[Form 4] AppLovin Corp Insider Trading Activity

Rhea-AI Filing Summary

AppLovin Corp (APP) reported insider activity by its Chief Financial Officer on a Form 4. On 11/20/2025, 5,874 shares of Class A common stock were withheld by the company to cover income tax and withholding obligations tied to vesting and net settlement of previously reported restricted stock units.

On 11/21/2025, the CFO sold multiple small blocks of Class A common stock under a Rule 10b5-1 trading plan adopted on March 7, 2025, at weighted average prices ranging from $492.26 to $527.50 and $520.82 for the tax-withholding transaction. After these transactions, the CFO beneficially owned 191,161 shares, which include 26 shares acquired under the AppLovin Corporation 2021 Employee Stock Purchase Plan on November 20, 2025.

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^*

Stumpf Matthew

(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 Financial Officer (CFO)

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		F		5,874(1)	D	$520.82	196,045(2)(3)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$492.26(5)	195,965(2)	D
Class A Common Stock	11/21/2025		S(4)		200	D	$495.45(6)	195,765(2)	D
Class A Common Stock	11/21/2025		S(4)		120	D	$496.33(7)	195,645(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$498.18	195,565(2)	D
Class A Common Stock	11/21/2025		S(4)		160	D	$500.24(8)	195,405(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$501.88(9)	195,325(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$504.32(10)	195,245(2)	D
Class A Common Stock	11/21/2025		S(4)		160	D	$506.46(11)	195,085(2)	D
Class A Common Stock	11/21/2025		S(4)		200	D	$509.67(12)	194,885(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$510.72(13)	194,805(2)	D
Class A Common Stock	11/21/2025		S(4)		160	D	$511.63(14)	194,645(2)	D
Class A Common Stock	11/21/2025		S(4)		230	D	$512.73(15)	194,415(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$514.08(16)	194,335(2)	D
Class A Common Stock	11/21/2025		S(4)		311	D	$515.73(17)	194,024(2)	D
Class A Common Stock	11/21/2025		S(4)		120	D	$516.73(18)	193,904(2)	D
Class A Common Stock	11/21/2025		S(4)		200	D	$519.49(19)	193,704(2)	D
Class A Common Stock	11/21/2025		S(4)		245	D	$520.29(20)	193,459(2)	D
Class A Common Stock	11/21/2025		S(4)		1,338	D	$521.7(21)	192,121(2)	D
Class A Common Stock	11/21/2025		S(4)		200	D	$523.05(22)	191,921(2)	D
Class A Common Stock	11/21/2025		S(4)		440	D	$524.88(23)	191,481(2)	D
Class A Common Stock	11/21/2025		S(4)		240	D	$525.97(24)	191,241(2)	D
Class A Common Stock	11/21/2025		S(4)		80	D	$527.5(25)	191,161(2)	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. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs").

2. Certain of these securities are represented by RSUs.

3. Includes 26 shares acquired under the AppLovin Corporation 2021 Employee Stock Purchase Plan on November 20, 2025.

4. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2025.

5. The sales were executed in multiple trades at prices ranging from $492.23 to $492.28. 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 $494.87 to $495.86. 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.

7. The sales were executed in multiple trades at prices ranging from $495.90 to $496.55. 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.

8. The sales were executed in multiple trades at prices ranging from $499.97 to $500.45. 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 $501.84 to $501.92. 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 $504.20 to $504.44. 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 $505.96 to $506.85. 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.

12. The sales were executed in multiple trades at prices ranging from $509.19 to $509.99. 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.

13. The sales were executed in multiple trades at prices ranging from $510.22 to $511.21. 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.

14. The sales were executed in multiple trades at prices ranging from $511.22 to $512.10. 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 $512.30 to $513.29. 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 $513.76 to $514.40. 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 $515.35 to $516.30. 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 $516.59 to $516.86. 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.

19. The sales were executed in multiple trades at prices ranging from $519.00 to $519.86. 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.

20. The sales were executed in multiple trades at prices ranging from $520.01 to $520.95. 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 $521.65 to $522.34. 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.

22. The sales were executed in multiple trades at prices ranging from $522.82 to $523.49. 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 $524.30 to $525.20. 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.

24. The sales were executed in multiple trades at prices ranging from $525.79 to $526.05. 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.

25. The sales were executed in multiple trades at prices ranging from $527.28 to $527.71. 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.

Remarks:

	/s/ Victoria Valenzuela, Attorney-in-fact	11/24/2025
	** 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?

The filing reports AppLovin's Chief Financial Officer had shares withheld for taxes upon RSU vesting on 11/20/2025 and sold multiple small blocks of Class A common stock on 11/21/2025 under a pre-arranged Rule 10b5-1 trading plan.

How many AppLovin (APP) shares were withheld for taxes in this Form 4?

The company withheld 5,874 shares of AppLovin Class A common stock to satisfy income tax and withholding obligations related to vesting of previously reported RSUs on 11/20/2025.

At what prices did the AppLovin (APP) CFO sell shares on 11/21/2025?

The reported sales on 11/21/2025 were executed in multiple trades at weighted average prices, with disclosed ranges in the footnotes spanning from approximately $492.23 up to $527.71 per share.

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

After the reported withholding and sales, the CFO beneficially owns 191,161 shares of AppLovin Class A common stock.

Were the AppLovin (APP) CFO stock sales under a Rule 10b5-1 plan?

Yes. The filing states the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025.

Do the CFO’s holdings include shares from AppLovin’s 2021 Employee Stock Purchase Plan?

Yes. The filing notes that the beneficially owned amount includes 26 shares acquired under the AppLovin Corporation 2021 Employee Stock Purchase Plan on November 20, 2025.

What type of security is involved in this AppLovin (APP) Form 4?

All reported transactions involve Class A common stock of AppLovin Corp, including shares related to RSU vesting and ESPP acquisition.