Chen Herald Y 4

What Happened
Chen Herald Y, a director of AppLovin Corp (APP), was granted 525 restricted stock units (RSUs) on June 3, 2026. The grant was recorded at $0.00 per share (no cash paid) — total reported value $0 — and represents a contingent right to receive 525 shares of Class A common stock if and when the RSUs vest.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (filed two days after the transaction).
• Grant: 525 RSUs, reported acquisition price $0.00 (code A — award/grant).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: RSUs vest 100% on the earlier of (i) one-year anniversary of grant or (ii) the day before the next Annual Meeting, subject to the director remaining a service provider.
  • F2: Certain securities in the filing are represented by RSUs.
  • F3: Some shares are held by the reporting person’s spouse.
  • F4: Some shares are held by The Chen Family 2012 Irrevocable Trust, for which the reporting person and spouse are trustees.

Context

• RSU grants are awards, not purchases or sales; they don’t indicate an immediate cash outlay and only convert to shares if vesting conditions are met.
• Grants to directors are common as compensation for service; holdings via spouse and family trust reflect common estate/holding arrangements rather than separate trading by the director.