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

Director James Lillie of APi Group Corp executed multiple sales of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• James Lillie, a director at APi Group Corp, sold shares of common stock on November 11th and 12th, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on August 8, 2024.
• On November 11th, 11,568 shares were sold directly at a weighted average price of $36.98, and 46,272 shares were sold indirectly through JTOO LLC at the same weighted average price.
• On November 12th, 22,807 shares were sold directly at a weighted average price of $36.69, 3,640 shares were sold directly at a weighted average price of $37.03, 91,235 shares were sold indirectly through JTOO LLC at a weighted average price of $36.69, and 14,554 shares were sold indirectly through JTOO LLC at a weighted average price of $37.03.
• Following these transactions, Mr. Lillie directly owns 1,108,188 shares and indirectly owns 5,053,350 shares through JTOO LLC.
• Mr. Lillie also indirectly holds 1,659 shares of common stock and 768,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC.
• He also holds 3,810 restricted stock units that vest on June 14, 2025.

Sentiment

Score: 4

Explanation: The document is neutral in tone, but the sale of shares by a director could be interpreted as a slightly negative signal by the market.

Negatives

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

Risks

• The market may interpret the director's share sales as a lack of confidence in the company's future performance.
• Large sales by insiders can sometimes lead to downward pressure on the stock price.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. The use of a 10b5-1 plan is also a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The trading activity is consistent with standard insider trading practices under SEC regulations.
• The use of a 10b5-1 trading plan is a common method for corporate insiders to sell shares without raising concerns about insider trading.
• Other directors and officers of publicly traded companies often use similar plans to manage their personal finances and diversify their holdings.

Stakeholder Impact

• Shareholders may react to the news of the director's share sales, potentially impacting the stock price.
• The sales could influence market perception of the company's prospects.

Key Dates

Keywords

insider trading, Form 4, share sales, APi Group Corp, James Lillie, 10b5-1 plan, JTOO LLC, Mariposa Acquisition IV, LLC, director