Form 4: Apollo Co-President Acquires $1.3M in Company Stock

Apollo Global Management Co-President Scott Kleinman acquired 9,279 shares of common stock for approximately $1.3 million, increasing his beneficial ownership.

Summary

• Scott Kleinman, Co-President of Apollo Asset Management, Inc., acquired 9,279 shares of Apollo Global Management, Inc. (APO) common stock.
• The transaction occurred on August 14, 2025, at a price of $142.6 per share, totaling approximately $1,322,655.40.
• These shares are restricted and vest in installments, contingent on continued service through the applicable vesting dates.
• Following this transaction, Mr. Kleinman's total beneficial ownership includes 3,030,557 shares of common stock and 4,676,291 vested and unvested restricted stock units (RSUs).
• His total beneficial ownership, including RSUs, amounts to 7,706,848 shares.
• A significant portion of his holdings are held indirectly through various entities, including Heathcote Capital Partners LP, KRT Investments LLC, KRT Investments VII LLC, KRT Investments IX LLC, KRT Delaware LLC, HCM APO Series LLC (Series A, B, C), The Kleinman Children's Trust, and The Kleinman Descendant's GST-Exempt Trust.

Sentiment

Score: 8

Explanation: The acquisition of a significant number of shares by a high-ranking executive, especially restricted shares tied to continued service, indicates strong insider confidence and long-term commitment to the company's success.

Positives

• Co-President Scott Kleinman's acquisition of 9,279 shares demonstrates continued confidence in Apollo Global Management's future performance.
• The purchase aligns management's interests with those of shareholders, as the shares are restricted and vest over time, contingent on continued service.
• The transaction increases Mr. Kleinman's direct beneficial ownership in the company.

Future Outlook

The vesting schedule for the acquired restricted shares and existing restricted stock units (RSUs) is contingent on the reporting person remaining in service through the applicable vesting dates, indicating a long-term commitment.

Industry Context

This insider stock acquisition by a key executive at Apollo Global Management, a leading global alternative investment manager, signals continued confidence in the firm's strategic direction and asset management performance within the competitive financial services industry.

Related Party Transactions

• Scott Kleinman's beneficial ownership includes shares held indirectly through various entities, some of which involve family trusts (e.g., Heathcote Capital Partners LP, The Kleinman Children's Trust, The Kleinman Descendant's GST-Exempt Trust) and other investment vehicles (e.g., KRT Investments LLC, KRT Investments VII LLC, KRT Investments IX LLC, KRT Delaware LLC, HCM APO Series LLC Series A, B, C).
• The reporting person disclaims beneficial ownership of securities held by KRT Investments LLC, KRT Investments IX LLC (except to the extent of pecuniary interest), and KRT Delaware LLC for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive signal, indicating management's belief in the company's value and future growth.
• Employees, particularly those under similar equity incentive plans, may see this as a reinforcement of the company's commitment to long-term equity alignment.

Next Steps

• The acquired restricted shares and existing restricted stock units (RSUs) will vest in installments according to their respective award agreements, provided Scott Kleinman remains in service through the applicable vesting dates.

Key Dates

Recommendation

The Co-President's acquisition of a substantial number of shares, particularly restricted shares tied to long-term service, signals strong insider confidence in Apollo Global Management's future performance and strategic direction. This aligns management's interests with shareholders and suggests a positive outlook for the company's stock.

Keywords

Apollo Global Management, APO, Scott Kleinman, Insider Trading, Form 4, Stock Acquisition, Restricted Stock, Equity Incentive Plan, Investment Management, Financial Services