AppLovin CTO reports planned insider stock sales in Form 4 filing

Rhea-AI Filing Summary

AppLovin Corp (APP) filed a Form 4 showing stock sales by its Chief Technology Officer. On 11/24/2025, the CTO executed multiple open-market sales of Class A common stock under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2024.

The transactions included several small blocks of shares sold at weighted-average prices within specified ranges, such as $555.99 to $556.37 and $547.86 to $548.855, as disclosed in the footnotes. After these sales, the reporting person directly beneficially owned 3,320,824 Class A shares.

Additional sales were made from shares held indirectly through ES48 Holdings Trust for the benefit of the reporting person’s immediate family members, with prices in ranges such as $524.48 to $524.96. Following these indirect transactions, the trust held 46,004 Class A shares.

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).

X

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 CA 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/24/2025		S(1)		82	D	$556.14(2)	3,323,599(3)	D
Class A Common Stock	11/24/2025		S(1)		576	D	$558.25(4)	3,323,023(3)	D
Class A Common Stock	11/24/2025		S(1)		568	D	$559.26(5)	3,322,455(3)	D
Class A Common Stock	11/24/2025		S(1)		1,024	D	$560.38(6)	3,321,431(3)	D
Class A Common Stock	11/24/2025		S(1)		509	D	$561.26(7)	3,320,922(3)	D
Class A Common Stock	11/24/2025		S(1)		54	D	$562.74(8)	3,320,868(3)	D
Class A Common Stock	11/24/2025		S(1)		44	D	$564.21	3,320,824(3)	D
Class A Common Stock	11/24/2025		S(1)		111	D	$524.54(9)	53,278	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		237	D	$525.96(11)	53,041	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		509	D	$527.19(12)	52,532	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		391	D	$528.12(13)	52,141	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		297	D	$529.09(14)	51,844	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		93	D	$530.31(15)	51,751	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		229	D	$531.11(16)	51,522	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		51	D	$532.09(17)	51,471	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		42	D	$533.2(18)	51,429	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		187	D	$534.97(19)	51,242	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		348	D	$535.74(20)	50,894	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		728	D	$536.97(21)	50,166	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		361	D	$537.87(22)	49,805	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		616	D	$539.04(23)	49,189	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		468	D	$539.68(24)	48,721	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		85	D	$540.64(25)	48,636	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		136	D	$541.95(26)	48,500	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		490	D	$543.08(27)	48,010	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		336	D	$544.07(28)	47,674	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		327	D	$545.26(29)	47,347	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		290	D	$546.15(30)	47,057	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		323	D	$547.36(31)	46,734	I	See footnote(10)
Class A Common Stock	11/24/2025		S(1)		730	D	$548.4(32)	46,004	I	See footnote(10)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $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.

3. Certain of these securities are represented by Restricted Stock Units ("RSUs").

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. 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.

26. The sales were executed in multiple trades at prices ranging from $541.49 to $542.48. 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 $542.57 to $543.54. 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 $543.58 to $544.53. 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 $544.66 to $545.65. 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 $545.76 to $546.70. 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.

31. The sales were executed in multiple trades at prices ranging from $546.84 to $547.75. 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 $547.86 to $548.855. 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 2 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.

FAQ

What did AppLovin (APP) disclose in this Form 4 filing?

The filing reports that AppLovin’s Chief Technology Officer executed multiple open-market sales of Class A common stock on 11/24/2025, and updates the number of shares the officer beneficially owns directly and indirectly after those trades.

Who is the reporting person in AppLovin (APP)'s latest Form 4?

The reporting person is an officer of AppLovin Corp, serving as Chief Technology Officer, as indicated in the relationship section of the Form 4.

Were AppLovin (APP) CTO’s stock sales under a Rule 10b5-1 plan?

Yes. The explanation section states the sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2024.

On what date were the AppLovin (APP) insider stock sales made?

All reported transactions in this Form 4 occurred on 11/24/2025, as shown in Table I for each line of Class A common stock sold.

What prices were the AppLovin (APP) shares sold for in the Form 4?

The shares were sold in multiple trades at ranges disclosed in the footnotes, including $555.99 to $556.37, $557.74 to $558.70, $546.84 to $547.75, and $547.86 to $548.855. Each line’s reported price is a weighted-average sale price.

How many AppLovin (APP) shares does the CTO own after the reported transactions?

Following the reported sales, the CTO directly beneficially owned 3,320,824 Class A common shares. In addition, 46,004 Class A shares were held indirectly through ES48 Holdings Trust for the benefit of the reporting person’s immediate family members.

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

A footnote explains that the indicated shares are held by ES48 Holdings Trust for the benefit of the reporting person’s immediate family members, and the associated sales and post-transaction holdings are reported as indirect beneficial ownership.