Form 4: Apollo Management Sells 50 Million ADT Shares in Open Market

Apollo Management sold 50 million shares of ADT Inc. common stock at $8.02 per share on May 12, 2025.

Summary

• On May 12, 2025, Apollo Stockholders, including Prime Security Services TopCo (ML), L.P. and Prime Security Services TopCo (ML II), L.P., sold 50,000,000 shares of ADT Inc. common stock in the open market.
• The sale price was $8.02 per share.
• TopCo ML LP sold 46,722,504 shares, and TopCo ML II LP sold 3,277,496 shares.
• Following the transaction, Apollo Stockholders continue to beneficially own 228,650,366 shares.
• Apollo Management Holdings GP, LLC is the designated filer for this Form 4.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views about the company's future.

Industry Context

This sale represents a significant transaction by a major shareholder in ADT Inc., which could influence market perception and stock performance. Monitoring the subsequent trading activity and any strategic shifts by Apollo Management will be important.

Stakeholder Impact

• The sale of a large block of shares may cause short-term volatility in ADT's stock price, impacting shareholders.
• The reduction in Apollo's stake could signal a shift in their long-term investment strategy, potentially affecting investor confidence.

Key Dates

Keywords

ADT Inc., Apollo Management, Stock Sale, Form 4, Beneficial Ownership, Common Stock