AppLovin Insider Foroughi Discloses 77.9M Shared Voting Shares

TL;DR

**AppLovin insider Arash Foroughi still holds massive voting power, showing strong commitment.**

AI Summary

Arash Adam Foroughi, a key insider at AppLovin Corp (APP), filed an SC 13G/A on February 12, 2024, disclosing his beneficial ownership as of December 31, 2023. The filing shows he holds shared voting power over 77,988,517 shares and sole dispositive power over 28,882,722 shares of Class A common stock. This matters to investors because it provides transparency into a significant insider's holdings, indicating his continued substantial stake in the company, which can be a sign of confidence.

Why It Matters

This filing confirms a major insider's continued significant ownership in AppLovin, which can signal long-term commitment and alignment with shareholder interests.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant insider holding, which generally reduces perceived risk due to aligned interests.

Analyst Insight

Investors should view this filing as a positive signal, indicating a key insider's continued strong commitment to AppLovin, which might suggest confidence in the company's future performance.

Key Numbers

• 77,988,517 — Shared Voting Power (Represents a significant block of shares where Arash Adam Foroughi has shared control over voting decisions.)
• 28,882,722 — Sole Dispositive Power (Indicates the number of shares Arash Adam Foroughi can independently decide to sell or transfer.)

Key Players & Entities

• Arash Adam Foroughi (person) — Reporting Person, insider at AppLovin Corp
• AppLovin Corporation (company) — Issuer of the Class A common stock
• 77,988,517 (dollar_amount) — number of shares with shared voting power
• 28,882,722 (dollar_amount) — number of shares with sole dispositive power

Forward-Looking Statements

• Arash Adam Foroughi will maintain a significant ownership stake in AppLovin Corp. (Arash Adam Foroughi) — high confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.00003 — suer) Class A common stock, par value $0.00003 per share (Title of Class of Securiti

Filing Documents

• d777630dsc13ga.htm (SC 13G/A) — 37KB
• 0001193125-24-032235.txt ( ) — 38KB

From the Filing

SC 13G/A 1 d777630dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* AppLovin Corporation (Name of Issuer) Class A common stock, par value $0.00003 per share (Title of Class of Securities) 03831W 108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 03831W 108 1. Names of Reporting Persons. Arash Adam Foroughi 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 0 6. Shared Voting Power 77,988,517 7. Sole Dispositive Power 28,882,722 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 77,988,517 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 22.8% (See Item 4) 12. Type of Reporting Person (See Instructions) IN Item1(a) Name of Issuer: AppLovin Corporation Item1(b) Address of Issuers Principal Executive Offices: 1100 Page Mill Road Palo Alto, California 94304 Item2(a) Name of Person Filing: Arash Adam Foroughi Item2(b) Address of Principal Business Office or, if none, Residence: c/o AppLovin Corporation 1100 Page Mill Road Palo Alto, California 94304 Item2(c) Citizenship: The Reporting Person is a United States citizen. Item2(d) Title of Class of Securities: Class A Common Stock, par value $0.00003 per share Item2(e) CUSIP Number: 03831W 108 Item3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item4. (a) Amount beneficially owned: The reporting person holds a total of 945,815 shares of Class A Common Stock of the Issuer (including 618,001 shares of Class A Common Stock subject to options held by the reporting person that are exercisable within 60 days of December 31, 2023) and 27,936,907 shares of Class B Common Stock of the Issuer. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. Each share of Class B Common Stock is entitled to twenty votes per share, whereas each share of Class A Common Stock is entitled to one vote per share. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to the aforementioned conversion rights and voting rights. In addition, Mr. Foroughi, Herald Chen, a member of the board of directors of the Issuer, and KKR Denali Holdings L.P. (KKR Denali) (collectively with certain affiliates, the Voting Agreement Parties) are parties to a Voting Agreement (the Voting Agreement), which contains certain provisions relating to voting of securities of the Issuer by the parties thereto. Pursuant to the Voting Agreement, two of Mr. Foroughi, Mr. Chen, and KKR Denali (one of which must be Mr. Foroughi) have the authority to direct the vote of all shares of Class B Common Stock, and all other shares of capital stock of the Issuer, held by the Voting Agreement Parties and their respective permitted entities and permitted transferees on all matters to be voted upon by stockholders. By virtue of the Voting Agreement and the obligations and rights thereunder, the reporting person acknowledges and agrees that he is acting as a group within the meaning of Section 13(d) of the Securities Exchange Act of 1934 with the other Voting Agreement Parties and/or certain of their affiliates. Based in part on information reported by the Issuer to the reporting person, such a group would be deemed to beneficially own an aggregate of 77,988,517 shares of Class A Common Stock, consisting of 6,875,895 shares of Class A Common Stock (including 2,280,201 shares of Class A Common Stock subject to options held by Mr. Chen that are exercisable within 60 days of December 31, 2023 and 15,605 shares of Class A Common Stock subject to re

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