Foroughi Arash Adam 4

What Happened

• Arash Foroughi (listed as a 10% owner) did not sell shares on the open market. Instead, 2,747 AppLovin shares were withheld by the issuer on Feb 20, 2026 to satisfy income tax and withholding obligations tied to the vesting/net settlement of previously awarded Restricted Stock Units (RSUs).
• Withholding was done at $418.68 per share, totaling $1,150,114. This is a tax-withholding/net-settlement transaction (code F), not a discretionary sale.

Key Details

• Transaction date and price: 2026-02-20, 2,747 shares at $418.68 each; total value $1,150,114.
• Transaction type: F — shares withheld by issuer to cover tax withholding on vested RSUs (net settlement), not an open-market sale by the reporting person (see footnote F1).
• Securities form: Some or all of the securities were RSUs (footnote F2).
• Trust holdings: Certain shares are held in trusts for the reporting person’s children (footnotes F3–F5); the reporting person disclaims beneficial ownership of those trust-held shares.
• Filing: Form was filed on 2026-02-24 for a 2026-02-20 transaction — filed within the typical Form 4 reporting window (no late-filing flag noted).
• Exhibit: Power of Attorney included (Exhibit 24).

Context

• This was a tax-withholding/net-settlement of RSUs (a routine administrative action) rather than a directional trade; it does not necessarily indicate the insider’s view of the company’s stock.
• For 10% owners, such filings reflect large-shareholder status but here simply document tax withholding on vested awards, not a purchase or sale for investment purposes.