Foroughi Arash Adam 4

What Happened

• Arash Foroughi (reported as a 10% owner) disposed of a large holding in AppLovin (APP) via multiple open-market sales and a gift. On March 11–12, 2026 he sold 59,296 shares in numerous trades for total proceeds of approximately $27,495,861. Separately, he gifted 20,000 shares (reported as a gift, $0 proceeds). Many of the securities are represented by Restricted Stock Units (RSUs) per the filing.

Key Details

• Transaction dates: March 11, 2026 and March 12, 2026; Form 4 filed March 13, 2026.
• Sales: 59,296 shares sold; total reported proceeds ≈ $27,495,861.
• Gift: 20,000 shares gifted (disposed for $0).
• Price range on reported trades: roughly $449.38 (low) to $481.57 (high); many line items show weighted‑average prices and footnote ranges for multiple executions.
• Footnotes: F1 notes some shares are RSUs; multiple footnotes (F2–F30) state the sales were executed in multiple trades with weighted-average prices and that the filer will provide detailed breakdowns on request.
• Shares owned after transaction: not specified in the provided excerpt.
• Timeliness: Filing date (2026-03-13) covers trades on 03-11 and 03-12; the filing does not indicate a late-report flag in the provided data.
• Filing note: This is “Form 1 of 2,” indicating a second related filing may follow.

Context

• These were disposals (sales and a gift), not purchases; sales are often routine (liquidity, tax planning, portfolio rebalancing) and gifts do not imply market sentiment. As a 10% owner rather than an officer-specific trade, this activity may reflect large‑holder portfolio management rather than insider knowledge. The filing includes RSU-related and multi-trade weighted-average price notes; no 10b5-1 plan or other special plan was referenced in the excerpt.