AppLovin (APP) director Vivas moves 20,910 shares into ETF

Rhea-AI Filing Summary

Vivas Eduardo reported open-market sale transactions in this Form 4 filing.

AppLovin Corp director Eduardo Vivas reported disposing of 20,910 shares of Class A common stock on March 13, 2026. The shares were contributed to an exchange-traded fund in exchange for an interest in that fund, and he no longer has voting control or investment authority over them. For this exchange, the stock was valued at $458.67 per share, matching the Nasdaq closing price that day. After the transaction, he beneficially owned about 7,112,382.249 shares as of March 13, 2026, some of which are represented by RSUs, and prior Form 4 filings after that date had overstated his holdings by these 20,910 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

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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).

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^*

Vivas Eduardo

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/13/2026		S(1)		20,910	D	$458.67	7,112,382.249(2)(3)	D

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 reporting person contributed the Class A Common Stock to an exchange-traded-fund in exchange for an interest in the exchange-traded fund. The reporting person has no further voting control over the transferred shares, nor does he control the investment decisions of the exchange-traded fund. For purposes of determining the number of shares of the exchange-traded fund issuable pursuant to such exchange, the Class A Common Stock was valued at $458.67, which was the closing price of the Class A Common Stock on The Nasdaq Global Select Market on the date of the exchange.

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

3. The number of shares beneficially owned following the reported transaction is as of March 13, 2026. The number of shares beneficially owned by the Reporting Person as reported in Form 4 filings made after March 13, 2026 through the date of this Form 4 was overstated by the 20,910 shares disposed of pursuant to the reported transaction.

Remarks:

	/s/ Gordon Grafft, Attorney-in-fact	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did AppLovin (APP) director Eduardo Vivas report?

Eduardo Vivas reported disposing of 20,910 shares of AppLovin Class A Common Stock. He contributed the shares to an exchange-traded fund in exchange for an interest in the fund, so he no longer controls voting or investment decisions for those shares.

At what price were Eduardo Vivas’s AppLovin (APP) shares valued in the exchange?

The contributed AppLovin Class A shares were valued at $458.67 per share. This value equals the stock’s closing price on The Nasdaq Global Select Market on March 13, 2026, the date when the exchange with the exchange-traded fund occurred.

How many AppLovin (APP) shares does Eduardo Vivas own after this Form 4 transaction?

Following the reported transaction, Eduardo Vivas beneficially owned about 7,112,382.249 AppLovin Class A shares as of March 13, 2026. The filing notes that certain of these securities are represented by Restricted Stock Units, which convert into shares under specified vesting conditions.

Why did AppLovin (APP) note an overstatement of Eduardo Vivas’s prior reported holdings?

The filing explains that Form 4 filings made after March 13, 2026 had overstated Eduardo Vivas’s beneficial ownership. They did not account for the 20,910 shares disposed of in this ETF exchange, so his previously reported holdings were too high by that amount.

Does Eduardo Vivas still control the AppLovin (APP) shares contributed to the ETF?

No. After contributing 20,910 AppLovin Class A shares to the exchange-traded fund, Eduardo Vivas has no further voting control over those shares. He also does not control the fund’s investment decisions involving the contributed stock.

What type of security did Eduardo Vivas trade in this AppLovin (APP) Form 4?

The transaction involved AppLovin Class A Common Stock. The Form 4 also notes that certain securities in his post-transaction holdings are represented by Restricted Stock Units, which are a form of equity compensation that can settle in shares when vesting conditions are satisfied.