FilingsForm 4

AppLovin shares held for the CEO's children were sold for $20.47 million on May 20, 2025

Value$20.47 million, held indirectly
Shares56,300, held indirectly
Average price$363.64
FiledMay 22

On May 20, 2025, limited liability companies that held AppLovin shares for the benefit of the children of CEO and chairperson Foroughi Arash Adam sold 56,300 shares for $20.47 million, an average of $363.64 a share. The filing listed the shares as held indirectly, and Foroughi Arash Adam, the reporting person, disclaimed beneficial ownership of them. The sales are in a Form 4, the form an insider files when trading the company's shares, filed on May 22, 2025.12345678910111213

How each figure was checked13 facts
  1. date of the salesMay 20, 2025Our database
  2. the reporting owner as filedForoughi Arash AdamOur database
  3. the owner's role as the form gives itdirector, officer (CEO & Chairperson) and owner of more than 10% of the sharesOur database
  4. shares sold56,300Our database
  5. value of the sales$20.47 millionOur database
  6. average price per share$363.64Our database
  7. footnote F3: who holds the shares of its linesFootnotes of the Form 4 filed May 22, 2025 ↗
  8. footnote F11: who holds the shares of its linesFootnotes of the Form 4 filed May 22, 2025 ↗
  9. footnote F19: who holds the shares of its linesFootnotes of the Form 4 filed May 22, 2025 ↗
  10. footnote F27: who holds the shares of its linesFootnotes of the Form 4 filed May 22, 2025 ↗
  11. how the sold shares were held25 sale lines held indirectly (See footnote)Our database
  12. the reporting person disclaims beneficial ownershipFootnotes of the Form 4 filed May 22, 2025 ↗
  13. day the form was filedMay 22, 2025Our database

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001562180-25-004100
Filed
May 22, 2025
Period of report
May 20, 2025
Reporting owner
Foroughi Arash Adam (CIK 1848395)
Relationship
director, officer (CEO & Chairperson) and owner of more than 10% of the shares
Rule 10b5-1 checkbox
Not ticked
Line 1
F (payment of an exercise price or tax in shares) · 9,129 Class A Common Stock at $363.06 · May 20, 2025 · disposed, directly · 2,860,363 held after · footnotes F1 and F2
Line 2
C (conversion of a derivative security) · 15,000 Class A Common Stock at $0.00 · May 20, 2025 · acquired, indirectly, See footnote · 15,000 held after · footnote F3
Line 3
S (sale) · 3,395 Class A Common Stock at $361.92 · May 20, 2025 · disposed, indirectly, See footnote · 11,605 held after · footnotes F3 and F4
Line 4
S (sale) · 4,905 Class A Common Stock at $362.63 · May 20, 2025 · disposed, indirectly, See footnote · 6,700 held after · footnotes F3 and F5
Line 5
S (sale) · 2,000 Class A Common Stock at $363.69 · May 20, 2025 · disposed, indirectly, See footnote · 4,700 held after · footnotes F3 and F6
Line 6
S (sale) · 1,000 Class A Common Stock at $364.82 · May 20, 2025 · disposed, indirectly, See footnote · 3,700 held after · footnotes F3 and F7
Line 7
S (sale) · 1,300 Class A Common Stock at $366.10 · May 20, 2025 · disposed, indirectly, See footnote · 2,400 held after · footnotes F3 and F8
Line 8
S (sale) · 1,200 Class A Common Stock at $367.16 · May 20, 2025 · disposed, indirectly, See footnote · 1,200 held after · footnotes F3 and F9
Line 9
S (sale) · 1,200 Class A Common Stock at $367.93 · May 20, 2025 · disposed, indirectly, See footnote · 0 held after · footnotes F3 and F10
Line 10
C (conversion of a derivative security) · 15,000 Class A Common Stock at $0.00 · May 20, 2025 · acquired, indirectly, See footnote · 15,000 held after · footnote F11
Line 11
S (sale) · 3,195 Class A Common Stock at $361.91 · May 20, 2025 · disposed, indirectly, See footnote · 11,805 held after · footnotes F11 and F12
Line 12
S (sale) · 4,990 Class A Common Stock at $362.60 · May 20, 2025 · disposed, indirectly, See footnote · 6,815 held after · footnotes F11 and F13
Line 13
S (sale) · 2,200 Class A Common Stock at $363.70 · May 20, 2025 · disposed, indirectly, See footnote · 4,615 held after · footnotes F11 and F14
Line 14
S (sale) · 1,000 Class A Common Stock at $364.84 · May 20, 2025 · disposed, indirectly, See footnote · 3,615 held after · footnotes F11 and F15
Line 15
S (sale) · 1,200 Class A Common Stock at $366.18 · May 20, 2025 · disposed, indirectly, See footnote · 2,415 held after · footnotes F11 and F16
Line 16
S (sale) · 1,300 Class A Common Stock at $367.23 · May 20, 2025 · disposed, indirectly, See footnote · 1,115 held after · footnotes F11 and F17
Line 17
S (sale) · 1,115 Class A Common Stock at $368.00 · May 20, 2025 · disposed, indirectly, See footnote · 0 held after · footnotes F11 and F18
Line 18
C (conversion of a derivative security) · 15,000 Class A Common Stock at $0.00 · May 20, 2025 · acquired, indirectly, See footnote · 15,000 held after · footnote F19
Line 19
S (sale) · 3,113 Class A Common Stock at $361.87 · May 20, 2025 · disposed, indirectly, See footnote · 11,887 held after · footnotes F19 and F20
Line 20
S (sale) · 4,787 Class A Common Stock at $362.58 · May 20, 2025 · disposed, indirectly, See footnote · 7,100 held after · footnotes F19 and F21
Line 21
S (sale) · 1,900 Class A Common Stock at $363.50 · May 20, 2025 · disposed, indirectly, See footnote · 5,200 held after · footnotes F19 and F22
Line 22
S (sale) · 1,300 Class A Common Stock at $364.56 · May 20, 2025 · disposed, indirectly, See footnote · 3,900 held after · footnotes F19 and F23
Line 23
S (sale) · 800 Class A Common Stock at $365.65 · May 20, 2025 · disposed, indirectly, See footnote · 3,100 held after · footnotes F19 and F24
Line 24
S (sale) · 1,500 Class A Common Stock at $366.79 · May 20, 2025 · disposed, indirectly, See footnote · 1,600 held after · footnotes F19 and F25
Line 25
S (sale) · 1,600 Class A Common Stock at $367.85 · May 20, 2025 · disposed, indirectly, See footnote · 0 held after · footnotes F19 and F26
Line 26
C (conversion of a derivative security) · 15,000 Class A Common Stock at $0.00 · May 20, 2025 · acquired, indirectly, See footnote · 15,000 held after · footnote F27
Line 27
S (sale) · 3,455 Class A Common Stock at $361.87 · May 20, 2025 · disposed, indirectly, See footnote · 11,545 held after · footnotes F4 and F27
Line 28
S (sale) · 4,845 Class A Common Stock at $362.66 · May 20, 2025 · disposed, indirectly, See footnote · 6,700 held after · footnotes F27 and F28
Line 29
S (sale) · 2,000 Class A Common Stock at $363.74 · May 20, 2025 · disposed, indirectly, See footnote · 4,700 held after · footnotes F6 and F27
Line 30
S (sale) · 1,000 Class A Common Stock at $364.75 · May 20, 2025 · disposed, indirectly, See footnote · 3,700 held after · footnotes F27 and F29
Derivative line 1
C (conversion of a derivative security) · 15,000 Class B Common Stock at $0.00 · May 20, 2025 · disposed, indirectly, See footnote · 222,283 held after · footnotes F3 and F30
Derivative line 2
C (conversion of a derivative security) · 15,000 Class B Common Stock at $0.00 · May 20, 2025 · disposed, indirectly, See footnote · 222,283 held after · footnotes F11 and F30
Derivative line 3
C (conversion of a derivative security) · 15,000 Class B Common Stock at $0.00 · May 20, 2025 · disposed, indirectly, See footnote · 222,283 held after · footnotes F19 and F30
Derivative line 4
C (conversion of a derivative security) · 15,000 Class B Common Stock at $0.00 · May 20, 2025 · disposed, indirectly, See footnote · 222,283 held after · footnotes F27 and F30
Derivative line 5
C (conversion of a derivative security) · 15,000 Class B Common Stock at $0.00 · May 20, 2025 · disposed, indirectly, See footnote · 222,283 held after · footnotes F30 and F31
Footnote F1
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").
Footnote F2
Certain of these securities are represented by RSUs.
Footnote F3
Shares are held by DLF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Footnote F4
The sales were executed in multiple trades at prices ranging from $361.23 to $362.22. 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.
Footnote F5
The sales were executed in multiple trades at prices ranging from $362.23 to $363.18. 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.
Footnote F6
The sales were executed in multiple trades at prices ranging from $363.24 to $364.21. 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.
Footnote F7
The sales were executed in multiple trades at prices ranging from $364.41 to $365.35. 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 $365.61 to $366.51. 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 $366.70 to $367.53. 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 $367.75 to $368.27. 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
Shares are held by HDF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Footnote F12
The sales were executed in multiple trades at prices ranging from $361.25 to $362.24. 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.
Footnote F13
The sales were executed in multiple trades at prices ranging from $362.25 to $363.05. 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 $363.27 to $364.21. 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.
Footnote F15
The sales were executed in multiple trades at prices ranging from $364.50 to $365.39. 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 $365.52 to $366.51. 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 $366.70 to $367.56. 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 F18
The sales were executed in multiple trades at prices ranging from $367.75 to $368.43. 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 F19
Shares are held by KMF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Footnote F20
The sales were executed in multiple trades at prices ranging from $361.15 to $362.13. 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 $362.15 to $363.05. 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
The sales were executed in multiple trades at prices ranging from $363.17 to $364.16. 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 F23
The sales were executed in multiple trades at prices ranging from $364.17 to $364.87. 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.
Footnote F24
The sales were executed in multiple trades at prices ranging from $365.17 to $366.08. 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 $366.27 to $367.25. 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.
Footnote F26
The sales were executed in multiple trades at prices ranging from $367.36 to $368.27. 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
Shares are held by OHF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Footnote F28
The sales were executed in multiple trades at prices ranging from $362.23 to $363.20. 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.
Footnote F29
The sales were executed in multiple trades at prices ranging from $364.37 to $364.98. 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
Shares of Class B Common Stock are exchangeable at any time, at the option of the Reporting Person and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock.
Footnote F31
Shares are held by WNF 2020 LLC for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Remarks
Form 1 or 2
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Insider purchases and sales of AppLovin shares, 12 months

Total$2.97 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
Foroughi Arash Adam · sold$146.28 million
Chen Herald Y · sold, held indirectly$140.28 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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  1. SEC EDGAR, Form 4 filed May 22, 2025
  2. How we collect our data

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