---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216397"
form_type: "8-K"
ticker: "APP"
cik: "0001751008"
company_name: "AppLovin Corp"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:21:07.041330+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AppLovin to repurchase 15M shares from KKR Denali for $552.75M at $36.85/share

## Summary
- Repurchases 15M shares from KKR Denali at $36.85/share for $552.75M total, a 3.6% discount to Aug 18 close of $38.23.
- Closing expected by Aug 28, 2023; transaction approved by special committee of independent directors not affiliated with KKR.
- Board increased share repurchase authorization by ~$448M to $555M; after closing, $2.25M remains under the program.
- Sale reduces KKR Denali's beneficial ownership; company funds deal with available cash on hand.

## SEC filing metadata
- accession: 0001193125-23-216397
- form_type: 8-K
- ticker: APP
- cik: 0001751008
- company_name: AppLovin Corp
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751008/000119312523216397/0001193125-23-216397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751008/000119312523216397/d541078d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216397
- JSON: https://secwatch.observer/filing/0001193125-23-216397.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216397.txt

## Key facts
- Material Agreements
  AppLovin Corp entered into Share Repurchase Agreement with KKR Denali Holdings L.P. valued at $552.75 million (effective 2023-08-21).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: KKR Denali Holdings L.P.
  - Value: $552.75 million
  - Effective: 2023-08-21
  source text: On August 21, 2023, AppLovin Corporation (“AppLovin”) entered into an agreement to repurchase 15,000,000 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 of $36.85, for an aggregate purchase price of $552.75 million (the “Share Repurchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751008/000119312523216397/0001193125-23-216397-index.htm

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