Form 4: Bridge Investment Director Disposes Shares Post-Apollo Merger

Debra M. Chase, a director at Bridge Investment Group Holdings Inc., reported the disposition of 47,739 Class A Common Stock shares following the company's acquisition by Apollo Global Management, Inc.

Summary

• Debra M. Chase, a director of Bridge Investment Group Holdings Inc. (BRDG), reported a change in beneficial ownership.
• The transaction occurred on September 2, 2025, which was the effective time of a merger.
• Bridge Investment Group Holdings Inc. and Bridge Investment Group Holdings LLC became wholly owned subsidiaries of Apollo Global Management, Inc. ("Parent") as per an Agreement and Plan of Merger dated February 23, 2025.
• Ms. Chase disposed of 47,739 shares of Class A Common Stock.
• Following the transaction, Ms. Chase beneficially owns 0 shares of Class A Common Stock of the Issuer.
• Each share of Class A Common Stock was cancelled and converted into the right to receive 0.07081 shares of Apollo Global Management, Inc. common stock.
• Other securities, including Class B Common Stock, restricted stock awards, restricted stock units, and Class A Units, were also converted into Parent common stock or Parent restricted securities at specified ratios.

Sentiment

Score: 7

Explanation: The filing reports a mandatory transaction due to a merger, which is a neutral event for the reporting person in terms of intent, but positive for the acquiring company. For the acquired company's shareholders, it represents a conversion into a larger entity's stock, which can be seen as a positive strategic outcome.

Positives

• The reporting person's equity in Bridge Investment Group has been converted into shares of Apollo Global Management, Inc., a larger, diversified asset manager, potentially offering greater liquidity and stability.

Negatives

• The reporting person no longer directly holds shares in Bridge Investment Group Holdings Inc., indicating a loss of direct ownership in the original entity.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4, which is a historical transaction report.

Industry Context

This transaction reflects the ongoing consolidation trend within the asset management industry, where larger firms like Apollo Global Management acquire specialized investment groups to expand their asset under management and diversify their offerings. It signifies Apollo's strategic move to integrate Bridge Investment Group's capabilities, likely in real estate or alternative investments, into its broader platform.

Stakeholder Impact

• Shareholders (Bridge Investment Group): Their shares were converted into Apollo Global Management, Inc. common stock, effectively making them shareholders of the acquiring entity.
• Employees (Bridge Investment Group): Restricted stock awards and units were converted into Apollo's equivalent, maintaining continuity of equity incentives under the new parent company.

Key Dates

Keywords

Bridge Investment Group Holdings Inc., BRDG, Apollo Global Management Inc., Merger, Form 4, Debra M Chase, Insider Trading, Acquisition, Common Stock, Director