Form 4: APi Group Corp: Director Martin Franklin Sells Shares Under 10b5-1 Plan

Director Martin E. Franklin sold APi Group Corp shares between August 21 and August 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Martin E. Franklin, a director and 10% owner of APi Group Corp, reported the sale of common stock between August 21 and August 23, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 8, 2024.
• On August 21, 2024, 321,077 shares were sold at a weighted average price of $35.16, with prices ranging from $35.15 to $35.34.
• On August 22, 2024, 178,346 shares were sold at a weighted average price of $35.26, with prices ranging from $35.10 to $35.42.
• On August 23, 2024, 160,577 shares were sold at a weighted average price of $35.51, with prices ranging from $35.20 to $35.90.
• Following these transactions, Franklin indirectly owns 14,106,902 shares through MEF Holdings, LLLP and 3,733 shares through Mariposa Acquisition IV, LLC.
• Franklin also indirectly owns 1,728,400 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC, which are convertible to common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were part of a pre-arranged trading plan and do not necessarily reflect a change in the director's outlook on the company.

Industry Context

Sales by significant shareholders are routinely monitored by the market as they can indicate sentiment about the company's prospects, though sales under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.

Stakeholder Impact

• Shareholders may react to the news of the share sales, although the pre-planned nature of the transactions may mitigate any negative impact.

Key Dates