FilingsForm 4

AppLovin director Chen Herald Y reported sales of 250,200 shares for $108.41 million from Aug 14 to Aug 15, 2025

Value$108.33 million direct, $84,837 indirect
Shares250,000 direct, 200 indirect
Average price$433.31
FiledAug 18

AppLovin director Chen Herald Y reported sales of 250,200 shares for $108.41 million from Aug 14 to Aug 15, 2025, at an average price of $433.31 a share. The Form 4, the form an insider files to report trades in the company's shares, shows 250,000 of the shares held directly and sold for $108.33 million, acquired on the days of the sales by exercising options, 200,000 on Aug 14 and 50,000 on Aug 15. It also shows 200 shares sold for $84,837 held indirectly by The Chen Family 2012 Irrevocable Trust, of which the reporting person and his spouse serve as trustees, and states 181,929 shares held directly and 189,800 held indirectly after the last sale line. The Form 4, marked as Form 1 of 2 in its remarks, was filed with the SEC on Aug 18, 2025, and its Rule 10b5-1 box is not ticked.1234567891011121314151617

How each figure was checked17 facts
  1. the reporting owner as filedChen Herald YOur database
  2. the reporting owner's relationship to the companydirectorOur database
  3. the side of the tradessaleOur database
  4. shares sold250,200Our database
  5. value of the sale$108.41 millionOur database
  6. average price per share$433.31Our database
  7. date of the first tradeAug 14, 2025Our database
  8. date of the last tradeAug 15, 2025Our database
  9. the sale lines by who held the sharesthe sale lines of this form, by who held the shares: held directly: 250000 shares for 108328288.83 USD; See footnote, footnote: Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees. (held indirectly): 200 shares for 84837 USDOur database
  10. the form's exercise line (code M) of the first day of salesexercise of a derivative security (code M): 200,000 shares acquired on Aug 14, 2025 at $5.05 per share; held directly; 381,929 owned after the lineOur database
  11. the form's exercise line (code M) of the second day of salesexercise of a derivative security (code M): 50,000 shares acquired on Aug 15, 2025 at $5.05 per share; held directly; 231,929 owned after the lineOur database
  12. Footnote F29 of the Form 4 filed Aug 18, 2025 (it is attached to that document's line D1, D2)SEC EDGAR, footnotes of the Form 4 filed Aug 18, 2025 ↗
  13. Footnote F28 of the Form 4 filed Aug 18, 2025 (it is attached to that document's line N29, N30)2012SEC EDGAR, footnotes of the Form 4 filed Aug 18, 2025 ↗
  14. shares held after the last sale lineafter the last sale line the form states 181929.00 shares of Class A Common Stock held directly; 189800.00 shares of Class A Common Stock held indirectly (See footnote)Our database
  15. the day the Form 4 was filedAug 18, 2025Our database
  16. the form's remarksForm 1 of 2SEC EDGAR, footnotes of the Form 4 filed Aug 18, 2025 ↗
  17. 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

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001562180-25-005859
Filed
Aug 18, 2025
Period of report
Aug 14, 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 · Aug 14, 2025 · acquired, directly · 381,929 held after · footnote F1
Line 2
S (sale) · 13,755 Class A Common Stock at $427.05 · Aug 14, 2025 · disposed, directly · 368,174 held after · footnotes F1 and F2
Line 3
S (sale) · 21,419 Class A Common Stock at $427.78 · Aug 14, 2025 · disposed, directly · 346,755 held after · footnotes F1 and F3
Line 4
S (sale) · 14,158 Class A Common Stock at $428.86 · Aug 14, 2025 · disposed, directly · 332,597 held after · footnotes F1 and F4
Line 5
S (sale) · 26,005 Class A Common Stock at $429.88 · Aug 14, 2025 · disposed, directly · 306,592 held after · footnotes F1 and F5
Line 6
S (sale) · 26,792 Class A Common Stock at $430.86 · Aug 14, 2025 · disposed, directly · 279,800 held after · footnotes F1 and F6
Line 7
S (sale) · 19,783 Class A Common Stock at $431.78 · Aug 14, 2025 · disposed, directly · 260,017 held after · footnotes F1 and F7
Line 8
S (sale) · 10,694 Class A Common Stock at $432.76 · Aug 14, 2025 · disposed, directly · 249,323 held after · footnotes F1 and F8
Line 9
S (sale) · 16,739 Class A Common Stock at $434.02 · Aug 14, 2025 · disposed, directly · 232,584 held after · footnotes F1 and F9
Line 10
S (sale) · 6,775 Class A Common Stock at $434.80 · Aug 14, 2025 · disposed, directly · 225,809 held after · footnotes F1 and F10
Line 11
S (sale) · 3,289 Class A Common Stock at $435.89 · Aug 14, 2025 · disposed, directly · 222,520 held after · footnotes F1 and F11
Line 12
S (sale) · 4,951 Class A Common Stock at $436.94 · Aug 14, 2025 · disposed, directly · 217,569 held after · footnotes F1 and F12
Line 13
S (sale) · 5,823 Class A Common Stock at $438.01 · Aug 14, 2025 · disposed, directly · 211,746 held after · footnotes F1 and F13
Line 14
S (sale) · 8,014 Class A Common Stock at $438.98 · Aug 14, 2025 · disposed, directly · 203,732 held after · footnotes F1 and F14
Line 15
S (sale) · 6,417 Class A Common Stock at $439.91 · Aug 14, 2025 · disposed, directly · 197,315 held after · footnotes F1 and F15
Line 16
S (sale) · 5,035 Class A Common Stock at $440.87 · Aug 14, 2025 · disposed, directly · 192,280 held after · footnotes F1 and F16
Line 17
S (sale) · 7,864 Class A Common Stock at $441.94 · Aug 14, 2025 · disposed, directly · 184,416 held after · footnotes F1 and F17
Line 18
S (sale) · 1,171 Class A Common Stock at $442.95 · Aug 14, 2025 · disposed, directly · 183,245 held after · footnotes F1 and F18
Line 19
S (sale) · 1,316 Class A Common Stock at $443.71 · Aug 14, 2025 · disposed, directly · 181,929 held after · footnotes F1 and F19
Line 20
M (exercise of a derivative security) · 50,000 Class A Common Stock at $5.05 · Aug 15, 2025 · acquired, directly · 231,929 held after · footnote F1
Line 21
S (sale) · 2,831 Class A Common Stock at $434.20 · Aug 15, 2025 · disposed, directly · 229,098 held after · footnotes F1 and F20
Line 22
S (sale) · 9,323 Class A Common Stock at $435.01 · Aug 15, 2025 · disposed, directly · 219,775 held after · footnotes F1 and F21
Line 23
S (sale) · 12,144 Class A Common Stock at $436.07 · Aug 15, 2025 · disposed, directly · 207,631 held after · footnotes F1 and F22
Line 24
S (sale) · 11,038 Class A Common Stock at $436.91 · Aug 15, 2025 · disposed, directly · 196,593 held after · footnotes F1 and F23
Line 25
S (sale) · 9,180 Class A Common Stock at $438.06 · Aug 15, 2025 · disposed, directly · 187,413 held after · footnotes F1 and F24
Line 26
S (sale) · 5,142 Class A Common Stock at $438.60 · Aug 15, 2025 · disposed, directly · 182,271 held after · footnotes F1 and F25
Line 27
S (sale) · 142 Class A Common Stock at $439.71 · Aug 15, 2025 · disposed, directly · 182,129 held after · footnotes F1 and F26
Line 28
S (sale) · 200 Class A Common Stock at $440.77 · Aug 15, 2025 · disposed, directly · 181,929 held after · footnotes F1 and F27
Line 29
S (sale) · 100 Class A Common Stock at $423.68 · Aug 15, 2025 · disposed, indirectly, See footnote · 189,900 held after · footnote F28
Line 30
S (sale) · 100 Class A Common Stock at $424.69 · Aug 15, 2025 · disposed, indirectly, See footnote · 189,800 held after · footnote F28
Derivative line 1
M (exercise of a derivative security) · 200,000 Stock Option (Right to Buy) at $0.00 · Aug 14, 2025 · disposed, directly · 380,201 held after · footnote F29
Derivative line 2
M (exercise of a derivative security) · 50,000 Stock Option (Right to Buy) at $0.00 · Aug 15, 2025 · disposed, directly · 330,201 held after · footnote F29
Footnote F1
Certain of these securities are represented by Restricted Stock Units ("RSUs").
Footnote F2
The sales were executed in multiple trades at prices ranging from $426.34 to $427.33. 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 $427.34 to $428.33. 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 $428.34 to $429.33. 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 $429.34 to $430.33. 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 $430.34 to $431.33. 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 $431.34 to $432.32. 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 $432.34 to $433.31. 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 $433.37 to $434.36. 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 $434.38 to $435.36. 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 $435.42 to $436.41. 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 F12
The sales were executed in multiple trades at prices ranging from $436.46 to $437.45. 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 F13
The sales were executed in multiple trades at prices ranging from $437.46 to $438.45. 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 F14
The sales were executed in multiple trades at prices ranging from $438.46 to $439.45. 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 F15
The sales were executed in multiple trades at prices ranging from $439.46 to $440.45. 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 F16
The sales were executed in multiple trades at prices ranging from $440.47 to $441.46. 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 F17
The sales were executed in multiple trades at prices ranging from $441.47 to $442.465. 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 $442.48 to $443.47. 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.
Footnote F19
The sales were executed in multiple trades at prices ranging from $443.48 to $443.79. 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 F20
The sales were executed in multiple trades at prices ranging from $433.50 to $434.49. 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 F21
The sales were executed in multiple trades at prices ranging from $434.50 to $435.49. 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 F22
The sales were executed in multiple trades at prices ranging from $435.50 to $436.49. 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 F23
The sales were executed in multiple trades at prices ranging from $436.50 to $437.47. 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.
Footnote F24
The sales were executed in multiple trades at prices ranging from $437.50 to $438.47. 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.
Footnote F25
The sales were executed in multiple trades at prices ranging from $438.50 to $439.23. 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.
Footnote F26
The sales were executed in multiple trades at prices ranging from $439.51 to $440.34. 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 $440.63 to $440.90. 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
Shares are held by The Chen Family 2012 Irrevocable Trust, for which the Reporting Person and his spouse serve as trustees.
Footnote F29
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$3.31 billion sold
KKR Group Partnership L.P. · sold, held indirectly$1.63 billion
Chen Herald Y · sold$781.46 million
Shikin Vasily · sold$347.38 million
Chen Herald Y · sold, held indirectly$162.08 million
Foroughi Arash Adam · sold$146.28 million
Vivas Eduardo · sold$78.04 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 Aug 18, 2025
  2. How we collect our data

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