WEBB MAYNARD G JR 4
Research Summary
AI-generated summary
AppLovin (APP) Director Webb Maynard G Jr Sells Shares
What Happened
- Director Webb Maynard G. Jr sold a total of 3,076 AppLovin (APP) shares in multiple open-market transactions on July 6, 2026, generating aggregate proceeds of approximately $1,603,489. The weighted average price across the trades was about $521.53 per share, with individual trade prices reported in the $516.23–$524.33 range. These were sales (not purchases).
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 8, 2026 (timely filing).
- Shares sold: 3,076; aggregate proceeds: ~$1.60M; weighted average price ≈ $521.53; price range reported: $516.23–$524.33.
- Transaction code: S = Sale.
- Reported footnotes: sales executed pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026 (F1); portions executed in multiple trades with per-trade price ranges and weighted averages noted (F2–F10); certain securities are RSUs (F11); some shares are/were held by Webb Investment Network, an entity wholly owned by the reporting person and spouse (F3).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- These transactions were planned under a Rule 10b5-1 plan, which allows pre-set sales and is commonly used to avoid trading on non-public information; such sales are generally viewed as routine and do not by themselves indicate management sentiment. For retail investors, purchases are typically more informative about insider confidence; this report documents a planned sale.