Mobile Advertising Platform Executive Cashes Out Over 50,000 Shares

Shikin Vasily, Chief Technology Officer of mobile advertising platform provider AppLovin Corp (APP), sold a large block of the company’s Class A common stock in the open market on May 22 under a Rule 10b5-1 trading plan established December 9, 2025. According to the filing, he disposed of over 50,000 shares—combining his directly held shares and family trust interests—in tranches priced between $477 and $494 per share, realizing roughly $26 million (approximately mid-300 billion KRW). After the sale, Vasily still retains about 3.18 million directly held shares plus tens of thousands of trust shares, preserving a significant economic stake in the company.

In AppLovin’s recently disclosed first-quarter 2026 results, the company reported revenue of $1.84 billion (about 2.5 trillion KRW) and earnings per share of $3.56, marking strong year-over-year growth. Filings also show that some institutional investors, including Bank of New York Mellon, have recently trimmed their stakes in the company.

Headquartered in Palo Alto, California, AppLovin is a mobile advertising and martech firm that supports game and app developers’ user-acquisition efforts through ad networks and measurement platforms such as AppDiscovery, MAX, and Adjust. In 2025, the company accelerated its shift to an ad- and platform-centric business model by selling its mobile gaming division to U.K.–based TripleDot Studio for about $400 million (around 500 billion KRW).