AppLovin (APP) executive has 10,463 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AppLovin Corp executive Victoria Valenzuela reported a tax-related share withholding, not an open-market sale. On the reported date, 10,463 shares of Class A common stock were withheld by the company to cover income tax obligations tied to vesting and net settlement of previously granted restricted stock units. After this non-cash, tax-withholding disposition, she held 266,647 shares of AppLovin Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Valenzuela Victoria
Role
CALO & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 10,463 | $418.68 | $4.38M |
Holdings After Transaction:
Class A Common Stock — 266,647 shares (Direct)
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.
FAQ
What insider transaction did AppLovin (APP) report for Victoria Valenzuela?
AppLovin reported a tax-related share withholding for executive Victoria Valenzuela. The company withheld 10,463 Class A shares to satisfy income tax obligations from vesting restricted stock units, leaving her with 266,647 directly held shares after the transaction.
What does transaction code F mean in the AppLovin (APP) Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, 10,463 shares were withheld by AppLovin to pay income tax obligations tied to restricted stock unit vesting, rather than being sold by the executive in the market.
Are restricted stock units involved in this AppLovin (APP) insider transaction?
Yes. The filing states the withholding was linked to vesting and net settlement of previously reported restricted stock units, and notes that certain reported securities are represented by RSUs, highlighting the equity-based compensation structure for the executive.