Family trusts of AppLovin (NASDAQ: APP) CTO sell 9,265 shares

Rhea-AI Filing Summary

AppLovin Corp reported that family trusts associated with Chief Technology Officer Vasily Shikin sold a total of 9,265 shares of Class A Common Stock on March 10, 2026. The open-market sales were carried out in multiple trades at prices between $473.60 and $513.05, under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025. Following these transactions, the trusts continue to hold 30,365 Class A shares indirectly on behalf of Shikin and his immediate family.

Insights

Equity compensation and insider-trading analyst

Pre-planned trust sales by AppLovin’s CTO look routine in scale.

The transactions show trusts linked to AppLovin CTO Vasily Shikin selling 9,265 Class A shares in open-market trades on March 10, 2026. All sales were executed under a Rule 10b5-1 trading plan adopted on December 9, 2025, indicating they were pre-scheduled rather than timed opportunistically.

Shares are held through IS37 Holdings Trust and ES48 Holdings Trust for the benefit of Shikin’s spouse and immediate family members, so the activity is attributed to these entities. After the sales, 30,365 Class A shares remain indirectly held, suggesting the reported disposals represent only a portion of the overall position visible in this filing.

Because the filing does not quantify AppLovin’s total share count or float, the relative size of these sales versus the company’s capitalization cannot be assessed here. On the information provided, this appears to be routine portfolio and estate management activity via family trusts rather than a thesis-changing insider move.

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)
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)		293	D	$482.48(2)	30,365	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		76	D	$484.78(4)	30,289	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		48	D	$487.18	30,241	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		292	D	$489.41(5)	29,949	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		40	D	$490.69(6)	29,909	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		232	D	$493.25	29,677	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		704	D	$495.01(7)	28,973	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		416	D	$496.62(8)	28,557	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		40	D	$498.51	28,517	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		120	D	$500.64	28,397	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		160	D	$501.71	28,237	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		136	D	$503.17(9)	28,101	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		12	D	$504.5	28,089	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		147	D	$506.47	27,942	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		163	D	$507.74	27,779	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		69	D	$508.82	27,710	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		253	D	$510.2	27,457	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		148	D	$511.28	27,309	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		304	D	$512.59(10)	27,005	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		88	D	$514.43	26,917	I	See footnote(3)
Class A Common Stock	03/10/2026		S(1)		245	D	$474.17(11)	35,644	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		586	D	$475.03(13)	35,058	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		580	D	$476.23(14)	34,478	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		1,672	D	$477.28(15)	32,806	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		868	D	$478.11(16)	31,938	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		744	D	$479.07(17)	31,194	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		329	D	$479.97(18)	30,865	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		207	D	$481(19)	30,658	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		157	D	$482.04(20)	30,501	I	See footnote(12)
Class A Common Stock	03/10/2026		S(1)		136	D	$482.99(21)	30,365	I	See footnote(12)

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 $482.04 to $482.99. 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 ES48 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 $484.35 to $485.17. 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 $488.83 to $489.74. 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 $490.52 to $491.38. 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 $494.43 to $495.33. 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 $496.40 to $497.35. 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.

9. The sales were executed in multiple trades at prices ranging from $502.84 to $503.71. 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 $512.31 to $513.05. 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 $473.60 to $474.58. 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. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.

13. The sales were executed in multiple trades at prices ranging from $474.60 to $475.58. 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.

14. The sales were executed in multiple trades at prices ranging from $475.60 to $476.59. 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 $476.60 to $477.58. 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.

16. The sales were executed in multiple trades at prices ranging from $477.60 to $478.59. 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 $478.60 to $479.58. 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.

18. The sales were executed in multiple trades at prices ranging from $479.60 to $480.56. 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 $480.60 to $481.58. 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.

20. The sales were executed in multiple trades at prices ranging from $481.62 to $482.60. 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 $482.62 to $483.22. 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/ 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 transaction did AppLovin (APP) disclose for CTO Vasily Shikin?

AppLovin disclosed that family trusts associated with CTO Vasily Shikin sold 9,265 shares of Class A Common Stock. The open-market sales occurred on March 10, 2026, while the trusts still held 30,365 Class A shares for Shikin and his immediate family afterward.

At what prices were the recent AppLovin (APP) insider share sales executed?

The insider share sales were executed in multiple trades at prices between $473.60 and $513.05 per share. These prices come from detailed ranges in the filing’s footnotes, which also note that reported prices represent weighted average sale prices for the grouped trades.

Were the AppLovin (APP) insider sales by trusts linked to 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 pre-schedule trades, helping separate routine liquidity or diversification activity from discretionary, market-timed insider selling.

How many AppLovin (APP) shares remain held after the CTO-related trust sales?

After selling 9,265 shares, the trusts associated with CTO Vasily Shikin continue to hold 30,365 AppLovin Class A shares indirectly. This remaining stake, held for Shikin and his immediate family, indicates the transactions covered only part of the position reported.

Who technically holds the AppLovin (APP) shares sold in the recent Form 4 filing?

The shares are held by IS37 Holdings Trust, where Shikin’s spouse is trustee, and ES48 Holdings Trust for his immediate family. The sales are therefore attributed to these family trusts, even though Vasily Shikin is the reporting person on the Form 4.