AppLovin Corp Director Herald Y Chen Engages in Multiple Share Sales
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Chen Herald Y | Director | Sell | $41,907,123 | Form 4 |
| Chen Herald Y | Director | Sell | $32,620,952 | Form 4 |
Herald Y Chen, a Director at AppLovin Corp, has been reported to sell a significant number of shares of Class A Common Stock through multiple transactions. Over the course of three days, from December 10 to December 12, 2024, Chen sold a total of 124,569 shares at varying prices, with the transactions reflecting weighted average sale prices for each day. The total amount from these sales reached $41,907,123. Following these transactions, Chen's direct ownership in the company stands at 720,209 shares, with an additional 190,000 shares held indirectly through The Chen Family 2012 Irrevocable Trust.
In a separate transaction on December 12, 2024, Chen sold another 99,000 shares, with prices per share ranging from $325.29 to $340.51, again reflecting weighted average sale prices. This sale amounted to $32,620,952, leaving Chen with a direct ownership of 621,209 shares in AppLovin Corp.