Chief Technology Officer Shikin Vasily sold $7,702,632 worth of shares (15,915 units at $483.99) as part of a pre-agreed trading plan (SEC Form 4)

5/27/26 6:12:58 PM ET

$APP

Computer Software: Programming Data Processing

Technology

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SEC FORM 4SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shikin Vasily

(Last)

(First)

(Middle)

1100 PAGE MILL ROAD

(Street)

PALO ALTO

CALIFORNIA

94304

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AppLovin Corp [ APP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/22/2026		S⁽¹⁾		386	D	$490.71⁽²⁾	18,419	I	See footnote⁽³⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		366	D	$491.95⁽⁴⁾	18,053	I	See footnote⁽³⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		104	D	$492.75⁽⁵⁾	17,949	I	See footnote⁽³⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		4	D	$493.66	17,945	I	See footnote⁽³⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		84	D	$477.71⁽⁶⁾	26,833	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		201	D	$478.82⁽⁸⁾	26,632	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		851	D	$479.86⁽⁹⁾	25,781	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		933	D	$480.73⁽¹⁰⁾	24,848	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		1,403	D	$481.64⁽¹¹⁾	23,445	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		489	D	$482.71⁽¹²⁾	22,956	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		619	D	$483.69⁽¹³⁾	22,337	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		808	D	$484.75⁽¹⁴⁾	21,529	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		695	D	$485.81⁽¹⁵⁾	20,834	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		942	D	$486.68⁽¹⁶⁾	19,892	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		396	D	$487.66⁽¹⁷⁾	19,496	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		254	D	$488.74⁽¹⁸⁾	19,242	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		436	D	$489.76⁽¹⁹⁾	18,806	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		387	D	$490.71⁽²⁾	18,419	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		366	D	$491.95⁽⁴⁾	18,053	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		104	D	$492.75⁽⁵⁾	17,949	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		4	D	$493.66	17,945	I	See footnote⁽⁷⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		84	D	$477.71⁽⁶⁾	26,833	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		202	D	$478.82⁽⁸⁾	26,631	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		850	D	$479.86⁽⁹⁾	25,781	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		933	D	$480.73⁽¹⁰⁾	24,848	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		1,403	D	$481.64⁽¹¹⁾	23,445	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		489	D	$482.71⁽¹²⁾	22,956	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		620	D	$483.69⁽¹³⁾	22,336	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		807	D	$484.76⁽¹⁴⁾	21,529	I	See footnote⁽²⁰⁾
Class A Common Stock	05/22/2026		S⁽¹⁾		695	D	$485.81⁽¹⁵⁾	20,834	I	See footnote⁽²⁰⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2025.

2. The sales were executed in multiple trades at prices ranging from $490.27 to $491.22. 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.

3. Shares are held by ES48 Holdings Trust for the benefit of the Reporting Person's immediate family members.

4. The sales were executed in multiple trades at prices ranging from $491.32 to $492.27. 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.

5. The sales were executed in multiple trades at prices ranging from $492.46 to $493.22. 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.

6. The sales were executed in multiple trades at prices ranging from $477.09 to $478.07. 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.

7. Shares are held by IK50 Holdings Trust for the benefit of the Reporting Person's immediate family members.

8. The sales were executed in multiple trades at prices ranging from $478.20 to $479.17. 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.

9. The sales were executed in multiple trades at prices ranging from $479.205 to $480.20. 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.

10. The sales were executed in multiple trades at prices ranging from $480.21 to $481.20. 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.

11. The sales were executed in multiple trades at prices ranging from $481.21 to $482.18. 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.

12. The sales were executed in multiple trades at prices ranging from $482.22 to $483.21. 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.

13. The sales were executed in multiple trades at prices ranging from $483.22 to $484.20. 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.

14. The sales were executed in multiple trades at prices ranging from $484.23 to $485.21. 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.

15. The sales were executed in multiple trades at prices ranging from $485.23 to $486.225. 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.

16. The sales were executed in multiple trades at prices ranging from $486.23 to $487.225. 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.

17. The sales were executed in multiple trades at prices ranging from $487.23 to $488.21. 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.

18. The sales were executed in multiple trades at prices ranging from $488.24 to $489.21. 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.

19. The sales were executed in multiple trades at prices ranging from $489.25 to $490.24. 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.

20. Shares are held by IS37 Holdings Trust, for which the Reporting Person's spouse serves as trustee.

Remarks:

Form 2 of 3

	/s/ Victoria Valenzuela, Attorney-in-fact	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Get the next $APP alert in real time by email

Recent Analyst Ratings for

$APP

Date	Price Target	Rating	Analyst
4/14/2026	$520.00	Buy	Argus
4/9/2026	$710.00	Outperform	Macquarie
3/2/2026	$340.00	Sell → Neutral	Arete
1/26/2026	$700.00	Hold → Buy	Needham
1/14/2026	$835.00	Outperform	Evercore ISI
10/22/2025	$705.00	Buy	Deutsche Bank
10/14/2025	$700.00	Outperform	RBC Capital Mkts
7/8/2025	$430.00	Sector Outperform	Scotiabank

More analyst ratings

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

Class A Common Stock

05/22/2026

S⁽¹⁾

386

$490.71⁽²⁾

18,419

See footnote⁽³⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

366

$491.95⁽⁴⁾

18,053

See footnote⁽³⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

104

$492.75⁽⁵⁾

17,949

See footnote⁽³⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

$493.66

17,945

See footnote⁽³⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

$477.71⁽⁶⁾

26,833

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

201

$478.82⁽⁸⁾

26,632

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

851

$479.86⁽⁹⁾

25,781

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

933

$480.73⁽¹⁰⁾

24,848

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

1,403

$481.64⁽¹¹⁾

23,445

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

489

$482.71⁽¹²⁾

22,956

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

619

$483.69⁽¹³⁾

22,337

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

808

$484.75⁽¹⁴⁾

21,529

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

695

$485.81⁽¹⁵⁾

20,834

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

942

$486.68⁽¹⁶⁾

19,892

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

396

$487.66⁽¹⁷⁾

19,496

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

254

$488.74⁽¹⁸⁾

19,242

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

436

$489.76⁽¹⁹⁾

18,806

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

387

$490.71⁽²⁾

18,419

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

366

$491.95⁽⁴⁾

18,053

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

104

$492.75⁽⁵⁾

17,949

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

$493.66

17,945

See footnote⁽⁷⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

$477.71⁽⁶⁾

26,833

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

202

$478.82⁽⁸⁾

26,631

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

850

$479.86⁽⁹⁾

25,781

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

933

$480.73⁽¹⁰⁾

24,848

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

1,403

$481.64⁽¹¹⁾

23,445

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

489

$482.71⁽¹²⁾

22,956

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

620

$483.69⁽¹³⁾

22,336

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

807

$484.76⁽¹⁴⁾

21,529

See footnote⁽²⁰⁾

Class A Common Stock

05/22/2026

S⁽¹⁾

695

$485.81⁽¹⁵⁾

20,834

See footnote⁽²⁰⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Recent Analyst Ratings for

$APP

Date	Price Target	Rating	Analyst
4/14/2026	$520.00	Buy	Argus
4/9/2026	$710.00	Outperform	Macquarie
3/2/2026	$340.00	Sell → Neutral	Arete
1/26/2026	$700.00	Hold → Buy	Needham
1/14/2026	$835.00	Outperform	Evercore ISI
10/22/2025	$705.00	Buy	Deutsche Bank
10/14/2025	$700.00	Outperform	RBC Capital Mkts
7/8/2025	$430.00	Sector Outperform	Scotiabank

More analyst ratings

Chief Technology Officer Shikin Vasily sold $7,702,632 worth of shares (15,915 units at $483.99) as part of a pre-agreed trading plan (SEC Form 4)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$APP

Chief Technology Officer Shikin Vasily sold $7,702,632 worth of shares (15,915 units at $483.99) as part of a pre-agreed trading plan (SEC Form 4)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$APP

$APP
Analyst Ratings

Argus initiated coverage on AppLovin with a new price target

Macquarie initiated coverage on AppLovin with a new price target

AppLovin upgraded by Arete with a new price target

$APP
SEC Filings

SEC Form S-3ASR filed by Applovin Corporation

SEC Form 10-Q filed by Applovin Corporation

Applovin Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$APP
Insider Trading

Chief Financial Officer (CFO) Stumpf Matthew sold $5,431,200 worth of shares (9,052 units at $600.00) as part of a pre-agreed trading plan, decreasing direct ownership by 5% to 177,450 units (SEC Form 4)

Chief Technology Officer Shikin Vasily sold $1,412,419 worth of shares (2,889 units at $488.90) as part of a pre-agreed trading plan (SEC Form 4)