Summary by Moomoo AI
Victoria Valenzuela, Chief Legal Officer and Corporate Secretary of Applovin, executed a significant stock transaction on 12/19/2024. The executive sold 15,971 shares of Class A Common Stock in an open market or private sale.The transaction was completed at a price of $313.07 per share, resulting in a total market value of $5,000,040.97. This sale represents a substantial divestment for the CLO, potentially indicating a personal financial decision or a shift in insider sentiment.Following the reported transaction, Valenzuela's direct ownership in Applovin stands at 372,205 shares. The sale's timing, set for late 2024, suggests a pre-planned transaction, possibly part of a broader executive compensation or portfolio management strategy.
