AppLovin CTO Granted 273,691 Equity Units in RSUs and Market-Cap Tied PSUs

Executive Summary

On November 2, 2026, AppLovin Corp ($APP) filed a Form 4 disclosing equity award grants to Chief Technology Officer Xiaochuan Ge on October 29, 2026. The awards comprise 91,467 time-based restricted stock units (RSUs) and 182,224 performance-based restricted stock units (PSUs), totaling 273,691 shares of Class A Common Stock at zero acquisition cost.

Transaction Breakdown

• RSU Grant (91,467 units): Vesting commences on February 20, 2027 (1/4th of the units), with the remaining 3/4ths vesting in equal quarterly increments thereafter, subject to continued service.
• PSU Grant (182,224 units): Eligible to vest based on AppLovin's market capitalization performance targets over a multi-year period ending October 30, 2032, conditional on continued employment.
• Post-Transaction Holdings: Following these grants, Ge directly holds 1,242,426 shares of Class A Common Stock (including unvested RSUs and PSUs).

Trading Significance

This transaction carries Low trading significance as it represents standard executive equity incentive grants rather than an open-market purchase or sale. The sizable PSU allocation underscores long-term alignment between executive compensation and company market capitalization through 2032.