Eduardo Vivas - 12 May 2025 Form 4 Insider Report for AppLovin Corp (APP)

Role: Director
Signature: /s/ Victoria Valenzuela, Attorney-in-fact
Issuer symbol: APP
Transactions as of: 12 May 2025
Transactions value $: $0
Form type: 4
Filing time: 14 May 2025, 17:52:40 UTC
Previous filing: 17 Jan 2025
Next filing: 06 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Vivas Eduardo	Director	1100 PAGE MILL ROAD, PALO ALTO	/s/ Victoria Valenzuela, Attorney-in-fact	14 May 2025	0001848493

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APP	Prepaid Forward Transaction (obligation to sell)	Other		+550K			550K	12 May 2025	Class A Common Stock	550K		See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 12, 2025, the Reporting Person entered into a prepaid variable forward sale contract (the "Contract") with an unaffiliated counterparty, pursuant to which the Reporting Person received a cash payment of $131,099,760.00 in exchange for agreeing to deliver to the counterparty on the maturity date a number of shares of AppLovin Class A common stock, or an equivalent amount of cash, determined based on the stock price at settlement, subject to a specified floor and cap price.
F2	Under the terms of the Contract, the number of shares deliverable (or value of cash in lieu) will be (a) one share per share pledged if the price is at or below $261.94, (b) a variable number of shares if the price is between $261.94 and $605.08, and (c) a minimum of 238,096 shares if the price is at $605.08, but may not exceed the total shares pledged. The Contract is scheduled to settle in May 2027, and the Reporting Person retains beneficial ownership of the pledged shares unless and until settlement. The shares pledged as collateral under the Contract are reported as indirectly held. The Reporting Person undertakes to file an amendment to this Form 4, or a subsequent Form 4, upon settlement of the Contract to reflect any actual transfer of shares.

Content

On May 12, 2025, the Reporting Person entered into a prepaid variable forward sale contract (the "Contract") with an unaffiliated counterparty, pursuant to which the Reporting Person received a cash payment of $131,099,760.00 in exchange for agreeing to deliver to the counterparty on the maturity date a number of shares of AppLovin Class A common stock, or an equivalent amount of cash, determined based on the stock price at settlement, subject to a specified floor and cap price.

Under the terms of the Contract, the number of shares deliverable (or value of cash in lieu) will be (a) one share per share pledged if the price is at or below $261.94, (b) a variable number of shares if the price is between $261.94 and $605.08, and (c) a minimum of 238,096 shares if the price is at $605.08, but may not exceed the total shares pledged. The Contract is scheduled to settle in May 2027, and the Reporting Person retains beneficial ownership of the pledged shares unless and until settlement. The shares pledged as collateral under the Contract are reported as indirectly held. The Reporting Person undertakes to file an amendment to this Form 4, or a subsequent Form 4, upon settlement of the Contract to reflect any actual transfer of shares.