December 18, 2025 · Form 4 insider transaction
Valenzuela Victoria sold 7,609 shares of AppLovin Corporation at $657.13 per share, a transaction worth $5.00M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
The reporting person contributed the Class A Common Stock to an exchange fund in exchange for the right to receive shares in the exchange fund at a later date which is expected to be at least seven years from the date of transfer. The shares were originally transferred into an escrow account on December 5, 2025 before the official contribution on December 18, 2025. The reporting person has no further voting control over the transferred shares, nor does she control the investment decisions of the exchange fund or the shares she ultimately receives in exchange for the transferred shares. For purposes of determining the number of shares of the exchange fund issuable pursuant to such exchange, the Class A Common Stock was valued at $657.13, which was the closing price of the Class A Common Stock on The Nasdaq Global Select Market on the day prior to the exchange.; Certain of these securities are represented by Restricted Stock Units ("RSUs").