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

Director Martin Franklin reports sales of APi Group Corp shares through MEF Holdings LLLP 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 on June 10 and June 11, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted by MEF Holdings LLLP on March 8, 2024.
• On June 10, 2024, 19,393 shares were sold at a weighted average price of $37.04, with prices ranging from $36.42 to $37.42.
• Additionally, on June 10, 2024, 375,981 shares were sold at a weighted average price of $37.75, with prices ranging from $37.43 to $37.94.
• On June 11, 2024, 264,626 shares were sold at a weighted average price of $37.41, with prices ranging from $37.12 to $37.63.
• Following these transactions, Martin Franklin indirectly owns 14,766,902 shares through MEF Holdings LLLP and 3,733 shares through Mariposa Acquisition IV, LLC.
• He 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 document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it simply reports share sales under a pre-existing plan.

Industry Context

Sales by major shareholders are common and often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan is a standard practice.

Stakeholder Impact

• The share sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates