Arash Adam Foroughi sells $1.4M of APP
Arash Adam Foroughi, CEO and Chairperson of AppLovin, sold 3,061 shares at $454.29 per share for a total value of $1.4 million. Following the transaction, Foroughi holds 2,468,057 shares.
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Our Take
→AppLovin CEO Foroughi sold $1.4M at $454.29 while retaining 2.47M shares — still a ten-percent owner. The ad-tech company's stock has surged nearly 700% since 2023 as its AI-driven AXON platform captured mobile gaming budgets from Meta and Google.
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