FilingsForm 4

AppLovin CEO's Form 4 reported $10.08 million of share sales made on Nov 20, 2025

Value$10.08 million, held indirectly
Shares18,918, held indirectly
Average price$532.62
FiledNov 24

A Form 4, the form an insider files when trading the company's shares, from AppLovin CEO and chairperson Foroughi Arash Adam reported sales of 18,918 shares for $10.08 million, at an average of $532.62 a share, on Nov 20, 2025. The form listed the sales as held indirectly, in a trust for the reporting person's children. The form's Rule 10b5-1 box, which flags sales made under a plan set in advance, was not ticked; a further line on the form, for shares the company withheld for taxes, was not a sale. The form, marked in its remarks as Form 1 of 4, was filed with the SEC on Nov 24, 2025 and is on EDGAR, the SEC's filing database.123456789101112131415

How each figure was checked15 facts
  1. the reporting owner as the form names themForoughi Arash AdamOur database
  2. the reporting owner's role at the companydirector, officer (CEO & Chairperson) and owner of more than 10% of the sharesOur database
  3. the side of the tradesaleOur database
  4. shares in the sale lines18,918Our database
  5. value of the sale lines$10.08 millionOur database
  6. average price per share of the sale lines$532.62Our database
  7. first day of the tradesNov 20, 2025Our database
  8. last day of the tradesNov 20, 2025Our database
  9. how the shares of the sale lines were held29 sale lines held indirectly (See footnote)Our database
  10. footnote F4: a trust holds the sharesa trust for the reporting person's children holds the sharesFootnotes and remarks of the same Form 4 ↗
  11. 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
  12. the form's other line: shares paid in taxThe form also lists 1 line for payment of an exercise price or tax in shares.Our database
  13. footnote F1: the line is shares withheld for tax, not a salethe line is shares withheld by the company for tax, not a saleFootnotes and remarks of the same Form 4 ↗
  14. the day the Form 4 was filedNov 24, 2025Our database
  15. the remarks line of the Form 4Form 1 of 4Footnotes and remarks of the same Form 4 ↗

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The record

Issuer
AppLovin (CIK 1751008, filed as AppLovin Corp)
Form
4
Accession
0001848395-25-000005
Filed
Nov 24, 2025
Period of report
Nov 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 $520.82 · Nov 20, 2025 · disposed, directly · 2,601,161 held after · footnotes F1 and F2
Line 2
S (sale) · 1,264 Class A Common Stock at $520.43 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,029,253 held after · footnotes F3 and F4
Line 3
S (sale) · 881 Class A Common Stock at $521.39 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,028,372 held after · footnotes F4 and F5
Line 4
S (sale) · 1,160 Class A Common Stock at $522.21 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,027,212 held after · footnotes F4 and F6
Line 5
S (sale) · 400 Class A Common Stock at $523.30 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,026,812 held after · footnotes F4 and F7
Line 6
S (sale) · 120 Class A Common Stock at $525.08 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,026,692 held after · footnotes F4 and F8
Line 7
S (sale) · 335 Class A Common Stock at $526.36 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,026,357 held after · footnotes F4 and F9
Line 8
S (sale) · 920 Class A Common Stock at $527.63 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,025,437 held after · footnotes F4 and F10
Line 9
S (sale) · 1,904 Class A Common Stock at $528.62 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,023,533 held after · footnotes F4 and F11
Line 10
S (sale) · 1,485 Class A Common Stock at $529.69 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,022,048 held after · footnotes F4 and F12
Line 11
S (sale) · 1,491 Class A Common Stock at $530.76 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,020,557 held after · footnotes F4 and F13
Line 12
S (sale) · 1,281 Class A Common Stock at $531.67 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,019,276 held after · footnotes F4 and F14
Line 13
S (sale) · 960 Class A Common Stock at $532.75 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,018,316 held after · footnotes F4 and F15
Line 14
S (sale) · 640 Class A Common Stock at $533.80 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,017,676 held after · footnotes F4 and F16
Line 15
S (sale) · 440 Class A Common Stock at $534.76 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,017,236 held after · footnotes F4 and F17
Line 16
S (sale) · 360 Class A Common Stock at $535.85 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,016,876 held after · footnotes F4 and F18
Line 17
S (sale) · 200 Class A Common Stock at $536.83 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,016,676 held after · footnotes F4 and F19
Line 18
S (sale) · 400 Class A Common Stock at $538.23 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,016,276 held after · footnotes F4 and F20
Line 19
S (sale) · 457 Class A Common Stock at $539.37 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,015,819 held after · footnotes F4 and F21
Line 20
S (sale) · 522 Class A Common Stock at $540.41 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,015,297 held after · footnotes F4 and F22
Line 21
S (sale) · 520 Class A Common Stock at $541.37 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,014,777 held after · footnotes F4 and F23
Line 22
S (sale) · 573 Class A Common Stock at $542.61 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,014,204 held after · footnotes F4 and F24
Line 23
S (sale) · 280 Class A Common Stock at $543.82 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,013,924 held after · footnotes F4 and F25
Line 24
S (sale) · 280 Class A Common Stock at $544.89 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,013,644 held after · footnotes F4 and F26
Line 25
S (sale) · 280 Class A Common Stock at $546.19 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,013,364 held after · footnotes F4 and F27
Line 26
S (sale) · 320 Class A Common Stock at $547.19 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,013,044 held after · footnotes F4 and F28
Line 27
S (sale) · 320 Class A Common Stock at $548.30 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,012,724 held after · footnotes F4 and F29
Line 28
S (sale) · 40 Class A Common Stock at $548.90 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,012,684 held after · footnote F4
Line 29
S (sale) · 280 Class A Common Stock at $550.60 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,012,404 held after · footnotes F4 and F30
Line 30
S (sale) · 805 Class A Common Stock at $551.73 · Nov 20, 2025 · disposed, indirectly, See footnote · 3,011,599 held after · footnotes F4 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
The sales were executed in multiple trades at prices ranging from $519.91 to $520.78. 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 F4
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 F5
The sales were executed in multiple trades at prices ranging from $520.94 to $521.79. 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 F6
The sales were executed in multiple trades at prices ranging from $521.96 to $522.61. 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 F7
The sales were executed in multiple trades at prices ranging from $522.96 to $523.89. 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 F8
The sales were executed in multiple trades at prices ranging from $524.98 to $525.13. 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 F9
The sales were executed in multiple trades at prices ranging from $526.07 to $526.87. 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 F10
The sales were executed in multiple trades at prices ranging from $527.11 to $528.09. 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 $528.18 to $529.10. 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 F12
The sales were executed in multiple trades at prices ranging from $529.18 to $530.12. 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 F13
The sales were executed in multiple trades at prices ranging from $530.18 to $531.15. 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 $531.215 to $532.21. 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 $532.22 to $533.21. 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 F16
The sales were executed in multiple trades at prices ranging from $533.26 to $534.25. 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 F17
The sales were executed in multiple trades at prices ranging from $534.28 to $535.20. 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 F18
The sales were executed in multiple trades at prices ranging from $535.38 to $536.32. 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 F19
The sales were executed in multiple trades at prices ranging from $536.46 to $537.35. 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 F20
The sales were executed in multiple trades at prices ranging from $537.87 to $538.73. 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 $538.91 to $539.73. 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 $539.92 to $540.88. 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 F23
The sales were executed in multiple trades at prices ranging from $541.02 to $541.82. 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 $542.06 to $543.04. 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 $543.35 to $544.08. 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 F26
The sales were executed in multiple trades at prices ranging from $544.64 to $545.40. 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 $545.72 to $546.67. 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 $546.79 to $547.77. 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 $547.85 to $548.72. 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 F30
The sales were executed in multiple trades at prices ranging from $550.14 to $550.93. 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 F31
The sales were executed in multiple trades at prices ranging from $551.16 to $552.14. 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.
Remarks
Form 1 of 4
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Insider purchases and sales of AppLovin shares, 12 months

Total$3.27 billion sold
KKR Group Partnership L.P. · sold, held indirectly$1.63 billion
Chen Herald Y · sold$754.5 million
Foroughi Arash Adam · sold$200.4 million
Chen Herald Y · sold, held indirectly$162.08 million
Shikin Vasily · sold$157.47 million
Vivas Eduardo · sold$155.89 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 Nov 24, 2025
  2. How we collect our data

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