Director Herald Y. Chen of AppLovin Corp (NASDAQ:APP) filed a Statement of Changes in Beneficial Ownership on August 14, 2026, reporting transactions in Class A and Class B Common Stock dated August 13, 2026.

Key Highlights

  • Conversion transaction: 143,791 shares of Class B Common Stock were converted into 143,791 shares of Class A Common Stock at $0.00 per share on August 13, 2026 (transaction code C).
  • Gift disposals and acquisition: Chen disposed of 100,000 shares of Class A Common Stock (transaction code G, $0.00) directly, and simultaneously reported an acquisition of 100,000 shares of Class A Common Stock indirectly on the same date.
  • Direct beneficial ownership following transactions: 151,245 shares of Class A Common Stock held directly, plus 223,676 shares of Class B Common Stock held directly.
  • Indirect holdings disclosed: 100,000 shares held by Chen's spouse, 140,000 shares held by The Chen Family 2012 Irrevocable Trust, 100,000 shares held by a GRAT for which Chen serves as trustee and sole annuitant, and 100,000 shares held by a GRAT for which Chen's spouse serves as trustee and sole annuitant.
  • Prior filing correction noted: According to the filing, shares contributed to two GRATs in March 2026 were exempt from Section 16 under Rule 16a-8(b)(2), and prior filings "inadvertently reflected" those shares as held directly by Chen or his spouse.

Herald Chen's Class B Conversion and Gift Transactions at AppLovin

According to the filing, Director Herald Y. Chen reported three transactions in AppLovin Corp Class A Common Stock and one in Class B Common Stock, all dated August 13, 2026. The primary transaction was a conversion (code C) of 143,791 shares of Class B Common Stock into an equal number of Class A Common Stock shares at a price of $0.00. The filing notes that Class B Common Stock "is exchangeable at any time, at the option of the Reporting Person and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock."

Following the conversion, the filing discloses two gift transactions (code G), each at $0.00: Chen disposed of 100,000 shares of Class A Common Stock directly, and a separate entry shows an acquisition of 100,000 shares of Class A Common Stock held indirectly by his spouse. The filing indicates that certain directly held securities include Restricted Stock Units. After all reported transactions, Chen's direct holdings stand at 151,245 shares of Class A Common Stock and 223,676 shares of Class B Common Stock.

The filing also addresses indirect holdings across four separate accounts, including shares held by Chen's spouse (100,000), The Chen Family 2012 Irrevocable Trust (140,000), and two grantor retained annuity trusts (100,000 shares each). The filing states that shares contributed to the two GRATs in March 2026 were part of transactions "exempt from Section 16 pursuant to Rule 16a-8(b)(2)" and that prior filings "inadvertently reflected these shares" as held directly rather than through the trusts. The form was signed by Gordon Grafft as attorney-in-fact on August 14, 2026.

What Was Disclosed

AppLovin Corp director Herald Y. Chen reported a Class B-to-Class A share conversion, gift transactions, and corrected indirect beneficial ownership figures for shares held in two GRATs, with all transactions dated August 13, 2026, and filed on August 14, 2026.