Form 4: Apollo Global CLO Sells 8,500 Shares in Pre-Planned Trade

Apollo Global Management's Chief Legal Officer, Whitney Chatterjee, reported the sale of 8,500 shares of common stock for approximately $1.24 million, executed under a Rule 10b5-1 plan.

Summary

• Whitney Chatterjee, Chief Legal Officer of Apollo Global Management, Inc. (APO), reported a sale of common stock.
• The transaction involved the disposition of 8,500 shares of common stock on December 10, 2025.
• The shares were sold at a weighted average price of $146.0302 per share, with prices ranging from $145.78 to $146.435.
• The total value of the shares sold is approximately $1,241,256.70.
• The sale was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating it was pre-scheduled.
• Following the transaction, Whitney Chatterjee beneficially owns 74,692 shares of common stock.
• This remaining amount includes 54,997 vested and unvested restricted stock units (RSUs) granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan, which vest in installments.

Sentiment

Score: 5

Explanation: A neutral score. While an insider sale can be mildly negative, this transaction is relatively small compared to total holdings and was pre-planned under a 10b5-1 plan, mitigating concerns about opportunistic selling based on non-public information.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on immediate, non-public information, which can reduce concerns about opportunistic insider selling.

Negatives

• An insider sale, even if pre-planned, reduces the reporting person's direct equity stake in the company, which can sometimes be perceived as a minor negative by the market.

Future Outlook

NA

Industry Context

This is a routine insider transaction disclosure for a financial services firm. Such sales are common for executives managing personal portfolios, especially when executed under pre-arranged 10b5-1 plans, and do not typically reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, potentially perceived as slightly negative, but mitigated by the pre-planned nature of the transaction under a 10b5-1 plan.

Key Dates

Recommendation

The insider sale by the Chief Legal Officer is a routine transaction executed under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on new, non-public information. The amount sold represents a small portion of the officer's total beneficial ownership, including a significant number of RSUs. This event alone does not provide sufficient new information to warrant a change in investment thesis for Apollo Global Management, hence a 'hold' recommendation is appropriate.

Keywords

Apollo Global Management, APO, Whitney Chatterjee, Insider Trading, Form 4, Stock Sale, Chief Legal Officer, 10b5-1 Plan, Equity Incentive Plan, Restricted Stock Units