Form 4: Apollo Global Management's Co-President James Zelter Reports Changes in Beneficial Ownership

James Zelter, Co-President of Apollo Global Management, reports the disposition of shares to cover tax obligations and details his beneficial ownership, including shares held directly and indirectly through associated entities.

Summary

• On August 9, 2024, James Zelter, Co-President of Apollo Global Management, reported changes in his beneficial ownership of the company's common stock.
• He disposed of 5,187 shares to satisfy tax obligations at a price of $103.53 per share.
• Following the transaction, Zelter directly owns 5,133,611 shares of common stock, which includes 4,951,549 vested and unvested restricted stock units (RSUs).
• Zelter also indirectly owns 1,112,500 shares through Zelter APO Series LLC and 1,454,588 shares through The James C. Zelter 2023 GRAT No. 1.
• These entities are vehicles over which Zelter exercises voting and investment control.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates