[Form 4] Applovin Corporation Insider Trading Activity

Q: What did Vasily Shikin (APP) disclose on the Form 4 filed for 08/22/2025?

The Form 4 discloses multiple sales of Class A common stock executed on 08/22/2025 under a Rule 10b5-1 plan, with weighted-average sale prices reported for grouped trades.

Q: Who holds the shares for the reporting person's family according to the filing?

The filing identifies shares as held by ES48 Holdings Trust and IS37 Holdings Trust for the benefit of the reporting person’s immediate family members.

Filing Impact

(High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Applovin Corp (APP) Chief Technology Officer Vasily Shikin reported multiple open-market sales of Class A common stock on 08/22/2025 under a Rule 10b5-1 trading plan adopted December 9, 2024. The Form 4 lists numerous transactions executed at weighted-average prices ranging roughly from $413.19 to $446.21 per share, with individual reported weighted-average prices shown for groups of trades. Following the transactions, shares beneficially owned in the reporting trusts declined from reported post-sale balances as high as 70,825 shares down to 53,389 shares in the final line reported on this form. The filing states the shares are held in ES48 Holdings Trust and IS37 Holdings Trust for immediate family beneficiaries and that the sales were effected pursuant to the pre-established 10b5-1 plan.

Positive

Sales executed under a Rule 10b5-1 trading plan, providing a pre-established framework for transactions
Reporting includes weighted-average prices and offers to provide per-trade details to regulators, the issuer, or security holders upon request

Negative

Beneficial holdings reported decreased from 70,825 shares to 53,389 shares across the transactions shown on this Form 4
Substantial number of shares sold on a single date (08/22/2025), which materially reduces insider ownership as presented in the filing

Insights

TL;DR: Multiple 08/22/2025 insider sales by CTO executed under a 10b5-1 plan reduced beneficial holdings materially.

The Form 4 discloses that Vasily Shikin, CTO of Applovin Corp, executed a series of sales on 08/22/2025 under a Rule 10b5-1 trading plan adopted 12/09/2024. The filing reports weighted-average sale prices across many trade groups from about $413.19 up to $446.21 per share. The post-transaction beneficial ownership figures shown in the table decline from amounts such as 70,825 shares to 53,389 shares across the reported lines, reflecting a reduction of 17,436 shares between those points as presented on this form. The filing identifies ES48 and IS37 Holdings Trusts as holders for immediate family members and includes undertakings to provide detailed trade-level breakdowns upon request.

TL;DR: Sales appear pre-planned under a 10b5-1 program, reducing insider-held shares without additional disclosures.

The Form 4 confirms the trades were made pursuant to an existing 10b5-1 plan, which is material to interpreting insider intent because such plans permit scheduled sales even absent changes in company fundamentals. The report documents multiple grouped sales with specified weighted-average prices and notes that detailed per-trade pricing is available upon request. The filing identifies indirect holding vehicles for family beneficiaries, which is relevant to beneficial ownership calculations and governance transparency.

08/22/2025 - 08:09 PM

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).

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/22/2025		S⁽¹⁾		64	D	$413.41⁽²⁾	70,825	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		424	D	$414.88⁽⁴⁾	70,401	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		530	D	$415.94⁽⁵⁾	69,871	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		22	D	$417.03⁽⁶⁾	69,849	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		403	D	$418.58⁽⁷⁾	69,446	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		233	D	$419.48⁽⁸⁾	69,213	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		255	D	$420.56⁽⁹⁾	68,958	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		21	D	$421.21	68,937	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		42	D	$422.94⁽¹⁰⁾	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⁽¹¹⁾	68,810	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		170	D	$427.97⁽¹²⁾	68,640	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		150	D	$429.1⁽¹³⁾	68,490	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		179	D	$430.69⁽¹⁴⁾	68,311	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		127	D	$431.57⁽¹⁵⁾	68,184	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		276	D	$432.77⁽¹⁶⁾	67,908	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		212	D	$433.73⁽¹⁷⁾	67,696	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		215	D	$435.2⁽¹⁸⁾	67,481	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		296	D	$436.81⁽¹⁹⁾	67,185	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		723	D	$437.78⁽²⁰⁾	66,462	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		1,140	D	$438.75⁽²¹⁾	65,322	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		1,527	D	$439.84⁽²²⁾	63,795	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		3,957	D	$440.74⁽²³⁾	59,838	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		3,852	D	$441.72⁽²⁴⁾	55,986	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		1,326	D	$442.75⁽²⁵⁾	54,660	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		658	D	$443.56⁽²⁶⁾	54,002	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		364	D	$444.7⁽²⁷⁾	53,638	I	See footnote⁽³⁾
Class A Common Stock	08/22/2025		S⁽¹⁾		228	D	$445.74⁽²⁸⁾	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	08/22/2025		S⁽¹⁾		64	D	$413.42⁽²⁾	70,825	I	See footnote⁽²⁹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $413.19 to $413.87. 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.

3. Shares are held by ES48 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 $414.46 to $415.41. 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 $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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. 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.

26. 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.

27. 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.

28. 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.

29. Shares are held by IS37 Holdings Trust for the benefit of the Reporting Person's immediate family members.

Remarks:

Form 2 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Vasily Shikin (APP) disclose on the Form 4 filed for 08/22/2025?

The Form 4 discloses multiple sales of Class A common stock executed on 08/22/2025 under a Rule 10b5-1 plan, with weighted-average sale prices reported for grouped trades.

Were the sales by the APP reporting person part of a planned program?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 9, 2024.

How much did the reporting person's beneficial ownership change after the transactions?

The table shows post-transaction beneficial ownership figures declining from entries such as 70,825 shares to 53,389 shares on this Form 4.

Who holds the shares for the reporting person's family according to the filing?

The filing identifies shares as held by ES48 Holdings Trust and IS37 Holdings Trust for the benefit of the reporting person’s immediate family members.

Does the Form 4 provide exact per-trade prices for each sale?

The Form 4 reports weighted-average prices for groups of trades and states the reporting person will provide full per-trade sale information upon request by the SEC staff, the issuer, or a security holder.

[Form 4] Applovin Corporation Insider Trading Activity

Insights

FAQ

What did Vasily Shikin (APP) disclose on the Form 4 filed for 08/22/2025?

Were the sales by the APP reporting person part of a planned program?

How much did the reporting person's beneficial ownership change after the transactions?

Who holds the shares for the reporting person's family according to the filing?

Does the Form 4 provide exact per-trade prices for each sale?

NASDAQ:APP

APP Rankings

APP Latest News

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Trending News

[Form 4] Applovin Corporation Insider Trading Activity

Insights

Securities Analyst neutral

Corporate Governance Expert neutral

FAQ

What did Vasily Shikin (APP) disclose on the Form 4 filed for 08/22/2025?

Were the sales by the APP reporting person part of a planned program?

How much did the reporting person's beneficial ownership change after the transactions?

Who holds the shares for the reporting person's family according to the filing?

Does the Form 4 provide exact per-trade prices for each sale?

NASDAQ:APP

APP Rankings

APP Latest News

APP Latest SEC Filings

APP Stock Data