Postgame
FilingsForm 4

AppLovin director Herald Y. Chen sold $64.93 million of shares in February 2025

From the public record1 min read

Published Updated Filed
Value$64.93 million
Shares200,000
Average price$324.65
FiledMar 4

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Herald Y. Chen, a director of AppLovin, sold 200,000 Class A shares of the company for $64.93 million on Feb 28, 2025, shares acquired that day by exercising stock options; the form states 621,209 Class A shares held directly after the last sale. The shares were held directly and sold at an average of $324.65 a share. The form's Rule 10b5-1 trading plan box was not ticked. The sale was reported on a Form 4, the form an insider files when trading the company's shares, filed with the SEC on Mar 4, 2025.1234567891011121314

How each figure was checked14 facts
  1. the reporting owner as filed, surname firstChen Herald YOur database
  2. the reporting owner's relationship to the issuerdirectorOur database
  3. the side of the trades on the formsaleOur database
  4. shares sold across the sale lines200,000Our database
  5. value of the sale lines in US dollars$64.93 millionOur database
  6. date of the first sale lineFeb 28, 2025Our database
  7. date of the last sale lineFeb 28, 2025Our database
  8. the class of stock the form states after the last sale line (Class A Common Stock, held directly)after the last sale line the form states 621209.00 shares of Class A Common Stock held directlyOur database
  9. the exercise line of the shares table: 200,000 shares acquired that day on an exerciseexercise of a derivative security (code M): 200,000 shares acquired on Feb 28, 2025 at $5.05 per share; held directly; 821,209 owned after the lineOur database
  10. the stock options left after the exercise line of the derivative table1,680,201 shares of Stock Option (Right to Buy) owned after this line, held directlyOur database
  11. average price per share of the sale lines in US dollars$324.65Our database
  12. how the shares of the sale lines were held13 sale lines held directlyOur database
  13. the form's Rule 10b5-1 checkboxnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 planOur database
  14. the day the Form 4 was filedMar 4, 2025Our database

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001562180-25-002003
Filed
Mar 4, 2025
Period of report
Feb 28, 2025
Reporting owner
Chen Herald Y (CIK 1348636)
Relationship
director
Rule 10b5-1 checkbox
Not ticked
Line 1
M (exercise of a derivative security) · 200,000 Class A Common Stock at $5.05 · Feb 28, 2025 · acquired, directly · 821,209 held after
Line 2
S (sale) · 3,853 Class A Common Stock at $319.12 · Feb 28, 2025 · disposed, directly · 817,356 held after · footnote F1
Line 3
S (sale) · 12,383 Class A Common Stock at $319.88 · Feb 28, 2025 · disposed, directly · 804,973 held after · footnote F2
Line 4
S (sale) · 6,548 Class A Common Stock at $320.94 · Feb 28, 2025 · disposed, directly · 798,425 held after · footnote F3
Line 5
S (sale) · 15,544 Class A Common Stock at $321.96 · Feb 28, 2025 · disposed, directly · 782,881 held after · footnote F4
Line 6
S (sale) · 12,476 Class A Common Stock at $323.05 · Feb 28, 2025 · disposed, directly · 770,405 held after · footnote F5
Line 7
S (sale) · 31,182 Class A Common Stock at $324.11 · Feb 28, 2025 · disposed, directly · 739,223 held after · footnote F6
Line 8
S (sale) · 32,418 Class A Common Stock at $325.02 · Feb 28, 2025 · disposed, directly · 706,805 held after · footnote F7
Line 9
S (sale) · 51,831 Class A Common Stock at $325.87 · Feb 28, 2025 · disposed, directly · 654,974 held after · footnote F8
Line 10
S (sale) · 16,054 Class A Common Stock at $326.91 · Feb 28, 2025 · disposed, directly · 638,920 held after · footnote F9
Line 11
S (sale) · 8,134 Class A Common Stock at $327.97 · Feb 28, 2025 · disposed, directly · 630,786 held after · footnote F10
Line 12
S (sale) · 5,741 Class A Common Stock at $328.92 · Feb 28, 2025 · disposed, directly · 625,045 held after · footnote F11
Line 13
S (sale) · 3,311 Class A Common Stock at $329.91 · Feb 28, 2025 · disposed, directly · 621,734 held after · footnote F12
Line 14
S (sale) · 525 Class A Common Stock at $330.92 · Feb 28, 2025 · disposed, directly · 621,209 held after · footnote F13
Line 15
G (gift) · 200,000 Class A Common Stock at $0.00 · Mar 3, 2025 · disposed, directly · 421,209 held after
Line 16
G (gift) · 200,000 Class A Common Stock at $0.00 · Mar 3, 2025 · acquired, indirectly, See footnote · 200,000 held after · footnote F14
Derivative line 1
M (exercise of a derivative security) · 200,000 Stock Option (Right to Buy) at $0.00 · Feb 28, 2025 · disposed, directly · 1,680,201 held after · footnote F16
Footnote F1
The sales were executed in multiple trades at prices ranging from $318.44 to $319.43. 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.
Footnote F2
The sales were executed in multiple trades at prices ranging from $319.44 to $320.41. 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.
Footnote F3
The sales were executed in multiple trades at prices ranging from $320.46 to $321.44. 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.
Footnote F4
The sales were executed in multiple trades at prices ranging from $321.46 to $322.45. 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.
Footnote F5
The sales were executed in multiple trades at prices ranging from $322.49 to $323.48. 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.
Footnote F6
The sales were executed in multiple trades at prices ranging from $323.49 to $324.485. 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.
Footnote F7
The sales were executed in multiple trades at prices ranging from $324.49 to $325.48. 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.
Footnote F8
The sales were executed in multiple trades at prices ranging from $325.49 to $326.48. 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.
Footnote F9
The sales were executed in multiple trades at prices ranging from $326.49 to $327.48. 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.
Footnote F10
The sales were executed in multiple trades at prices ranging from $327.49 to $328.48. 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.
Footnote F11
The sales were executed in multiple trades at prices ranging from $328.50 to $329.46. 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.
Footnote F12
The sales were executed in multiple trades at prices ranging from $329.50 to $330.40. 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.
Footnote F13
The sales were executed in multiple trades at prices ranging from $330.60 to $331.10. 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.
Footnote F14
Shares are held by The 2030 High Street Charitable Remainder Annuity Trust, for which the Reporting Person and his spouse serve as trustees.
Footnote F15
Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
Footnote F16
The option is fully vested and exercisable.
Open the source ↗

Insider purchases and sales of AppLovin shares, 12 months

Total$5.14 billion sold
KKR Group Partnership L.P. · sold, held indirectly$4.18 billion
Shikin Vasily · sold$329.53 million
Chen Herald Y · sold$245.34 million
Foroughi Arash Adam · sold$109.53 million
Vivas Eduardo · sold$77.91 million
Chen Herald Y · sold, held indirectly$65.75 million
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About AppLovin

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Revenue$5.48 billionYear to Dec 31, 2025 · +69.99% year over year
Operating income$4.15 billionYear to Dec 31, 2025 · +117.27% year over year
Net income$3.33 billionYear to Dec 31, 2025 · +111.03% year over year

Source: SEC EDGAR XBRL financial data · filed Aug 5, 2026

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Sources

  1. SEC EDGAR, Form 4 filed Mar 4, 2025
  2. How we collect our data
AppLovin

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