Form 4: Apollo Commercial Real Estate Finance CEO Sells Over 52,000 Shares Under Pre-Arranged Plan

Stuart Rothstein, President and CEO of Apollo Commercial Real Estate Finance, Inc. (ARI), sold 52,074 shares of common stock on June 16, 2025, through a pre-arranged Rule 10b5-1 plan.

Summary

• Stuart Rothstein, who serves as President & CEO, Director, and a 10% Owner of Apollo Commercial Real Estate Finance, Inc. (ARI), disposed of 52,074 shares of the company's common stock.
• The transaction took place on June 16, 2025.
• The shares were sold at a weighted average price of $9.8287 per share, with individual transaction prices ranging from $9.78 to $9.91.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which Mr. Rothstein adopted on November 13, 2024.
• Following this reported transaction, Mr. Rothstein beneficially owns 333,854 shares of Apollo Commercial Real Estate Finance, Inc. common stock.
• The remaining beneficial ownership includes 210,122 restricted stock units (RSUs) granted under the company's 2019 and 2024 Equity Incentive Plans, which represent contingent rights to receive common stock upon vesting in installments.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to an insider sale by a key executive, but mitigated by the fact that it was a pre-planned transaction under a Rule 10b5-1 plan, suggesting it was not based on new, adverse information.

Positives

• The sale was executed under a Rule 10b5-1 plan, indicating it was a pre-scheduled transaction and not based on immediate, undisclosed material information, which enhances transparency.

Negatives

• The sale by a key executive, the President and CEO, reduces their direct equity stake in the company by 52,074 shares.

Future Outlook

The document is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details a routine insider transaction by a key executive of Apollo Commercial Real Estate Finance, Inc. It does not provide information on broader industry trends or competitive landscape, as its scope is limited to individual stock ownership changes.

Stakeholder Impact

• Shareholders: The sale by the President and CEO could be perceived by some shareholders as a reduction in management's direct equity alignment, although the pre-planned nature of the sale (Rule 10b5-1) typically lessens concerns about its implications for the company's immediate prospects.

Next Steps

• The 210,122 restricted stock units (RSUs) held by Stuart Rothstein are expected to vest in installments in accordance with the terms of the applicable RSU Award Agreements, provided he remains in service through the vesting dates.

Key Dates

Keywords

Apollo Commercial Real Estate Finance, ARI, Stuart Rothstein, insider trading, Form 4, stock sale, Rule 10b5-1, common stock, CEO, director, restricted stock units