Insider trade

Officer sold ~$5M of APP shares in the open market

Traded Dec 18, 2025 · Filed Dec 19, 2025

AppLovinAPP

~$5M
Reported value · 7,609 sh @ $657.13: 277K
Holds after · shares reported: -59.5%
stock since the trade · S&P 500 +12.9%, $694.37 → $281.31 on Oct 1

Why it stands out

AppLovin's CALO & Corp. Secretary sold $5M of AppLovin shares. It happened by itself, for taxes or pay.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 18, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 19, 2025

Officer$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$5,000,102

Shares × reported transaction price

Timing vs results

43 days after results of Nov 5, 2025, 55 days before results of Feb 11, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $694.37 on Dec 18, 2025, within 5% of its 52-week high, after a 13% rise over the previous 30 trading days

52-week range $219.37 (Apr 4, 2025) to $724.62 (Dec 9, 2025), 94% of the way up, from 250 adjusted closes. 30 trading days earlier: $617.05 on Nov 5, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references vesting of compensation awards

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Mar 24, 2025 in the U.S. District Court, N.D. California. A filing is an allegation, not a finding.

Brownback v. AppLovin Corporation, docket 4:25-cv-02772, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	-4.7%	+0.4%	-5.2%
30 days	-27.4%	+0.1%	-27.5%
90 days	-37.4%	-4.3%	-33.1%
180 days	-36.0%	+8.7%	-44.7%

Past results only. Not a forecast.

Source receipt

Record ID: 0001846998-25-000005
Filed / recorded: Dec 19, 2025, 10:02 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: AppLovin Corp
Issuer CIK: 1751008
Ticker: APP
Reporting person: Victoria Valenzuela
Relationship: Officer
Officer title: CALO & Corp. Secretary
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 18, 2025
Transaction code: S
Shares / units: 7,609
Price per share: $657.13
Acquired / disposed: Disposed (D)
Shares owned after: 277,110
Ownership form: Direct
Amendment: No

Footnotes from the filing

The reporting person contributed the Class A Common Stock to an exchange fund in exchange for the right to receive shares in the exchange fund at a later date which is expected to be at least seven years from the date of transfer. The shares were originally transferred into an escrow account on December 5, 2025 before the official contribution on December 18, 2025. The reporting person has no further voting control over the transferred shares, nor does she control the investment decisions of the exchange fund or the shares she ultimately receives in exchange for the transferred shares. For purposes of determining the number of shares of the exchange fund issuable pursuant to such exchange, the Class A Common Stock was valued at $657.13, which was the closing price of the Class A Common Stock on The Nasdaq Global Select Market on the day prior to the exchange.
Certain of these securities are represented by Restricted Stock Units ("RSUs").