APP CLUSTER SEC Filing Analysis

Latest settled — T+5d

APP ▼ -9.21% at T+5d

NEUTRAL call ✗ call lost -9.21% · α vs SPY -6.46% · entry $613.70 → $557.20

Next anchor: T+20d in 16d

Currently $496.77 · -19.05% from $613.70 entry

Entry anchored
May 29, 04:20 PM ET
via Databento tick

T+1d

-1.31%

call -1.31% · α -1.47%

$605.63

settled 12d ago

T+5d

-9.21%

call -9.21% · α -6.46%

$557.20

settled 8d ago

T+20d

—

call — · α —

—

in 16d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two AppLovin insiders — CFO Matthew Stumpf and CTO Vasily Shikin — sold a combined $5.71M in open-market sales over a 7-day window. The CFO's $5.43M sale at $600/share represents a routine, liquidity-driven disposition (likely tied to a 10b5-1 plan or tax planning), and the CTO's $281K sale is immaterial. At 0.003% of AppLovin's $201.5B market cap, the total cluster value is trivial and carries no informational signal.

Key Financial Metrics

Direction

selling

Total Value

$5.7M

Insiders

2

Actionable Insight

Insider selling at AppLovin is routine and immaterial relative to the company's massive $201.5B market cap. The CFO's sale is likely a scheduled 10b5-1 plan or tax-related disposition. No bearish signal. Monitor upcoming earnings for fundamental trends, but this cluster has no actionable trading implication.

Key Facts

CFO Stumpf sold 9,052 shares at $600 for $5.43M on 2026-05-28
CTO Shikin sold 588 shares at $477.71 for $281K on 2026-05-22
Total cluster value of $5.71M is 0.003% of AppLovin's $201.5B market cap
No open-market purchases were made by any insider in the cluster
Per academic literature, cluster sales are weak predictors — most are liquidity-driven, not informational

Financial Impact

Total insider sales of $5.71M represent 0.003% of market cap — economically negligible

Risk Factors

No material risk identified from this cluster alone

Market Snapshot

Exchange

Nasdaq

Sector

Services-Computer Programming, Data Processing, Etc.

Analyst Consensus

89% bullish (36 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-APP-1780086412352

13 reports for APP

T+1T+5T+20T+60

100% Hit rate 3 of 3 directional calls best @ T+20▲ +18.05%Mar 10, 2026

Filters

Reports for APP — sortable, filterable
	Type				Now
Jun 12, 2026 today	Insider Cluster NEUTRAL ★ 2/10	$496.68 awaiting T+5	awaiting T+5	—	$496.77 (+0.02%)
Jun 12, 2026 today	Insider Cluster NEUTRAL ★ 2/10	$496.68 awaiting T+5	awaiting T+5	—	$496.77 (+0.02%)
Jun 12, 2026 1d ago	Institutional Cluster MIXED ★ 5/10	$479.02 awaiting T+5	awaiting T+5	—	$496.77 (+3.71%)
Jun 8, 2026 4d ago	Insider Cluster NEUTRAL ★ 3/10	$562.90 awaiting T+5	awaiting T+5	—	$496.77 (−11.75%)
Jun 5, 2026 7d ago	144 NEUTRAL ★ 2/10	$572.48 awaiting T+5	awaiting T+5	—	$496.77 (−13.22%)
May 29, 2026 14d ago	Insider Cluster NEUTRAL ★ 2/10	$613.70 $557.20	▼ −9.21%	▼ −6.46%	$496.77 (−19.05%)
May 6, 2026 5w ago	S-3ASR NEUTRAL ★ 3/10	$498.87 $453.53	▼ −9.09%	▼ −10.59%	$496.77 (−0.42%)
May 6, 2026 5w ago	8-K BULLISH ★ 8/10	$498.87 $453.53	▼ −9.09%	▼ −10.59%	$496.77 (−0.42%)
Apr 21, 2026 7w ago	DEFA14A NEUTRAL ★ 3/10	$473.18 $449.03	▼ −5.10%	▼ −6.19%	$496.77 (+4.99%)
Apr 7, 2026 9w ago	8-K NEUTRAL ★ 4/10	$391.20 $464.63	▲ +18.77%	▲ +15.25%	$496.77 (+26.99%)

US Market Status

Market Closed — Opens Mon (49h 27m)

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