Form 4: Socrates Trust Reduces Stake in Apollo Global Management

Socrates Trust, a trust benefiting the family of Leon D. Black, reports a transfer of 14,029 shares of Apollo Global Management to the LB 2018 GST Trust.

Summary

• On November 1, 2024, Socrates Trust transferred 14,029 shares of Apollo Global Management, Inc. common stock to the LB 2018 GST Trust.
• Following the transaction, Socrates Trust directly owns 32,629,251 shares of Apollo Global Management, Inc.
• 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.
• The Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transfer of shares.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding their transactions in the company's stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal given the size of the transaction relative to the total outstanding shares.

Key Dates