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    Adam Foroughi

    CEO and Chairperson at Applovin Corp
    Board
    Since December 2011
    Age
    43 years
    Education
    Holds a Bachelor of Arts in Business Administration from the University of California, Berkeley.
    Tenure
    Joined APP as a co-founder and board member in December 2011, has served as CEO since then, and was designated Chairperson in March 2021.

    Also at Applovin Corp

    VV
    Victoria Valenzuela
    Chief Legal Officer

    About

    Adam Foroughi is a seasoned executive known for his entrepreneurial spirit and strategic vision in the advertising technology industry.

    Over the years, his leadership has been instrumental in shaping the direction of the company, driving innovation and expansion in the mobile gaming and advertising sectors.

    Prior to his work at APP, he co-founded several advertising technology companies, laying the groundwork for his later success at the firm, where his contributions continue to influence the firm’s strategic initiatives and market presence.

    $APP Performance Under Adam Foroughi

    Past Roles

    OrganizationRoleDate RangeDetails
    Lifestreet Media Inc.Co-founderN/ACo-founded the company before AppLovin
    Social Hour Inc.Co-founderN/ACo-founded the company before AppLovin

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $400,000Annual (Effective January 1, 2023)Increased from previous $100,000 at his request during the IPO
    Work-from-Home Stipend $1,800Per pay period (2023 consistent)Provided to all employees for work-from-home expenses
    401(k) Company Matching $9,956Annual (2023)Company's matching contribution to the 401(k) retirement plan

    Performance Compensation

    Data from  FY 2023

    Performance-Based RSUs (PSUs) for 2023

    The performance-based RSUs for 2023 are structured with specific performance targets and vesting conditions as detailed below.

    MetricValue/TargetDetails
    Grant Date March 13, 2023The date on which the PSUs were granted.
    Grant Date Stock Price $12.41The closing stock price on the grant date.
    Grant Date Fair Value $52,427,592Calculated via a Monte Carlo simulation model for maximum outcome under performance conditions.
    Performance Metric Stock Price TargetsTargets are set at $36.00, $46.75, $57.50, $68.25, and $79.00 per share.
    Weights per Tranche 20% eachPSUs are divided into five equal tranches, each representing 20%.
    Vesting Conditions Based on achieving stock price targetsVesting is determined by the minimum closing price over a consecutive 30 trading-day period during a 5-year performance period; continued employment is required. Accelerated vesting may occur upon a change in control.
    Evaluation Period 5 yearsPerformance is measured over a 5-year period beginning from the grant date.
    Additional Details ~300% increase requirementThe first target represents nearly a 300% increase from the grant date stock price. PSUs are subject to adjustments for events such as stock splits, dividends, or reorganizations.

    There are no additional details on actual share quantities or realized results leading to payouts provided in 2023 documents.