AppLovin APP Chief Technology Officer reports planned share sales

Rhea-AI Filing Summary

AppLovin Corp (APP) reported insider activity by its Chief Technology Officer on a Form 4. On 11/24/2025, the CTO, through IS37 Holdings Trust, executed a series of automatic Rule 10b5-1 plan sales of Class A common stock. The trades were broken into multiple blocks, with weighted average prices in ranges such as $534.23 to $535.21 and up to $562.19 to $562.88, as disclosed in the footnotes. After these transactions, the reporting person continues to indirectly hold 35,889 Class A shares through IS37 Holdings Trust and 425,450 Class A shares through The Shikin 2020 Irrevocable GST Trust for the benefit of the reporting person’s children.

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)		187	D	$534.97(2)	51,242	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		348	D	$535.74(4)	50,894	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		728	D	$536.97(5)	50,166	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		361	D	$537.87(6)	49,805	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		616	D	$539.04(7)	49,189	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		468	D	$539.68(8)	48,721	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		85	D	$540.64(9)	48,636	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		135	D	$541.95(10)	48,501	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		491	D	$543.08(11)	48,010	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		335	D	$544.07(12)	47,675	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		327	D	$545.26(13)	47,348	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		290	D	$546.15(14)	47,058	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		324	D	$547.36(15)	46,734	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		730	D	$548.4(16)	46,004	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		1,222	D	$549.35(17)	44,782	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		2,137	D	$550.35(18)	42,645	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		1,735	D	$551.46(19)	40,910	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		1,204	D	$552.27(20)	39,706	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		753	D	$553.39(21)	38,953	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		623	D	$554.3(22)	38,330	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		774	D	$555.39(23)	37,556	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		49	D	$556.14(24)	37,507	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		336	D	$558.25(25)	37,171	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		330	D	$559.26(26)	36,841	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		598	D	$560.38(27)	36,243	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		297	D	$561.26(28)	35,946	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		32	D	$562.75(29)	35,914	I	See footnote(3)
Class A Common Stock	11/24/2025		S(1)		25	D	$564.21	35,889	I	See footnote(3)
Class A Common Stock								425,450	I	See footnote(30)

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 $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.

3. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. The sales were executed in multiple trades at prices ranging from $548.86 to $549.85. 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 $549.86 to $550.85. 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 $550.89 to $551.88. 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.

20. The sales were executed in multiple trades at prices ranging from $551.89 to $552.85. 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 $552.89 to $553.86. 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 $553.90 to $554.895. 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 $554.90 to $555.79. 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 $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.

25. 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.

26. 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.

27. 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.

28. 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.

29. 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.

30. Shares are held by The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children.

Remarks:

Form 5 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?

AppLovin reported that its Chief Technology Officer executed multiple sales of Class A common stock on 11/24/2025 under a pre-arranged Rule 10b5-1 trading plan.

Who is the reporting person in this AppLovin (APP) Form 4?

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

Were the AppLovin (APP) insider sales made under a 10b5-1 trading plan?

Yes. The explanation notes that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2024.

At what prices were the AppLovin (APP) shares sold by the CTO?

The filing states that trades occurred in multiple price ranges, including $534.23 to $535.21 and up to $562.19 to $562.88, with each line showing a weighted average sale price.

How many AppLovin (APP) shares does the insider still own after these transactions?

After the reported sales, the Form 4 shows 35,889 Class A shares indirectly owned through IS37 Holdings Trust and an additional 425,450 Class A shares indirectly owned through The Shikin 2020 Irrevocable GST Trust.

How are the indirectly held AppLovin (APP) shares structured?

The filing explains that shares are held by IS37 Holdings Trust, for which the reporting person’s spouse serves as trustee, and by The Shikin 2020 Irrevocable GST Trust for the benefit of the reporting person’s children.

Does this AppLovin (APP) Form 4 cover any derivative securities?

The Form 4 includes a Table II heading for derivative securities, but the excerpted content does not show any specific derivative security transactions being reported.