FilingsForm 4

AppLovin CEO's Form 4 showed $3.9 million of share sales on Aug 20, 2025

Value$3.95 million, held indirectly
Shares9,706, held indirectly
Average price$406.57
FiledAug 22

Foroughi Arash Adam, listed on the form as AppLovin's CEO and chairperson, reported sales of 9,706 shares for $3.9 million on Aug 20, 2025, at an average of $406.57 a share, on a Form 4 (the form an insider files when trading the company's shares). All 30 sale lines were of shares held indirectly, through WNF 2020 LLC, The JAF Children's Trust and The OD Trust, which held them for the filer's children. The filer disclaimed beneficial ownership of the shares those holders held, and the form's Rule 10b5-1 box, the mark for trades made under a trading plan, was not ticked. The form was filed with the SEC on Aug 22, 2025 and is on its EDGAR site; its remarks read "Form 4 of 7".123456789101112131415

How each figure was checked15 facts
  1. the reporting owner as filedForoughi Arash AdamOur database
  2. the reporting owner's roledirector, officer (CEO & Chairperson) and owner of more than 10% of the sharesOur database
  3. the side of the tradessaleOur database
  4. shares in the sale lines9,706Our database
  5. value of the sale lines$3.95 millionOur database
  6. average price per share$406.57Our database
  7. first trade dateAug 20, 2025Our database
  8. last trade dateAug 20, 2025Our database
  9. how the sale lines were held30 sale lines held indirectly (See footnote)Our database
  10. footnote naming the holder of lines 1 to 15WNF 2020 LLCFootnotes and remarks of the Form 4, SEC EDGAR ↗
  11. footnote naming the holder of lines 16 to 24The JAF Children's TrustFootnotes and remarks of the Form 4, SEC EDGAR ↗
  12. footnote naming the holder of lines 25 to 30The OD TrustFootnotes and remarks of the Form 4, SEC EDGAR ↗
  13. the Rule 10b5-1 box on the formnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 planOur database
  14. the day the form was filedAug 22, 2025Our database
  15. the remarks the filer wrote on the form7Footnotes and remarks of the Form 4, SEC EDGAR ↗

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001562180-25-005964
Filed
Aug 22, 2025
Period of report
Aug 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
S (sale) · 391 Class A Common Stock at $393.48 · Aug 20, 2025 · disposed, indirectly, See footnote · 8,522 held after · footnotes F1 and F2
Line 2
S (sale) · 157 Class A Common Stock at $395.27 · Aug 20, 2025 · disposed, indirectly, See footnote · 8,365 held after · footnotes F2 and F3
Line 3
S (sale) · 100 Class A Common Stock at $396.21 · Aug 20, 2025 · disposed, indirectly, See footnote · 8,265 held after · footnote F2
Line 4
S (sale) · 290 Class A Common Stock at $398.83 · Aug 20, 2025 · disposed, indirectly, See footnote · 7,975 held after · footnotes F2 and F4
Line 5
S (sale) · 200 Class A Common Stock at $400.52 · Aug 20, 2025 · disposed, indirectly, See footnote · 7,775 held after · footnotes F2 and F5
Line 6
S (sale) · 300 Class A Common Stock at $401.55 · Aug 20, 2025 · disposed, indirectly, See footnote · 7,475 held after · footnotes F2 and F6
Line 7
S (sale) · 300 Class A Common Stock at $402.84 · Aug 20, 2025 · disposed, indirectly, See footnote · 7,175 held after · footnotes F2 and F7
Line 8
S (sale) · 313 Class A Common Stock at $403.92 · Aug 20, 2025 · disposed, indirectly, See footnote · 6,862 held after · footnotes F2 and F8
Line 9
S (sale) · 1,022 Class A Common Stock at $405.86 · Aug 20, 2025 · disposed, indirectly, See footnote · 5,840 held after · footnotes F2 and F9
Line 10
S (sale) · 1,432 Class A Common Stock at $406.87 · Aug 20, 2025 · disposed, indirectly, See footnote · 4,408 held after · footnotes F2 and F10
Line 11
S (sale) · 1,300 Class A Common Stock at $407.75 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,108 held after · footnotes F2 and F11
Line 12
S (sale) · 621 Class A Common Stock at $409.04 · Aug 20, 2025 · disposed, indirectly, See footnote · 2,487 held after · footnotes F2 and F12
Line 13
S (sale) · 400 Class A Common Stock at $410.48 · Aug 20, 2025 · disposed, indirectly, See footnote · 2,087 held after · footnotes F2 and F13
Line 14
S (sale) · 900 Class A Common Stock at $411.57 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,187 held after · footnotes F2 and F14
Line 15
S (sale) · 1,187 Class A Common Stock at $412.24 · Aug 20, 2025 · disposed, indirectly, See footnote · 0 held after · footnotes F2 and F15
Line 16
S (sale) · 22 Class A Common Stock at $393.38 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,978 held after · footnote F16
Line 17
S (sale) · 22 Class A Common Stock at $396.45 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,956 held after · footnote F16
Line 18
S (sale) · 44 Class A Common Stock at $401.13 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,912 held after · footnotes F16 and F17
Line 19
S (sale) · 88 Class A Common Stock at $405.86 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,824 held after · footnotes F16 and F18
Line 20
S (sale) · 92 Class A Common Stock at $406.82 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,732 held after · footnotes F16 and F19
Line 21
S (sale) · 44 Class A Common Stock at $407.80 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,688 held after · footnotes F16 and F20
Line 22
S (sale) · 22 Class A Common Stock at $409.39 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,666 held after · footnote F16
Line 23
S (sale) · 66 Class A Common Stock at $410.98 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,600 held after · footnotes F16 and F21
Line 24
S (sale) · 51 Class A Common Stock at $412.21 · Aug 20, 2025 · disposed, indirectly, See footnote · 3,030,549 held after · footnotes F16 and F22
Line 25
S (sale) · 22 Class A Common Stock at $393.56 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,978 held after · footnote F23
Line 26
S (sale) · 22 Class A Common Stock at $396.42 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,956 held after · footnote F23
Line 27
S (sale) · 44 Class A Common Stock at $401.09 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,912 held after · footnotes F23 and F24
Line 28
S (sale) · 110 Class A Common Stock at $406.24 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,802 held after · footnotes F23 and F25
Line 29
S (sale) · 99 Class A Common Stock at $407.39 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,703 held after · footnotes F23 and F26
Line 30
S (sale) · 45 Class A Common Stock at $408.82 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,658 held after · footnotes F23 and F27
Footnote F1
The sales were executed in multiple trades at prices ranging from $393.02 to $393.89. 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
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.
Footnote F3
The sales were executed in multiple trades at prices ranging from $395.09 to $395.58. 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 $398.32 to $399.14. 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 $400.21 to $400.83. 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 $401.39 to $401.88. 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 $402.62 to $403.25. 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 F8
The sales were executed in multiple trades at prices ranging from $403.75 to $404.03. 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 $405.32 to $406.18. 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 F10
The sales were executed in multiple trades at prices ranging from $406.34 to $407.29. 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 $407.37 to $408.12. 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 $408.55 to $409.44. 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 F13
The sales were executed in multiple trades at prices ranging from $410.03 to $410.74. 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 F14
The sales were executed in multiple trades at prices ranging from $411.06 to $411.97. 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 $412.09 to $412.72. 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 F16
Shares are held by The JAF Children's Trust 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 F17
The sales were executed in multiple trades at prices ranging from $401.10 to $401.16. 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 F18
The sales were executed in multiple trades at prices ranging from $405.32 to $406.20. 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 F19
The sales were executed in multiple trades at prices ranging from $406.33 to $407.20. 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 F20
The sales were executed in multiple trades at prices ranging from $407.68 to $407.92. 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 $410.48 to $411.34. 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 F22
The sales were executed in multiple trades at prices ranging from $412.14 to $412.29. 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
Shares are held by The OD Trust for which the Reporting Person's children are beneficiaries. 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 F24
The sales were executed in multiple trades at prices ranging from $400.99 to $401.18. 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 F25
The sales were executed in multiple trades at prices ranging from $405.93 to $406.88. 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 $407.14 to $407.66. 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 $408.53 to $409.32. 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.
Remarks
Form 4 of 7
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Insider purchases and sales of AppLovin shares, 12 months

Total$3.4 billion sold
KKR Group Partnership L.P. · sold, held indirectly$1.63 billion
Chen Herald Y · sold$781.46 million
Shikin Vasily · sold$360.51 million
Foroughi Arash Adam · sold$197.29 million
Chen Herald Y · sold, held indirectly$162.08 million
Vivas Eduardo · sold$58.25 million
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About AppLovin

AppLovin page →
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 22, 2025
  2. How we collect our data

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