FilingsForm 4

AppLovin director Chen Herald Y reported sales of 228,580 shares for $84.99 million made on May 13, 2025

Value$74.53 million direct, $10.46 million indirect
Shares200,000 direct, 28,580 indirect
Average price$371.80
FiledMay 15

Chen Herald Y, a director of AppLovin, reported sales of 228,580 shares at an average of $371.80 for $84.99 million, all made on May 13, 2025, in a Form 4, the report an insider files when trading the company's shares. The form shows 200,000 of the shares, sold for $74.53 million, as held directly and acquired that day by exercising options, and states 221,209 shares held directly after the last sale line. The other 8 sale lines are of shares held by The 2030 High Street Charitable Remainder Annuity Trust, for which the reporting person and his spouse serve as trustees, and the form states 171,420 shares held indirectly after the last sale line. The Form 4 was filed with the SEC on May 15, 2025, and its remarks label it Form 1 of 2.12345678910111213141516

How each figure was checked16 facts
  1. the issuerAppLovinOur database
  2. the reporting owner as filedChen Herald YOur database
  3. the reporting owner's role as fileddirectorOur database
  4. shares sold on the form228,580Our database
  5. average price per share of the sales (USD)$371.8Our database
  6. value of the sales on the form (USD)$84.99 millionOur database
  7. first trade date on the formMay 13, 2025Our database
  8. last trade date on the formMay 13, 2025Our database
  9. the sale lines by who held the sharesthe sale lines of this form, by who held the shares: held directly: 200000 shares for 74530290.73 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $360.32 to $360.71. The price reported reflects the weighted average sale price. (held indirectly): 600 shares for 216306 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $361.48 to $362.43. The price reported reflects the weighted average sale price. (held indirectly): 2200 shares for 796620 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $362.67 to $363.65. The price reported reflects the weighted average sale price. (held indirectly): 3700 shares for 1344099 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $363.67 to $364.66. The price reported reflects the weighted average sale price. (held indirectly): 2600 shares for 947128 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $364.67 to $365.66. The price reported reflects the weighted average sale price. (held indirectly): 2540 shares for 927125.4 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $365.67 to $366.59. The price reported reflects the weighted average sale price. (held indirectly): 4047 shares for 1481768.58 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $366.70 to $367.68. The price reported reflects the weighted average sale price. (held indirectly): 4009 shares for 1472345.34 USD; See footnote, footnote: The sales were executed in multiple trades at prices ranging from $367.70 to $368.69. The price reported reflects the weighted average sale price. (held indirectly): 8884 shares for 3270289.24 USDOur database
  10. how the shares of the sale lines are held20 sale lines held directly; 8 sale lines held indirectly (See footnote)Our database
  11. the form's exercise line (code M), shares acquired on the day of the salesexercise of a derivative security (code M): 200,000 shares acquired on May 13, 2025 at $5.05 per share; held directly; 421,209 owned after the lineOur database
  12. Footnote F30 of the Form 4 filed May 15, 2025 (it is attached to that document's line D1, D2)Form 4 footnotes and remarks, Form 4 filed May 15, 2025 ↗
  13. shares held after the last sale lineafter the last sale line the form states 221209.00 shares of Class A Common Stock held directly; 171420.00 shares of Class A Common Stock held indirectly (See footnote)Our database
  14. Footnote F22 of the Form 4 filed May 15, 2025 (it is attached to that document's line N23, N24, N25, N26, N27, N28, N29, N30)2030Form 4 footnotes and remarks, Form 4 filed May 15, 2025 ↗
  15. day the Form 4 was filedMay 15, 2025Our database
  16. the form's remarks, which read 'Form 1 of 2'2Form 4 footnotes and remarks, Form 4 filed May 15, 2025 ↗

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001562180-25-003907
Filed
May 15, 2025
Period of report
May 13, 2025
Reporting owner
Chen Herald Y (CIK 1348636)
Relationship
director
Rule 10b5-1 checkbox
Not ticked
Line 1
G (gift) · 200,000 Class A Common Stock at $0.00 · May 13, 2025 · disposed, directly · 221,209 held after
Line 2
M (exercise of a derivative security) · 200,000 Class A Common Stock at $5.05 · May 13, 2025 · acquired, directly · 421,209 held after
Line 3
S (sale) · 900 Class A Common Stock at $360.91 · May 13, 2025 · disposed, directly · 420,309 held after · footnote F1
Line 4
S (sale) · 2,000 Class A Common Stock at $362.20 · May 13, 2025 · disposed, directly · 418,309 held after · footnote F2
Line 5
S (sale) · 3,341 Class A Common Stock at $363.15 · May 13, 2025 · disposed, directly · 414,968 held after · footnote F3
Line 6
S (sale) · 2,182 Class A Common Stock at $364.10 · May 13, 2025 · disposed, directly · 412,786 held after · footnote F4
Line 7
S (sale) · 2,900 Class A Common Stock at $365.07 · May 13, 2025 · disposed, directly · 409,886 held after · footnote F5
Line 8
S (sale) · 4,789 Class A Common Stock at $366.10 · May 13, 2025 · disposed, directly · 405,097 held after · footnote F6
Line 9
S (sale) · 3,640 Class A Common Stock at $367.34 · May 13, 2025 · disposed, directly · 401,457 held after · footnote F7
Line 10
S (sale) · 8,795 Class A Common Stock at $368.19 · May 13, 2025 · disposed, directly · 392,662 held after · footnote F8
Line 11
S (sale) · 23,189 Class A Common Stock at $369.39 · May 13, 2025 · disposed, directly · 369,473 held after · footnote F9
Line 12
S (sale) · 29,485 Class A Common Stock at $370.07 · May 13, 2025 · disposed, directly · 339,988 held after · footnote F10
Line 13
S (sale) · 6,275 Class A Common Stock at $371.18 · May 13, 2025 · disposed, directly · 333,713 held after · footnote F11
Line 14
S (sale) · 4,785 Class A Common Stock at $372.30 · May 13, 2025 · disposed, directly · 328,928 held after · footnote F12
Line 15
S (sale) · 14,714 Class A Common Stock at $373.42 · May 13, 2025 · disposed, directly · 314,214 held after · footnote F13
Line 16
S (sale) · 22,637 Class A Common Stock at $374.27 · May 13, 2025 · disposed, directly · 291,577 held after · footnote F14
Line 17
S (sale) · 17,141 Class A Common Stock at $375.32 · May 13, 2025 · disposed, directly · 274,436 held after · footnote F15
Line 18
S (sale) · 15,077 Class A Common Stock at $376.23 · May 13, 2025 · disposed, directly · 259,359 held after · footnote F16
Line 19
S (sale) · 15,018 Class A Common Stock at $377.26 · May 13, 2025 · disposed, directly · 244,341 held after · footnote F17
Line 20
S (sale) · 14,541 Class A Common Stock at $378.23 · May 13, 2025 · disposed, directly · 229,800 held after · footnote F18
Line 21
S (sale) · 6,338 Class A Common Stock at $379.24 · May 13, 2025 · disposed, directly · 223,462 held after · footnote F19
Line 22
S (sale) · 2,253 Class A Common Stock at $380.08 · May 13, 2025 · disposed, directly · 221,209 held after · footnote F20
Line 23
S (sale) · 600 Class A Common Stock at $360.51 · May 13, 2025 · disposed, indirectly, See footnote · 199,400 held after · footnotes F21 and F22
Line 24
S (sale) · 2,200 Class A Common Stock at $362.10 · May 13, 2025 · disposed, indirectly, See footnote · 197,200 held after · footnotes F22 and F23
Line 25
S (sale) · 3,700 Class A Common Stock at $363.27 · May 13, 2025 · disposed, indirectly, See footnote · 193,500 held after · footnotes F22 and F24
Line 26
S (sale) · 2,600 Class A Common Stock at $364.28 · May 13, 2025 · disposed, indirectly, See footnote · 190,900 held after · footnotes F22 and F25
Line 27
S (sale) · 2,540 Class A Common Stock at $365.01 · May 13, 2025 · disposed, indirectly, See footnote · 188,360 held after · footnotes F22 and F26
Line 28
S (sale) · 4,047 Class A Common Stock at $366.14 · May 13, 2025 · disposed, indirectly, See footnote · 184,313 held after · footnotes F22 and F27
Line 29
S (sale) · 4,009 Class A Common Stock at $367.26 · May 13, 2025 · disposed, indirectly, See footnote · 180,304 held after · footnotes F22 and F28
Line 30
S (sale) · 8,884 Class A Common Stock at $368.11 · May 13, 2025 · disposed, indirectly, See footnote · 171,420 held after · footnotes F22 and F29
Derivative line 1
M (exercise of a derivative security) · 200,000 Stock Option (Right to Buy) at $0.00 · May 13, 2025 · disposed, directly · 1,480,201 held after · footnote F30
Derivative line 2
M (exercise of a derivative security) · 400,000 Stock Option (Right to Buy) at $0.00 · May 14, 2025 · disposed, directly · 1,080,201 held after · footnote F30
Footnote F1
The sales were executed in multiple trades at prices ranging from $360.50 to $361.45. 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 F2
The sales were executed in multiple trades at prices ranging from $361.51 to $362.49. 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.
Footnote F3
The sales were executed in multiple trades at prices ranging from $362.66 to $363.45. 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 F4
The sales were executed in multiple trades at prices ranging from $363.66 to $364.65. 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.
Footnote F5
The sales were executed in multiple trades at prices ranging from $364.66 to $365.63. 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 $365.67 to $366.57. 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 $366.72 to $367.70. 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 $367.73 to $368.72. 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 $368.73 to $369.71. 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 $369.75 to $370.74. 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.
Footnote F11
The sales were executed in multiple trades at prices ranging from $370.76 to $371.75. 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 $371.80 to $372.79. 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.
Footnote F13
The sales were executed in multiple trades at prices ranging from $372.80 to $373.79. 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.
Footnote F14
The sales were executed in multiple trades at prices ranging from $373.80 to $374.79. 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.
Footnote F15
The sales were executed in multiple trades at prices ranging from $374.80 to $375.79. 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.
Footnote F16
The sales were executed in multiple trades at prices ranging from $375.80 to $376.78. 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 F17
The sales were executed in multiple trades at prices ranging from $376.80 to $377.79. 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.
Footnote F18
The sales were executed in multiple trades at prices ranging from $377.80 to $378.80. 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 F19
The sales were executed in multiple trades at prices ranging from $378.80 to $379.71. 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 F20
The sales were executed in multiple trades at prices ranging from $379.85 to $380.56. 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 F21
The sales were executed in multiple trades at prices ranging from $360.32 to $360.71. 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 F22
Shares are held by The 2030 High Street Charitable Remainder Annuity Trust, for which the Reporting Person and his spouse serve as trustees.
Footnote F23
The sales were executed in multiple trades at prices ranging from $361.48 to $362.43. 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 F24
The sales were executed in multiple trades at prices ranging from $362.67 to $363.65. 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.
Footnote F25
The sales were executed in multiple trades at prices ranging from $363.67 to $364.66. 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 F26
The sales were executed in multiple trades at prices ranging from $364.67 to $365.66. 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 F27
The sales were executed in multiple trades at prices ranging from $365.67 to $366.59. 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 F28
The sales were executed in multiple trades at prices ranging from $366.70 to $367.68. 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 F29
The sales were executed in multiple trades at prices ranging from $367.70 to $368.69. 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 F30
The option is fully vested and exercisable.
Remarks
Form 1 of 2
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Insider purchases and sales of AppLovin shares, 12 months

Total$2.89 billion sold
KKR Group Partnership L.P. · sold, held indirectly$1.63 billion
Chen Herald Y · sold$460.26 million
Shikin Vasily · sold$336.78 million
Chen Herald Y · sold, held indirectly$140.28 million
Foroughi Arash Adam · sold$109.53 million
Vivas Eduardo · sold$77.84 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 May 15, 2025
  2. How we collect our data

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