---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-146599"
form_type: "8-K"
ticker: "APP"
cik: "0001751008"
company_name: "AppLovin Corp"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:31:25.792425+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AppLovin repurchases 15.95M shares from KKR at $21.00, an 8% discount; boosts buyback authorization by $296M

## Summary
- Private repurchase of 15,952,381 shares from KKR Denali at $21.00/share, total ~$335M; 8% discount to $22.88 close.
- Closing expected by May 18, 2023; Special Committee of independent directors approved the transaction.
- Board increased share repurchase authorization by $296M to $500M; $165M remains available after this repurchase.
- Repurchases may be made via open market or private transactions subject to market conditions and legal requirements.

## SEC filing metadata
- accession: 0001193125-23-146599
- form_type: 8-K
- ticker: APP
- cik: 0001751008
- company_name: AppLovin Corp
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751008/000119312523146599/0001193125-23-146599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751008/000119312523146599/d491086d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-146599
- JSON: https://secwatch.observer/filing/0001193125-23-146599.json
- Plain text: https://secwatch.observer/filing/0001193125-23-146599.txt

## Key facts
- Material Agreements
  AppLovin Corp entered into Share Repurchase Agreement with KKR Denali Holdings L.P. valued at approximately $335 million (effective 2023-05-17).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: KKR Denali Holdings L.P.
  - Value: approximately $335 million
  - Effective: 2023-05-17
  source text: On May 17, 2023, AppLovin Corporation (“AppLovin”) entered into an agreement to repurchase 15,952,381 shares of its Class A common stock, par value $0.00003 per share (the “Class A Common Stock”), beneficially owned by KKR Denali Holdings L.P. (“KKR Denali”) in a private transaction at a price per share equal to $21.00, for an aggregate purchase price of approximately $335 million (the “Share Repurchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751008/000119312523146599/0001193125-23-146599-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.