Form 4: Apollo Affiliates Divest 45 Million Shares of ADT Common Stock

Affiliates of Apollo Management, a significant shareholder and director of ADT Inc., sold 45 million shares of ADT common stock for $8.27 per share, reducing their beneficial ownership.

Summary

• On June 4, 2025, Prime Security Services TopCo (ML), L.P. and Prime Security Services TopCo (ML II), L.P. (collectively, the Apollo Stockholders), sold an aggregate of 45,000,000 shares of ADT Inc. common stock.
• The shares were sold in the open market at a price of $8.27 per share, totaling approximately $372.15 million in proceeds.
• The sale consisted of 42,050,253 shares held by TopCo ML LP and 2,949,747 shares held by TopCo ML II LP.
• Following this transaction, the Apollo Stockholders beneficially own 183,650,366 shares of ADT Inc. common stock indirectly.
• Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, and Apollo Management Holdings, L.P. are listed as reporting persons due to their indirect beneficial ownership and relationship as 10% owners and having director representation.

Sentiment

Score: 3

Explanation: The significant divestment of 45 million shares by a major institutional investor and 10% owner, Apollo, could signal reduced confidence or a strategic portfolio rebalancing, potentially leading to negative market sentiment and downward pressure on ADT's stock price.

Negatives

• The sale of 45,000,000 shares by a major institutional investor and 10% owner, Apollo, could be perceived negatively by the market, potentially signaling a reduction in confidence in ADT Inc.'s future prospects.
• The large volume of shares sold could create increased supply in the market, potentially leading to downward pressure on ADT Inc.'s stock price.

Risks

• Potential for negative market perception and investor sentiment due to a significant divestment by a major shareholder.
• Increased selling pressure on ADT Inc.'s stock in the short term due to the large volume of shares entering the market.
• Reduced influence or commitment from Apollo Management in ADT Inc. due to their decreased ownership stake.

Future Outlook

N/A

Industry Context

This document reports a specific insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves affiliates of Apollo Management, which is a 10% owner and has director representation on the board of ADT Inc., selling shares of ADT Inc. common stock.

Stakeholder Impact

• Shareholders of ADT Inc. may experience downward pressure on the stock price due to the increased supply of shares and potential negative sentiment resulting from a major investor's divestment.

Key Dates

Keywords

ADT Inc., Apollo Management, SEC Form 4, stock sale, beneficial ownership, insider transaction, institutional investor, common stock, divestment