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

Director James Lillie sold a significant number of APi Group shares under a pre-arranged 10b5-1 trading plan.

Summary

• James Lillie, a director at APi Group Corp, sold 11,985 shares of common stock directly and 47,939 shares indirectly through JTOO LLC on November 13, 2024.
• The sales were executed at a weighted average price of $36.88 per share, with individual prices ranging from $36.62 to $37.16.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on August 8, 2024.
• Lillie also holds 1,659 shares of common stock and 768,000 shares of Series A Preferred Stock indirectly through Mariposa Acquisition IV, LLC.
• He also has 3,810 restricted stock units that vest on June 14, 2025.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading. It doesn't indicate any positive or negative sentiment, but the sale of shares could be seen as slightly negative.

Risks

• The sale of a significant number of shares by a director could be perceived negatively by the market.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate executives to manage their stock sales and avoid potential insider trading issues.
• The reported transactions are consistent with standard SEC reporting requirements for insider trading.

Stakeholder Impact

• The sale of shares by a director could potentially cause a slight negative reaction from shareholders.

Key Dates

Keywords

APi Group, James Lillie, share sale, Form 4, 10b5-1 plan, insider trading, JTOO LLC, Mariposa Acquisition IV, LLC, restricted stock units