Form 4: Apollo Global Management Director James Belardi Reports Changes in Beneficial Ownership

James Richard Belardi, a director and officer of Apollo Global Management, reported transactions and adjustments in beneficial ownership of Apollo Global Management, Inc. shares.

Summary

• James Richard Belardi, a director and officer (CEO of Athene Holding Ltd.) of Apollo Global Management, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The earliest transaction reported was on November 29, 2024, with shares acquired at $175.006.
• On February 28, 2025, more shares were acquired at $149.489.
• A transfer of 50,000 shares from JB Athene Investments III, LLC to Belardi was reported, which was exempt from Section 16 rules.
• A transfer of 163,011 shares from the James and Leslie Belardi Family Trust to JB Athene Investments III, LLC was also reported and exempt from Section 16.
• Belardi directly owns 50,000 shares and indirectly owns shares through various entities including JB Athene Investments, LLC, JB Athene Investments II, LLC, JB Athene Investments III, LLC, JB Athene Investments IV, LLC, and family trusts.
• He also indirectly owns shares through his mother, son and daughter.
• The reported amount includes 86,755 restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions and adjustments in beneficial ownership.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are expected from directors and officers of comparable companies like Blackstone, KKR, and The Carlyle Group.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps maintain investor confidence by ensuring compliance with regulations.

Key Dates