Form 4: APi Group Director James E. Lillie Sells Shares Under 10b5-1 Trading Plan

Director James E. Lillie reports the sale of APi Group Corp shares through a pre-arranged 10b5-1 trading plan.

Summary

• James E. Lillie, a director of APi Group Corp, reported the sale of common stock on March 3, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 8, 2024.
• A total of 142,772 shares were sold at weighted average prices ranging from $37.43 to $39.22.
• The sales were conducted both directly and indirectly through JTOO LLC, where Mr. Lillie is the manager.
• Mr. Lillie also holds shares indirectly through Mariposa Acquisition IV, LLC.
• Following the reported transactions, Mr. Lillie directly owns 1,046,203 to 1,069,259 shares of common stock.
• Mr. Lillie indirectly owns 5,288,734 to 5,380,958 shares through JTOO LLC.
• He also indirectly holds 3,389 shares of common stock and 768,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC.
• Mr. Lillie disclaims beneficial ownership of shares held by Mariposa Acquisition IV, LLC, except to the extent of his pecuniary interest.
• Mr. Lillie also holds 3,810 restricted stock units that vest on June 14, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity under a pre-arranged plan. The market reaction will depend on the size of the sale relative to the insider's holdings and the overall market conditions.

Negatives

• The director sold a significant number of shares, which could be interpreted negatively by the market.

Risks

• Continued sales by insiders could put downward pressure on the stock price.
• The market may react negatively to insider selling, even if it's under a pre-arranged plan.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Insider trading activity is always closely watched by investors as it can provide insights into management's perspective on the company's valuation and future prospects. However, sales under a 10b5-1 plan are often pre-scheduled and may not necessarily reflect a change in the insider's view of the company.

Stakeholder Impact

• Shareholders may react to the news of insider selling, potentially impacting the stock price.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates