[Form 4] Applovin Corporation Insider Trading Activity

Rhea-AI Filing Summary

Applovin Corp (APP) insider report: Director and Principal Accounting Officer Dmitriy Dorosh reported a transaction dated 08/20/2025 where 988 shares of Class A common stock were disposed at a price of $412.38 each. The filing states these shares were withheld by the issuer to satisfy tax withholding related to the vesting and net settlement of previously reported restricted stock units (RSUs). After the withholding, the reporting person beneficially owns 115,122 shares, some of which remain represented by RSUs. The form was signed by an attorney-in-fact on 08/22/2025.

Positive

• Transaction fully explained as issuer withholding to satisfy tax obligations, indicating administrative settlement rather than open-market selling
• Reporting person retains substantial holdings after the transaction: 115,122 shares beneficially owned

Negative

• 988-share disposition reduces insider ownership, though presented as tax withholding from vested RSUs

Insights

Securities Analyst

TL;DR: Routine tax-withholding disposition of vested RSUs; small share reduction relative to holdings, limited market impact.

The Form 4 discloses a Code F disposition of 988 Class A shares at $412.38, described explicitly as shares withheld by the issuer to satisfy income tax withholding on vesting and net settlement of RSUs. This is a common, administrative transaction that reduces the reporting person’s outstanding share count but does not indicate an open-market sale or change in ownership intent. Holdings following the transaction are 115,122 shares, and the filing shows some securities remain as RSUs. For investors, this filing is informational rather than signaling material corporate or governance change.

Corporate Governance Expert

TL;DR: Administrative adjustment from RSU net settlement; compliance with Section 16 reporting requirements appears satisfied.

The report identifies Dmitriy Dorosh as a director and Principal Accounting Officer and discloses the withholding of 988 shares to meet tax obligations on vested RSUs. The use of Code F and the explanatory remark make the purpose of the disposition clear and consistent with compensation settlement practices. The filing is signed via attorney-in-fact and lists the reporting person’s role, fulfilling disclosure norms. There is no indication of unusual governance actions or unexpected insider selling beyond routine compensation-related settlement.

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
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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).

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^*

Dorosh Dmitriy

(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)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		F		988(1)	D	$412.38	115,122(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.

Remarks:

	/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.

FAQ

What did Dmitriy Dorosh report on the Form 4 for APP?

The report discloses a disposition of 988 Class A shares on 08/20/2025 at $412.38 per share, withheld by the issuer to satisfy tax withholding on vested RSUs.

Why were the 988 shares disposed according to the filing?

The filing states the shares were 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 RSUs.

How many shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 115,122 shares.

Does this Form 4 show an open-market sale by the insider?

No. The filing explicitly states the disposition resulted from issuer withholding related to RSU vesting, not an open-market sale.

Who signed the Form 4 and when?

The filing is signed by Victoria Valenzuela, Attorney-in-fact on 08/22/2025.

What is the transaction code shown on the Form 4?

The filing shows Transaction Code F for the disposition of shares tied to RSU net settlement.