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

Apollo Management entities 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, specifically 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.
• Of the total shares sold, 46,722,504 were held by TopCo ML LP and 3,277,496 were held by TopCo ML II LP.
• Following the transaction, Apollo Management Holdings GP, LLC still indirectly beneficially owns 228,650,366 shares.

Sentiment

Score: 5

Explanation: The document is a factual report of a stock sale. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could be positive, negative, or neutral depending on various factors.

Industry Context

The sale represents a significant transaction by a major shareholder in the security and automation industry, which could influence investor sentiment towards ADT and potentially impact its stock performance relative to its peers.

Comparison to Industry Standards

• Comparing this sale to similar transactions by major shareholders in comparable companies like Resideo Technologies or Johnson Controls could provide insights into market trends and investor confidence.
• For example, if Resideo's major shareholders reduced their positions, it could indicate a broader trend in the home security market.
• The size of the sale (50 million shares) is substantial and would likely be viewed differently than smaller, more routine sales by insiders.

Key Dates

Keywords

ADT Inc., Apollo Management, Share Sale, Common Stock, Beneficial Ownership, Open Market, Securities