Apollo Global Management Inc. (New) (APO) insider Harris acquired 1 unit

Insider transactions reported

Joshua Harris (insider at Apollo Global Management Inc. (New), APO) reported that they acquired 1 unit on Oct 19, 2023.

Reporting person

Harris Joshua

Options and other derivatives

Holdings before and after

• Forward Sale Contract (obligation to sell): 0 to 1 indirect, See Footnote

Footnotes from the filing

1. 1. On October 19, 2023, MJH Partners III LLC ( MJHP III ), a wholly-owned subsidiary of MJH Partners II LLC ( MJHP II ) entered into a delayed draw variable share forward sale transaction with an unaffiliated bank (the Bank ) pursuant to a Master Confirmation entered into between MJHP III and the Bank, dated September 19, 2023 (the Agreement ) relating to up to 1,000,000 shares of common stock of the Issuer, par value $0.00001 per share ( Common Stock ) and obligating MJHP III to deliver to the Bank up to 1,000,000 shares of Common Stock (or, at MJHP III's election, under certain circumstances, an equivalent amount of cash) to settle the Agreement
2. 2. MJHP III pledged 1,000,000 shares of Common Stock (the Pledged Shares ) to secure its obligations under the Agreement, and retained voting and ordinary dividend rights in the Pledged Shares during the term of the pledge (and thereafter if MJHP III settles the Agreement in cash), subject to certain payments MJHP III may need to make to the Bank with respect to dividends under the terms of the Forward Contract. Under the terms of the Agreement, MJHP III may, at its election, subject to certain terms and conditions, receive a prepayment from the Bank with respect to some or all portions of the transactions covered by the Agreement, equal to the present value as of the relevant funding date of the payment of the Floor Price (as defined below) at maturity of the transactions.
3. 3. Under the Agreement, on the relevant settlement date for each of the twenty-five components for which a prepayment has been paid to MJHP III by the Bank, the number of shares of Common Stock to be delivered to the Bank (or on which to base the amount of cash to be delivered to the Bank ) is to be determined as follows: (a) if the per-share volume weighted average price of Common Stock on the related valuation date (the Settlement Price ) is less than or equal to a floor price that will be based on the volume-weighted average price at which the Bank establishes its initial hedge position during a hedging period (the Floor Price ), MJHP III will deliver to the Bank 40,000 shares (i.e., the ratable portion of the Pledged Shares to be delivered with respect to each settlement date) (such number of shares, the Number of Shares ); (b) if the Settlement Price is between the Floor Price and a cap price that will be determined based on the... (Continued in Footnote 4)
4. 4. (Continued from Footnote 3) ...volume-weighted average price at which the Bank establishes its initial hedge position during a hedging period (the Cap Price ), MJHP III will deliver to the Bank a number of shares of Common Stock equal to the Number of Shares multiplied by a fraction, the numerator of which is the Floor Price and the denominator of which is the Settlement Price; and (c) if the Settlement Price is greater than the Cap Price, MJHP III will deliver to the Bank the number of shares of Common Stock equal to the product of (i) the Number of Shares and (ii) a fraction (a) the numerator of which is the sum of (x) the Floor Price and (y) the Settlement Price minus the Cap Price, and (b) the denominator of which is the Settlement Price.
5. 5. Under the Agreement, on the relevant settlement date for each of the twenty-five components for which a prepayment has not been paid to MJHP III by the Bank, the number of shares of Common Stock to be delivered to the Bank (or on which to base the amount of cash to be delivered to the Bank ) is to be determined as follows: (a) if the Settlement Price is greater than the Cap Price, the Bank will pay to MJHP III the Cap Price multiplied by the Number of Shares, and MJHP III will deliver to the Bank a number of shares equal to the Number of Shares; (b) if the Settlement Price is less than the Floor Price, MJHP III will deliver to the Bank a number of shares equal to the Number of Shares, and the Bank will pay to MJHP III the Floor Price multiplied by the Number of Shares; or (c) if the Settlement Price is between the Floor Price and the Cap Price, no payment or delivery of shares will be made by either party.
6. 6. MJHP III is a wholly-owned subsidiary of MJHP II, an estate planning vehicle, each of which is an affiliate of Joshua Harris ( JH ) for which voting and investment control are exercised by JH.
7. 7. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.

Transaction codes in this filing

Other acquisition or disposition:

Code J marks a transaction that fits no other code. The footnotes describe what happened.

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