Postgame
FilingsForm 4

AppLovin CEO's Form 4 showed $38.3 million of share sales between Aug 20 and Aug 21, 2025

From the public record1 min read

Published Filed
Value$37.89 million direct, $382,483 indirect
Shares90,000 direct, 927 indirect
Average price$420.95
FiledAug 22

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.

Foroughi Arash Adam, listed on the form as AppLovin's CEO and chairperson, reported sales of 90,927 shares for $38.3 million between Aug 20 and Aug 21, 2025, at an average of $420.95 a share, on a Form 4 (the form an insider files when trading the company's shares). The form listed 19 sale lines for shares held directly, 90,000 shares for $37.9 million, and 10 for shares held indirectly through The OD Trust, The WHK Trust and DLF 2020 LLC, 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 5 of 7".12345678910111213141516

How each figure was checked16 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 lines90,927Our database
  5. value of the sale lines$38.28 millionOur database
  6. average price per share$420.95Our database
  7. first trade dateAug 20, 2025Our database
  8. last trade dateAug 21, 2025Our database
  9. how the sale lines were held10 sale lines held indirectly (See footnote); 19 sale lines held directlyOur database
  10. the shares and value of the sale lines held directlyheld directly: 90000 shares for 37893588.04 USDOur database
  11. footnote naming the holder of line 1The OD TrustFootnotes and remarks of the Form 4, SEC EDGAR ↗
  12. footnote naming the holder of lines 2 to 9The WHK TrustFootnotes and remarks of the Form 4, SEC EDGAR ↗
  13. footnote naming the holder of lines 29 and 30DLF 2020 LLCFootnotes and remarks of the Form 4, SEC EDGAR ↗
  14. 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
  15. the day the form was filedAug 22, 2025Our database
  16. 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
0001562180-25-005965
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) · 108 Class A Common Stock at $412.07 · Aug 20, 2025 · disposed, indirectly, See footnote · 780,550 held after · footnotes F1 and F2
Line 2
S (sale) · 22 Class A Common Stock at $393.34 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,978 held after · footnote F3
Line 3
S (sale) · 22 Class A Common Stock at $396.47 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,956 held after · footnote F3
Line 4
S (sale) · 44 Class A Common Stock at $401.10 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,912 held after · footnotes F3 and F4
Line 5
S (sale) · 88 Class A Common Stock at $406.25 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,824 held after · footnotes F3 and F5
Line 6
S (sale) · 112 Class A Common Stock at $407.43 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,712 held after · footnotes F3 and F6
Line 7
S (sale) · 44 Class A Common Stock at $408.39 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,668 held after · footnotes F3 and F7
Line 8
S (sale) · 44 Class A Common Stock at $410.66 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,624 held after · footnotes F3 and F8
Line 9
S (sale) · 73 Class A Common Stock at $411.89 · Aug 20, 2025 · disposed, indirectly, See footnote · 1,530,551 held after · footnotes F3 and F9
Line 10
S (sale) · 800 Class A Common Stock at $412.82 · Aug 21, 2025 · disposed, directly · 2,709,254 held after · footnotes F10 and F11
Line 11
S (sale) · 500 Class A Common Stock at $414.12 · Aug 21, 2025 · disposed, directly · 2,708,754 held after · footnotes F11 and F12
Line 12
S (sale) · 300 Class A Common Stock at $415.05 · Aug 21, 2025 · disposed, directly · 2,708,454 held after · footnotes F11 and F13
Line 13
S (sale) · 2,500 Class A Common Stock at $416.17 · Aug 21, 2025 · disposed, directly · 2,705,954 held after · footnotes F11 and F14
Line 14
S (sale) · 5,408 Class A Common Stock at $417.21 · Aug 21, 2025 · disposed, directly · 2,700,546 held after · footnotes F11 and F15
Line 15
S (sale) · 24,844 Class A Common Stock at $418.21 · Aug 21, 2025 · disposed, directly · 2,675,702 held after · footnotes F11 and F16
Line 16
S (sale) · 17,923 Class A Common Stock at $418.99 · Aug 21, 2025 · disposed, directly · 2,657,779 held after · footnotes F11 and F17
Line 17
S (sale) · 5,319 Class A Common Stock at $420.14 · Aug 21, 2025 · disposed, directly · 2,652,460 held after · footnotes F11 and F18
Line 18
S (sale) · 4,488 Class A Common Stock at $421.12 · Aug 21, 2025 · disposed, directly · 2,647,972 held after · footnotes F11 and F19
Line 19
S (sale) · 3,256 Class A Common Stock at $422.05 · Aug 21, 2025 · disposed, directly · 2,644,716 held after · footnotes F11 and F20
Line 20
S (sale) · 878 Class A Common Stock at $423.37 · Aug 21, 2025 · disposed, directly · 2,643,838 held after · footnotes F11 and F21
Line 21
S (sale) · 2,832 Class A Common Stock at $424.15 · Aug 21, 2025 · disposed, directly · 2,641,006 held after · footnotes F11 and F22
Line 22
S (sale) · 4,283 Class A Common Stock at $425.18 · Aug 21, 2025 · disposed, directly · 2,636,723 held after · footnotes F11 and F23
Line 23
S (sale) · 3,077 Class A Common Stock at $426.05 · Aug 21, 2025 · disposed, directly · 2,633,646 held after · footnotes F11 and F24
Line 24
S (sale) · 1,803 Class A Common Stock at $427.23 · Aug 21, 2025 · disposed, directly · 2,631,843 held after · footnotes F11 and F25
Line 25
S (sale) · 4,403 Class A Common Stock at $428.18 · Aug 21, 2025 · disposed, directly · 2,627,440 held after · footnotes F11 and F26
Line 26
S (sale) · 3,497 Class A Common Stock at $429.20 · Aug 21, 2025 · disposed, directly · 2,623,943 held after · footnotes F11 and F27
Line 27
S (sale) · 2,347 Class A Common Stock at $430.37 · Aug 21, 2025 · disposed, directly · 2,621,596 held after · footnotes F11 and F28
Line 28
S (sale) · 1,542 Class A Common Stock at $431.33 · Aug 21, 2025 · disposed, directly · 2,620,054 held after · footnotes F11 and F29
Line 29
C (conversion of a derivative security) · 775 Class A Common Stock at $0.00 · Aug 21, 2025 · acquired, indirectly, See footnote · 775 held after · footnote F30
Line 30
S (sale) · 370 Class A Common Stock at $420.18 · Aug 21, 2025 · disposed, indirectly, See footnote · 405 held after · footnotes F30 and F31
Footnote F1
The sales were executed in multiple trades at prices ranging from $411.84 to $412.34. 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 F2
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 F3
Shares are held by The WHK Trust for the benefit of the Reporting Persons 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 $401.02 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 F5
The sales were executed in multiple trades at prices ranging from $405.83 to $406.57. 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 F6
The sales were executed in multiple trades at prices ranging from $407.01 to $407.83. 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 F7
The sales were executed in multiple trades at prices ranging from $408.05 to $408.72. 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 F8
The sales were executed in multiple trades at prices ranging from $410.22 to $411.10. 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 F9
The sales were executed in multiple trades at prices ranging from $411.30 to $412.23. 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 F10
The sales were executed in multiple trades at prices ranging from $412.43 to $413.05. 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 F11
Certain of these securities are represented by Restricted Stock Units ("RSUs").
Footnote F12
The sales were executed in multiple trades at prices ranging from $413.54 to $414.34. 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 F13
The sales were executed in multiple trades at prices ranging from $414.55 to $415.30. 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 $415.64 to $416.61. 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 $416.64 to $417.63. 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 F16
The sales were executed in multiple trades at prices ranging from $417.64 to $418.63. 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 F17
The sales were executed in multiple trades at prices ranging from $418.64 to $419.60. 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 $419.64 to $420.61. 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 $420.64 to $421.63. 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 F20
The sales were executed in multiple trades at prices ranging from $421.64 to $422.59. 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 F21
The sales were executed in multiple trades at prices ranging from $422.66 to $423.65. 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 F22
The sales were executed in multiple trades at prices ranging from $423.66 to $424.65. 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 F23
The sales were executed in multiple trades at prices ranging from $424.66 to $425.65. 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 F24
The sales were executed in multiple trades at prices ranging from $425.67 to $426.57. 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 F25
The sales were executed in multiple trades at prices ranging from $426.69 to $427.68. 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 F26
The sales were executed in multiple trades at prices ranging from $427.77 to $428.75. 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 F27
The sales were executed in multiple trades at prices ranging from $428.77 to $429.76. 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 $429.83 to $430.77. 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 $430.84 to $431.61. 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 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 F31
The sales were executed in multiple trades at prices ranging from $419.72 to $420.49. 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.
Remarks
Form 5 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

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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 22, 2025
  2. How we collect our data
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