Form 4: Apollo Global Management Sells 65 Million Shares of ADT Inc. in Public Offering

Apollo Global Management has sold 65 million shares of ADT Inc. common stock through an underwritten public offering.

Summary

• Apollo Stockholders, Prime Security Services TopCo (ML), L.P. and Prime Security Services TopCo (ML II), L.P., sold 65,000,000 shares of ADT Inc. common stock on March 11, 2024.
• The sale was part of an underwritten public offering.
• The shares were sold at a public offering price of $6.50 per share.
• The net price per share after deducting underwriting discounts and commissions was $6.22375.
• The total shares sold consisted of 60,739,255 shares held by TopCo ML LP and 4,260,745 shares held by TopCo ML II LP.
• Apollo Management Holdings GP, LLC is the designated filer for this Form 4.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a share sale, indicating a neutral sentiment. It doesn't inherently suggest positive or negative implications for ADT's performance.

Industry Context

This transaction reflects a significant ownership change in ADT Inc., a major player in the security solutions industry, and may influence investor sentiment and market dynamics within the sector.

Key Dates