Transaction Details

Footnotes

On May 12, 2025, the Reporting Person entered into a prepaid variable forward sale contract (the "Contract") with an unaffiliated counterparty, pursuant to which the Reporting Person received a cash payment of $131,099,760.00 in exchange for agreeing to deliver to the counterparty on the maturity date a number of shares of AppLovin Class A common stock, or an equivalent amount of cash, determined based on the stock price at settlement, subject to a specified floor and cap price. | Under the terms of the Contract, the number of shares deliverable (or value of cash in lieu) will be (a) one share per share pledged if the price is at or below $261.94, (b) a variable number of shares if the price is between $261.94 and $605.08, and (c) a minimum of 238,096 shares if the price is at $605.08, but may not exceed the total shares pledged. The Contract is scheduled to settle in May 2027, and the Reporting Person retains beneficial ownership of the pledged shares unless and until settlement. The shares pledged as collateral under the Contract are reported as indirectly held. The Reporting Person undertakes to file an amendment to this Form 4, or a subsequent Form 4, upon settlement of the Contract to reflect any actual transfer of shares.