SCHEDULE: Apollo Global Management Exits Stake in ADT Inc.

Apollo Management and its affiliates have filed an exit statement indicating they no longer hold any shares of ADT Inc. common stock.

Summary

• Apollo Management Holdings GP, LLC and its affiliated entities have reduced their beneficial ownership in ADT Inc. to zero.
• This filing, Amendment No. 12 to Schedule 13G, serves as an official exit filing for the reporting group.
• The reporting persons previously held significant positions through various vehicles including Prime Security Services TopCo (ML), L.P. and AP VIII Prime Security Services Holdings, L.P.
• As of May 5, 2026, the reporting persons own 0 shares, representing 0.0% of the company's common stock.
• The total number of shares outstanding for ADT Inc. was 736,749,788 as of April 23, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while the exit of a major backer is significant, it is a standard procedure for private equity firms and removes the uncertainty of when the remaining stake would be sold.

Positives

• The complete exit of a large institutional holder may increase the public float and liquidity of the stock.
• Removes the 'overhang' of a potential large-scale sell-off by a major private equity backer.

Negatives

• The total liquidation of a stake by a long-term institutional investor and former parent company can be perceived as a lack of confidence in future outperformance.
• Loss of a major strategic backer with deep industry expertise in the security and services sector.

Risks

• Potential for short-term stock price volatility as the market processes the exit of a major shareholder.
• Possible changes in corporate strategy or board influence following the departure of Apollo-affiliated entities.

Future Outlook

The filing indicates a complete cessation of beneficial ownership by Apollo Management, suggesting they do not intend to maintain a strategic equity position in the company moving forward.

Management Comments

• The reporting persons each disclaim beneficial ownership of all shares of Common Stock previously held of record.
• This amendment constitutes an exit filing for the Reporting Persons, as they no longer beneficially own any securities of the Issuer.

Industry Context

StockSavvy.ai notes that private equity firms typically exit positions after achieving target returns or completing a multi-year restructuring phase. Apollo's exit from ADT marks the conclusion of a significant investment cycle that began with the leveraged buyout and subsequent IPO of the company.

Comparison to Industry Standards

• Apollo's exit follows a standard private equity lifecycle, similar to Blackstone's historical exits from mature portfolio companies.
• The transition to a fully public shareholder base is a common milestone for companies several years post-IPO in the security services industry.

Stakeholder Impact

• Shareholders may experience increased market liquidity.
• The company is now fully independent of its former private equity sponsor's ownership control.

Next Steps

• Monitor for any subsequent changes in the Board of Directors that may result from Apollo's exit.
• Observe market trading volume for potential stabilization now that the major holder has liquidated.

Key Dates

Recommendation

The exit of a major shareholder like Apollo is a significant technical event that often leads to a period of price discovery. However, since it does not reflect a change in the company's operational fundamentals, a hold rating is appropriate until the market absorbs the increased float.

Keywords

ADT Inc., Apollo Management, Schedule 13G, Divestment, Institutional Ownership, Common Stock, Exit Filing, Private Equity