Chen Herald Y 4

What Happened

• Chen Herald Y, a director of AppLovin Corp (APP), reported conversions of derivative securities and gift transactions on Feb 13, 2026. The Form 4 shows a conversion (derivative-to-equity) for 150,000 shares (acquired) and a separate conversion/derivative disposition for 150,000 shares. In addition, the filing lists two gift transactions: one 100,000-share gift disposed and one 100,000-share gift acquired. All reported per-share prices are $0.00 (gifts/conversions) or listed as N/A for the derivative disposition; no cash changed hands in the gift entries.
• Taken together the reported acquisitions (150,000 + 100,000) and dispositions (150,000 + 100,000) offset each other in the reported transactions, indicating no net change in aggregate shares from these entries as presented.

Key Details

• Transaction date: February 13, 2026.
• Report filed with SEC: February 18, 2026 (the filing date is more than the typical two-business-day window after the reported transaction date).
• Reported amounts/prices: Conversions and gifts reported at $0.00 per share (one conversion/disposition listed as N/A for price/derivative).
• Shares owned after transaction: Not specified in the excerpt provided — see the full Form 4 for holdings after the transactions.
• Footnotes of note:
  • F1: Some securities are represented by Restricted Stock Units (RSUs).
  • F2: Certain shares are held by the reporting person’s spouse.
  • F3: Some shares are held by The Chen Family 2012 Irrevocable Trust (the reporting person and spouse are trustees).
  • F4: Class B common shares are exchangeable into Class A common shares under stated conditions.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context

• Conversions of derivative securities generally reflect the holder taking delivery of underlying shares (here reported at no cash price), while gifts are transfers that do not represent market sales — they often reflect estate planning or intra-family transfers rather than liquidity events.
• Because gifts and conversions here offset each other in the filing, this set of transactions should not be interpreted as a clear buy or sell signal from a market-timing perspective. For a complete view of Chen’s exposure and any change in beneficial ownership, consult the full Form 4 and the company’s outstanding share structure.