WEBB MAYNARD G JR 4

What Happened

• Webb Maynard G Jr, a director of AppLovin Corp (APP), sold a total of 3,076 shares in multiple open‑market transactions on June 5, 2026, generating aggregate proceeds of approximately $1,790,365. Individual reported lot prices ranged from about $577.42 to $593.65; the filing shows weighted average prices for each reported lot (e.g., $577.83, $578.63, $580.25, $581.58, $584.52, $587.30, $591.02, $593.00).
• The Form 4 also reports an award/acquisition of 525 restricted stock units (RSUs) on June 3, 2026 (reported as $0 acquisition value). Each RSU is a contingent right to one share subject to vesting terms described in the filing.

Key Details

• Transaction dates: RSU award 2026-06-03; open‑market sales 2026-06-05. Filing date: 2026-06-05 (timely).
• Shares sold: 3,076; proceeds ≈ $1,790,365. RSUs granted: 525 (contingent, $0 reported acquisition value).
• Sales executed under a Rule 10b5‑1 trading plan adopted March 3, 2026 (footnote F3).
• Several footnotes disclose that each reported lot price is a weighted average of multiple trades and provide the per‑lot price ranges (F4–F11). Some shares are held by Webb Investment Network, an entity wholly owned by the reporting person and spouse (F5).
• Shares owned after the transactions are not specified in the provided data.

Context

• RSUs are contingent awards that convert to shares if vesting conditions are met; the June 3 award vests per the terms in the footnote (100% vest upon the earlier of one‑year anniversary or day prior to the next annual meeting, subject to continued service).
• The sales were executed under a pre‑arranged 10b5‑1 plan, which indicates the trades were pre‑programmed rather than ad hoc. Sales by directors are common and do not by themselves indicate company prospects; purchases generally carry more informational weight for retail investors.