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  4. [Form 4] AppLovin Corp Insider Trading Activity

CTO-related AppLovin (APP) trust sells 2,889 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

AppLovin Corp insider activity shows a trust associated with Chief Technology Officer Vasily Shikin selling Class A Common Stock. On May 22, 2026, IS37 Holdings Trust, for which Shikin’s spouse is trustee, sold a total of 2,889 shares in a series of open-market transactions.

The trades were executed at prices ranging from $486.23 to $493.22, with reported figures reflecting weighted average sale prices. Following these sales, the trust continued to hold 17,945 shares of AppLovin Class A Common Stock. The filing notes that the transactions were made under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than timed opportunistically.

Positive

  • None.

Negative

  • None.

Insights

Pre-planned trust sales by CTO-linked entity, modest vs. remaining stake.

The filing shows IS37 Holdings Trust, associated with AppLovin’s Chief Technology Officer Vasily Shikin, selling 2,889 shares of Class A Common Stock on May 22, 2026. All trades were open-market sales within a tight price band around $486–$493.

The sales were executed under a Rule 10b5-1 trading plan adopted on December 9, 2025, suggesting they were pre-scheduled. After these transactions, the trust still held 19,892 shares, so the activity represents a partial reduction rather than an exit, and appears routine in nature.

Insider Shikin Vasily
Role Chief Technology Officer
Sold 2,889 shs ($1.41M)
Type Security Shares Price Value
Sale Class A Common Stock 942 $486.68 $458K
Sale Class A Common Stock 396 $487.66 $193K
Sale Class A Common Stock 254 $488.74 $124K
Sale Class A Common Stock 437 $489.76 $214K
Sale Class A Common Stock 386 $490.71 $189K
Sale Class A Common Stock 366 $491.95 $180K
Sale Class A Common Stock 104 $492.75 $51K
Sale Class A Common Stock 4 $493.66 $2K
Holdings After Transaction: Class A Common Stock — 17,945 shares (Indirect, See footnote)
Footnotes (9)
  1. F1. 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. F2. The sales were executed in multiple trades at prices ranging from $486.23 to $487.225. 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. F3. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.
  4. F4. The sales were executed in multiple trades at prices ranging from $487.23 to $488.21. 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.
  5. F5. The sales were executed in multiple trades at prices ranging from $488.24 to $489.21. 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.
  6. F6. The sales were executed in multiple trades at prices ranging from $489.25 to $490.24. 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. F7. The sales were executed in multiple trades at prices ranging from $490.27 to $491.22. 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.
  8. F8. The sales were executed in multiple trades at prices ranging from $491.32 to $492.27. 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. F9. The sales were executed in multiple trades at prices ranging from $492.46 to $493.22. 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.
Shares sold 2,889 shares Total Class A Common Stock sold on May 22, 2026
Price range $486.23–$493.22 per share Range of multiple trades reported in footnotes
Shares held after 19,892 shares IS37 Holdings Trust Class A Common Stock holdings following sales
Trading plan adoption date December 9, 2025 Date Rule 10b5-1 trading plan was adopted
Highest reported sale price $493.66 per share One tranche of Class A Common Stock sales
Lowest reported sale price range $486.23 per share Low end of disclosed sale price ranges
Rule 10b5-1 trading plan regulatory
"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."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
trustee financial
"Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did AppLovin (APP) report for Vasily Shikin?
AppLovin reported that IS37 Holdings Trust, associated with CTO Vasily Shikin, sold 2,889 shares of Class A Common Stock in open-market trades on May 22, 2026. These transactions were disclosed in a Form 4 insider filing with detailed pricing information.

At what prices were the AppLovin (APP) shares sold in this Form 4?
The shares were sold in multiple trades at prices ranging from $486.23 to $493.22. Reported sale prices in the filing reflect weighted averages, and the insider has agreed to provide full trade breakdowns upon request to regulators, the issuer, or shareholders.

How many AppLovin (APP) shares remain after the reported insider sales?
Following the reported sales, IS37 Holdings Trust continued to hold 19,892 shares of AppLovin Class A Common Stock. This indicates the transactions reduced, but did not eliminate, the trust’s position associated with Chief Technology Officer Vasily Shikin.

Were the AppLovin (APP) insider sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted on December 9, 2025. Such plans pre-schedule trades, which can make the timing of these transactions less indicative of the insider’s short-term outlook.

Who actually holds the AppLovin (APP) shares sold in this Form 4?
The shares are held by IS37 Holdings Trust, for which Vasily Shikin’s spouse serves as trustee. The Form 4 identifies Shikin as the reporting person, but clarifies the indirect ownership through this trust structure in the accompanying footnote.

What type of security was involved in the AppLovin (APP) insider transaction?
The transactions involved AppLovin’s Class A Common Stock, as specified in the Form 4. All reported trades were non-derivative open-market sales, with no related option exercises or derivative security conversions disclosed in this particular filing.
SEC Form 4
FORM 4UNITED 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 CALIFORNIA 94304
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AppLovin Corp [ APP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/22/2026S(1)942D$486.68(2)19,892ISee footnote(3)
Class A Common Stock05/22/2026S(1)396D$487.66(4)19,496ISee footnote(3)
Class A Common Stock05/22/2026S(1)254D$488.74(5)19,242ISee footnote(3)
Class A Common Stock05/22/2026S(1)437D$489.76(6)18,805ISee footnote(3)
Class A Common Stock05/22/2026S(1)386D$490.71(7)18,419ISee footnote(3)
Class A Common Stock05/22/2026S(1)366D$491.95(8)18,053ISee footnote(3)
Class A Common Stock05/22/2026S(1)104D$492.75(9)17,949ISee footnote(3)
Class A Common Stock05/22/2026S(1)4D$493.6617,945ISee footnote(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $486.23 to $487.225. 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 $487.23 to $488.21. 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.
5. The sales were executed in multiple trades at prices ranging from $488.24 to $489.21. 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.
6. The sales were executed in multiple trades at prices ranging from $489.25 to $490.24. 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 $490.27 to $491.22. 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.
8. The sales were executed in multiple trades at prices ranging from $491.32 to $492.27. 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 $492.46 to $493.22. 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 3 of 3
/s/ Victoria Valenzuela, Attorney-in-fact05/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR