AppLovin (APP) CTO sells 204 trust-held shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

AppLovin Corp Chief Technology Officer Vasily Shikin reported small insider sales of Class A common stock executed on March 10, 2026.

Entities associated with him sold a total of 204 shares in open-market transactions, with 116 shares at a weighted average price of $513.05 and 88 shares at a weighted average price of $514.43. The trades were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025, indicating they were scheduled in advance.

The shares are held indirectly through family trusts, including IK50 Holdings Trust and The Shikin 2020 Irrevocable GST Trust. After these transactions, indirect holdings reported for the trusts totaled 425,450 shares of AppLovin Class A common stock.

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
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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)
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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/10/2026		S(1)		116	D	$513.05(2)	27,005	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		88	D	$514.43(4)	26,917	I	See footnote(3)
Class A Common Stock								425,450	I	See footnote(5)

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, 2025.

2. The sales were executed in multiple trades at prices ranging from $512.85 to $513.55. 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.

3. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.

4. The sales were executed in multiple trades at prices ranging from $514.03 to $514.83. 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. 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/ 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.

FAQ

What insider activity did AppLovin (APP) report for CTO Vasily Shikin?

AppLovin reported that entities associated with CTO Vasily Shikin sold Class A common stock in small open-market trades. The sales were made under a pre-arranged Rule 10b5-1 trading plan and involved shares held indirectly through family trusts, not direct personal holdings.

How many AppLovin (APP) shares were sold in this Form 4 filing?

The filing shows a total sale of 204 shares of AppLovin Class A common stock. One trade covered 116 shares and another covered 88 shares, both executed on March 10, 2026, as part of routine open-market transactions reported by related family trusts.

At what prices were the AppLovin (APP) shares sold by the CTO’s related trusts?

The 116-share trade used a weighted average sale price of $513.05, with executions between $512.85 and $513.55. The 88-share trade used a weighted average price of $514.43, with executions between $514.03 and $514.83, all in open-market transactions on March 10, 2026.

Were the AppLovin (APP) insider sales by the CTO pre-planned?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 9, 2025. Such plans schedule trades in advance, so the timing of these March 10, 2026 transactions reflects the plan rather than a discretionary market-timing decision.

Does the AppLovin (APP) CTO still have a significant position after these sales?

Yes. After the reported trades, the Form 4 lists 425,450 shares of AppLovin Class A common stock held indirectly through family trusts. Compared with this position, the 204 shares sold represent a very small portion of the total indirect holdings reported in the filing.

Are the AppLovin (APP) shares sold held directly by the CTO or through entities?

The shares involved are held indirectly through family trusts, not in the CTO’s direct name. The filing notes holdings by IK50 Holdings Trust and The Shikin 2020 Irrevocable GST Trust, which are for the benefit of his immediate family members and children, respectively.