Form 4: Apollo Global Director Gifts Shares

James Richard Belardi, a Director and Officer of Apollo Global Management, Inc., reported a gift of 33,263 common shares.

Summary

• James Richard Belardi, a Director, 10% Owner, and Executive Chairman of Athene Holding Ltd. (an officer of Apollo Global Management, Inc.), reported a gift transaction.
• On December 11, 2025, Belardi disposed of 33,263 shares of Apollo Global Management, Inc. common stock via a gift (transaction code 'G') at a price of $0 per share.
• Following this transaction, Belardi directly beneficially owns 76,313 shares.
• Indirect beneficial ownership includes 236,052 shares through Belardi 2019 GST Non-Exempt Descendants Trust, 1,000 shares each by his son and daughter, 86,755 shares (including restricted stock units) through James and Leslie Belardi Family Trust, 1,870,597 shares through JB Athene Investments, LLC, 1,167,261 shares through JB Athene Investments II, LLC, 637,500 shares through JB Athene Investments III, LLC, 1,478,185 shares through JB Athene Investments IV, LLC, 304.8255 shares by his mother, 138,617 shares through Belardi 2024 GRAT, and 76,385 shares through Belardi 2025 GRAT.
• Reported amounts reflect recent transfers of 356,149 shares from JB Athene Investments II, LLC to its members (including the Reporting Person and various trusts) and 47,401 shares from Belardi 2022 GRAT II to the Reporting Person, which were pro-rata, in-kind, for no consideration, and exempt from Section 16 pursuant to Rule 16a-13.

Sentiment

Score: 5

Explanation: The transaction is a gift of shares, which is a personal estate planning event for the insider and does not reflect a sale for profit or a direct investment decision based on company performance.

Positives

• The transaction is a gift, indicating a transfer of wealth rather than a sale for personal gain, which can be viewed neutrally or positively regarding the insider's long-term commitment to the company's success, albeit through family/trust structures.

Negatives

• A direct reduction in the reporting person's immediate beneficial ownership, though offset by indirect holdings.

Future Outlook

This filing, an insider transaction report, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is an insider transaction report, which is a routine disclosure for public companies. It does not provide information on broader industry trends or competitors.

Related Party Transactions

• Transfer of 356,149 shares from JB Athene Investments II, LLC to its members, including the Reporting Person and various trusts (Belardi 2019 GST Non-Exempt Descendants Trust, Belardi 2022 GRAT II, Belardi 2024 GRAT, Belardi 2025 GRAT), pro-rata, in-kind, for no consideration.
• Transfer of 47,401 shares from Belardi 2022 GRAT II to the Reporting Person.
• These transfers were exempt from Section 16 pursuant to Rule 16a-13.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a personal transaction by an insider, not a company-level event.
• The gift transaction itself does not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Apollo Global Management, APO, Insider Transaction, Form 4, Beneficial Ownership, Gift, James Richard Belardi, Director, Officer, Athene Holding Ltd.