[Form 4] Applovin Corporation Insider Trading Activity

Rhea-AI Filing Summary

Vasily Shikin, Chief Technology Officer of AppLovin Corp (APP), reported multiple dispositions of Class A common stock on 08/22/2025. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 9, 2024. The Form 4 lists numerous separate transactions executed at weighted-average prices ranging from approximately $415.94 to $446.69 (with footnotes showing execution price ranges for each grouped sale). The filing shows indirect beneficial ownership through two trusts: IK50 Holdings Trust (for immediate family) and The Shikin 2020 Irrevocable GST Trust (for children). The report lists a remaining indirect beneficial ownership position of 53,389 Class A shares following the transactions.

Insights

Financial Analyst

TL;DR: Insider sold multiple blocks of Class A shares under a pre-established 10b5-1 plan, reducing indirect holdings to 53,389 shares.

The filing documents systematic, pre-planned dispositions executed on a single date under a 10b5-1 plan adopted December 9, 2024. Transaction detail is granular: grouped weighted-average prices are provided for many trade blocks with footnotes disclosing execution price ranges. The information is procedural and transparent for compliance purposes; it does not disclose any company operational metrics or forward guidance. For investors, these are routine insider liquidity actions rather than operational signals.

Corporate Governance Expert

TL;DR: The report indicates compliant insider sales via a documented 10b5-1 plan and disclosure of trust-held indirect ownership.

The Form 4 identifies the reporting person’s role (Chief Technology Officer) and shows indirect ownership held in named trusts for family members and children. The filer includes footnote commitments to provide detailed per-trade information on request, which aligns with disclosure best practices. The filing contains no indication of amendments or irregularities; it is primarily a transparency/compliance disclosure of insider sales.

Insider Trade Summary

Net Seller: 17,012 shares

Net Sell 28 txns

Insider Shikin Vasily

Role Chief Technology Officer

Sold 17,012 shs ($7.46M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	530	$415.94	$220K
Sale	Class A Common Stock	21	$417.03	$9K
Sale	Class A Common Stock	403	$418.58	$169K
Sale	Class A Common Stock	234	$419.48	$98K
Sale	Class A Common Stock	254	$420.56	$107K
Sale	Class A Common Stock	21	$421.21	$9K
Sale	Class A Common Stock	43	$422.93	$18K
Sale	Class A Common Stock	21	$424.79	$9K
Sale	Class A Common Stock	64	$426.38	$27K
Sale	Class A Common Stock	169	$427.97	$72K
Sale	Class A Common Stock	151	$429.11	$65K
Sale	Class A Common Stock	178	$430.69	$77K
Sale	Class A Common Stock	127	$431.56	$55K
Sale	Class A Common Stock	276	$432.77	$119K
Sale	Class A Common Stock	212	$433.73	$92K
Sale	Class A Common Stock	216	$435.20	$94K
Sale	Class A Common Stock	296	$436.81	$129K
Sale	Class A Common Stock	723	$437.78	$317K
Sale	Class A Common Stock	1,140	$438.75	$500K
Sale	Class A Common Stock	1,527	$439.84	$672K
Sale	Class A Common Stock	3,956	$440.74	$1.74M
Sale	Class A Common Stock	3,852	$441.72	$1.70M
Sale	Class A Common Stock	1,327	$442.75	$588K
Sale	Class A Common Stock	658	$443.56	$292K
Sale	Class A Common Stock	363	$444.70	$161K
Sale	Class A Common Stock	229	$445.74	$102K
Sale	Class A Common Stock	21	$446.69	$9K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 478,839 shares (Indirect, See footnote)

Footnotes (27)

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, 2024.
2. F2. The sales were executed in multiple trades at prices ranging from $415.63 to $416.62. 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 IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.
4. F4. The sales were executed in multiple trades at prices ranging from $416.64 to $417.03. 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 $417.92 to $418.87. 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 $419.01 to $419.94. 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 $420.21 to $420.74. 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.
8. F8. The sales were executed in multiple trades at prices ranging from $422.70 to $423.17. 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.
9. F9. The sales were executed in multiple trades at prices ranging from $426.33 to $426.47. 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. F10. The sales were executed in multiple trades at prices ranging from $427.57 to $428.49. 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.
11. F11. The sales were executed in multiple trades at prices ranging from $428.68 to $429.65. 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. F12. The sales were executed in multiple trades at prices ranging from $430.20 to $431.18. 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. F13. The sales were executed in multiple trades at prices ranging from $431.22 to $431.79. 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. F14. The sales were executed in multiple trades at prices ranging from $432.22 to $433.21. 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.
15. F15. The sales were executed in multiple trades at prices ranging from $433.43 to $434.10. 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.
16. F16. The sales were executed in multiple trades at prices ranging from $434.81 to $435.79. 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. F17. The sales were executed in multiple trades at prices ranging from $436.19 to $437.11. 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. F18. The sales were executed in multiple trades at prices ranging from $437.21 to $438.20. 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.
19. F19. The sales were executed in multiple trades at prices ranging from $438.23 to $439.22. 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.
20. F20. The sales were executed in multiple trades at prices ranging from $439.24 to $440.23. 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. F21. The sales were executed in multiple trades at prices ranging from $440.24 to $441.22. 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.
22. F22. The sales were executed in multiple trades at prices ranging from $441.26 to $442.25. 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. F23. The sales were executed in multiple trades at prices ranging from $442.28 to $443.24. 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.
24. F24. The sales were executed in multiple trades at prices ranging from $443.29 to $444.20. 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.
25. F25. The sales were executed in multiple trades at prices ranging from $444.40 to $444.99. 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.
26. F26. The sales were executed in multiple trades at prices ranging from $445.43 to $446.21. 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.
27. F27. Shares are held by The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/22/2025 - 08:11 PM Learn about SEC filing dates

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)
08/22/2025

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	08/22/2025		S(1)		530	D	$415.94(2)	69,871	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		21	D	$417.03(4)	69,850	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		403	D	$418.58(5)	69,447	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		234	D	$419.48(6)	69,213	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		254	D	$420.56(7)	68,959	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		21	D	$421.21	68,938	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		43	D	$422.93(8)	68,895	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		21	D	$424.79	68,874	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		64	D	$426.38(9)	68,810	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		169	D	$427.97(10)	68,641	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		151	D	$429.11(11)	68,490	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		178	D	$430.69(12)	68,312	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		127	D	$431.56(13)	68,185	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		276	D	$432.77(14)	67,909	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		212	D	$433.73(15)	67,697	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		216	D	$435.2(16)	67,481	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		296	D	$436.81(17)	67,185	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		723	D	$437.78(18)	66,462	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		1,140	D	$438.75(19)	65,322	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		1,527	D	$439.84(20)	63,795	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		3,956	D	$440.74(21)	59,839	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		3,852	D	$441.72(22)	55,987	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		1,327	D	$442.75(23)	54,660	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		658	D	$443.56(24)	54,002	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		363	D	$444.7(25)	53,639	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		229	D	$445.74(26)	53,410	I	See footnote(3)
Class A Common Stock	08/22/2025		S(1)		21	D	$446.69	53,389	I	See footnote(3)
Class A Common Stock								425,450	I	See footnote(27)

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, 2024.

2. The sales were executed in multiple trades at prices ranging from $415.63 to $416.62. 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 $416.64 to $417.03. 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 $417.92 to $418.87. 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 $419.01 to $419.94. 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 $420.21 to $420.74. 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.

8. The sales were executed in multiple trades at prices ranging from $422.70 to $423.17. 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.

9. The sales were executed in multiple trades at prices ranging from $426.33 to $426.47. 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 $427.57 to $428.49. 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.

11. The sales were executed in multiple trades at prices ranging from $428.68 to $429.65. 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 $430.20 to $431.18. 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 $431.22 to $431.79. 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 $432.22 to $433.21. 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.

15. The sales were executed in multiple trades at prices ranging from $433.43 to $434.10. 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.

16. The sales were executed in multiple trades at prices ranging from $434.81 to $435.79. 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 $436.19 to $437.11. 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 $437.21 to $438.20. 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.

19. The sales were executed in multiple trades at prices ranging from $438.23 to $439.22. 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.

20. The sales were executed in multiple trades at prices ranging from $439.24 to $440.23. 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 $440.24 to $441.22. 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.

22. The sales were executed in multiple trades at prices ranging from $441.26 to $442.25. 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 $442.28 to $443.24. 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.

24. The sales were executed in multiple trades at prices ranging from $443.29 to $444.20. 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.

25. The sales were executed in multiple trades at prices ranging from $444.40 to $444.99. 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.

26. The sales were executed in multiple trades at prices ranging from $445.43 to $446.21. 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.

27. Shares are held by The Shikin 2020 Irrevocable GST Trust for the benefit of the Reporting Person's children.

Remarks:

Form 4 of 4

	/s/ Victoria Valenzuela, Attorney-in-fact	08/22/2025
	** 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.