Vivas Eduardo 4

What Happened
Eduardo Vivas, a director of AppLovin Corp (APP), disposed of 20,910 Class A shares on March 13, 2026. The shares were valued at $458.67 each (closing price) for a total of $9,590,790. Per the filing, the shares were contributed to an exchange-traded fund in exchange for an interest in that ETF, and Vivas no longer has voting control over the transferred shares.

Key Details

• Transaction date and price: March 13, 2026 — 20,910 shares at $458.67 each.
• Total value: $9,590,790 (based on Nasdaq closing price used for the ETF exchange).
• Form filed: March 20, 2026 (the report covers the March 13 transaction). This filing appears to have been submitted more than two business days after the transaction (i.e., late).
• Footnotes of note:
  • F1: Shares were contributed to an ETF in exchange for an interest in that ETF; no further voting or investment control over those shares.
  • F2: Some reported securities are represented by Restricted Stock Units (RSUs).
  • F3: The filer notes that beneficial ownership figures in Form 4 filings after March 13 were overstated by these 20,910 shares; the post-transaction beneficial ownership should be adjusted accordingly.
• Shares owned after transaction: The filing notes an adjustment (F3) but does not state a single final share count in this report; prior filings overstated holdings by the 20,910 transferred shares.

Context
This was a transfer of shares into an ETF (not necessarily a conventional open-market cash sale). Transfers to funds can reflect portfolio or liquidity management and do not by themselves indicate the insider’s view of the company. As always, sales are informational but less strongly predictive of future company performance than insider purchases.