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

Scott Kleinman, Co-President of Apollo Global Management, acquired 10,136 restricted shares of common stock valued at $1.31 million.

Summary

• Scott Kleinman, Co-President of Apollo Asset Management, Inc., a Director, and 10% Owner of Apollo Global Management, Inc., acquired 10,136 restricted shares of common stock.
• The transaction occurred on November 13, 2025, with the shares priced at $129.64 each, totaling approximately $1,314,997.44.
• These restricted shares were issued under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan for Estate Planning Vehicles and are subject to vesting in installments, contingent on continued service.
• Following this acquisition, Kleinman's reported beneficial ownership includes 75,831 shares held indirectly by Heathcote Capital Partners LP, 4,676,291 shares (including vested and unvested restricted stock units), and additional indirect holdings through various entities such as 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: 7

Explanation: The acquisition of restricted shares by a high-ranking executive (Co-President) is generally viewed positively as it aligns management's interests with shareholders and indicates confidence in the company's future. The shares are restricted and part of an equity incentive plan for estate planning, which is a common practice.

Positives

• Co-President Scott Kleinman acquired 10,136 restricted shares of common stock, signaling continued alignment of management interests with shareholders.
• The acquisition at $129.64 per share represents a significant personal investment by a key executive, potentially indicating confidence in the company's valuation and future prospects.

Future Outlook

NA

Industry Context

This Form 4 filing reflects an insider transaction, which is a routine disclosure for publicly traded companies. Insider buying can sometimes be interpreted as a signal of management's confidence in the company's future prospects, particularly in the asset management sector where executive alignment is key.

Stakeholder Impact

• Shareholders may view the insider acquisition as a positive signal of management's confidence in the company's stock value and future performance.

Next Steps

• The restricted shares will vest in installments according to the applicable award agreement, contingent on the reporting person remaining in service.

Key Dates

Recommendation

While the insider acquisition by a Co-President is a positive signal, indicating management's confidence and alignment with shareholder interests, a Form 4 filing alone typically does not provide enough comprehensive financial or strategic information to warrant a 'buy' or 'strong buy' recommendation. It reinforces a 'hold' position for existing investors, suggesting stability and internal confidence, but does not present new fundamental data for a strong upward re-evaluation.

Keywords

Apollo Global Management, APO, Scott Kleinman, Insider Trading, Form 4, Restricted Stock, Equity Incentive Plan, Beneficial Ownership