A February disclosure shows roughly $83,000 in trading activity tied to AppLovin shares within the household of Ro Khanna, a Silicon Valley Democrat whose congressional portfolio disclosures already span more than 19,000 career transactions.
The activity involved two moves in quick succession: a modest sale followed days later by a significantly larger purchase of APP, the fast-growing mobile advertising and app monetization platform that has become one of the biggest companies in the digital ad infrastructure space.
AppLovin, now valued at roughly $155 billion, develops software tools that help mobile app developers market their apps, optimize advertising, and generate revenue through programmatic ad placement. Its technology stack—particularly its AI-driven ad optimization—has helped it become a major player across the mobile gaming ecosystem, attracting strong investor attention as mobile advertising rebounds.
The disclosure indicates the trades were made by a dependent child in Khanna’s household. Under the STOCK Act, members of Congress must report transactions made by themselves, spouses, or dependent children within specified time windows.
Details of the February trades
- Feb. 17, 2026: Sell — $1,000–$15,000 of AppLovin
- Feb. 24, 2026: Buy — $50,000–$100,000 of AppLovin
Combined, the transactions represent an estimated $83,000 in reported trading activity over the one-week period. The structure of the trades suggests a repositioning toward a larger stake in the company after the earlier partial sale.
Because congressional disclosures list ranges rather than precise figures, the exact size of the position is unclear. At AppLovin’s recent share price of about $458.67, the larger purchase alone could represent a sizable number of shares depending on where within the reporting band the transaction falls.
Lawmakers and the AppLovin trade
Khanna is not the only member of Congress connected to trades in the company. Disclosure filings show seven lawmakers have reported transactions involving AppLovin shares.
The company’s rapid growth has placed it squarely on the radar of investors tracking the digital advertising sector, particularly as AI-driven targeting and mobile gaming monetization become central to ad tech competition.
Khanna’s committee assignments also intersect with parts of the broader technology ecosystem. He serves on the House Armed Services Committee and the House Oversight and Government Reform Committee, including panels focused on cybersecurity, information technology, and government innovation. He is also a member of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, which frequently examines technology supply chains and digital competition.
While those roles do not directly regulate mobile advertising platforms, they place Khanna in ongoing policy discussions about U.S. technology leadership and digital infrastructure.
Khanna, who represents a district at the center of Silicon Valley, has long been closely associated with the tech sector both politically and geographically. Financial disclosures show a high volume of transactions across many companies over the years.
Congressional filings continue to provide a window into lawmakers’ financial activity, and new reports are added regularly alongside the latest congressional trades disclosed under federal ethics rules.