Form 4: Leon Black Donates 1 Million Apollo Global Management Shares to Donor-Advised Fund

Leon Black, a significant figure at Apollo Global Management, donated 1,000,000 shares of common stock to a donor-advised fund on June 12, 2024.

Summary

• On June 12, 2024, Leon D. Black donated 1,000,000 shares of Apollo Global Management, Inc. common stock to a donor-advised fund.
• The transaction was executed under transaction code 'G', indicating a gift.
• Following the transaction, Mr. Black directly owns 35,604,773 shares of Apollo Global Management.
• Additionally, 6,000,000 shares are held indirectly by his spouse.
• Mr. Black disclaims beneficial ownership of securities owned by the 'group' under the Stockholders Agreement, except for his direct pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock donation. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Management Comments

• The Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person.
• This report shall not be deemed an admission that the Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.
• The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The donation to a donor-advised fund is a personal financial decision by Leon Black and doesn't directly reflect on Apollo Global Management's operational performance.

Key Dates