Form 4: Apollo Global Management Director Gary Cohn Reports Expiration of Put Options

Gary D. Cohn, a Director and 10% owner of Apollo Global Management, Inc., filed a Form 4 reporting the expiration of short put options related to 10,000 shares of common stock.

Summary

• The filing reports on the expiration of a short put option (an obligation to buy) held by Gary D. Cohn, a Director and 10% Owner of Apollo Global Management, Inc. (APO).
• The put option had an exercise price of $120 per share and was associated with 10,000 shares of Apollo Global Management Common Stock.
• The option expired on June 20, 2025, in accordance with its terms, and no investment decision was made by Mr. Cohn in connection with its expiration.
• The option was held indirectly through a family limited liability company, and Mr. Cohn disclaims beneficial ownership of these securities.
• This derivative was acquired before Mr. Cohn became a Section 16 insider of the Issuer and was previously reported on his Form 3 filed on April 25, 2025.
• The expiration of this option is exempt from certain provisions of Section 16(b) and Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing reporting the expiration of a derivative, with no direct positive or negative implications for the company's operations or financial health.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• "The Options expired in accordance with their terms, and no investment decision was made by the Reporting Person in connection therewith."

Industry Context

This filing is a routine regulatory disclosure of an insider's derivative position and does not provide broader industry context or trends.

Related Party Transactions

• The short put option was held indirectly through a family limited liability company for which the Reporting Person serves as investment manager and for which the Reporting Person's descendants are the ultimate beneficiaries. The Reporting Person disclaims beneficial ownership of these securities.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine disclosure of an insider's derivative position expiring, with no direct operational or financial implications for the company.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

SEC Form 4, Insider Trading, Beneficial Ownership, Derivative Securities, Put Option, Option Expiration, Apollo Global Management, APO, Gary Cohn, Director