AppLovin Corp | Director & CEO Arash Adam Foroughi disposed of ~39,600 Class A shares via gift and multiple sales
Filings Track
Jun 13
According to the latest Form 4 filing, AppLovin Corp (APP) Director, CEO and 10% owner Arash Adam Foroughi disposed of Class A common stock over June 10–11, 2026. On June 10, he transferred 16,667 shares as a gift (code G, at $0). He then executed a series of market sales (code S) on June 10 and June 11, totaling roughly 22,900 shares, at weighted average prices ranging from about $473 to $517 per share, with each entry representing aggregated trades within specified price bands. Following these transactions, Foroughi still beneficially owns approximately 2.41 million shares directly and indirectly, some represented by RSUs, and some held in a children’s trust for which he disclaims beneficial ownership. Concentrated selling by a CEO and large shareholder at elevated price levels can be interpreted as a modestly bearish signal, suggesting profit‑taking at current valuations. Investors should monitor whether this selling trend continues and assess it alongside the company’s fundamentals.
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