported consideration for gifted shares
Indirect holdings after gift
126,596 shares
Class A shares held indirectly via Webb Investment Network after transaction
Direct holdings after transactions
2,632 shares
Class A shares held directly after reported transactions
Key Terms
bona fide gift, grantor retained annuity trusts, Rule 16b-5, RSUs, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trusts financial
"Represents a gift of Class A common stock to grantor retained annuity trusts exempt under Rule 16b-5."
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
Rule 16b-5 regulatory
"grantor retained annuity trusts exempt under Rule 16b-5."
RSUs financial
"Certain of these securities are represented by RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Webb Investment Network financial
"Shares are held by Webb Investment Network, an entity wholly owned by the Reporting Person and the Reporting Person's spouse."
FAQ
What insider transaction did AppLovin (APP) report for Webb Maynard G Jr?
AppLovin director Webb Maynard G Jr reported a bona fide gift of 20,920 shares of Class A Common Stock. The gifted shares were held indirectly through Webb Investment Network and transferred to grantor retained annuity trusts exempt under Rule 16b-5.
What are Webb Maynard G Jr’s AppLovin (APP) holdings after this gift?
After the reported gift, indirect holdings through Webb Investment Network total 126,596 Class A shares, and direct holdings total 2,632 shares. These figures come from the post-transaction ownership reported for each line item in the Form 4 filing.
Was the AppLovin (APP) insider transaction a market sale or a gift?
The transaction was reported as a bona fide gift, not a market sale. The Form 4 uses transaction code G and lists a price of $0.0000 per share, indicating a non-cash transfer of shares rather than an open-market disposition for proceeds.
What does Rule 16b-5 mean in the context of this AppLovin (APP) gift?
The footnote explains the gift was made to grantor retained annuity trusts exempt under Rule 16b-5. This rule provides an exemption from certain short-swing profit rules for specified transactions, including qualifying gifts, when the conditions of the rule are satisfied.