Apollo Global Management Inc. (New) (APO) executive Zelter sold 60,779 shares for $4.81M at an average $79.22 under a 10b5-1 plan

Insider transactions reported

James C Zelter (executive at Apollo Global Management Inc. (New), APO) reported that they sold 60,779 shares for $4.81M at an average $79.22, and gifted 31,317 shares on Jul 13, 2023. After these transactions the filing shows 6,165,392 shares held directly and 0 shares held indirectly (The James C. Zelter 2021 GRAT No. 1).

Reporting person

Zelter James C

Holdings before and after

• Common Stock: 5,716,630 to 6,165,392 direct
• Common Stock: 31,317 to 0 indirect, The James C. Zelter 2021 GRAT No. 1

Other positions listed

• Common Stock: 665,301 indirect, The James C. Zelter 2022 GRAT No. 1
• Common Stock: 1,200,000 indirect, Zelter APO Series LLC

Footnotes from the filing

1. 1. The sales by the reporting person reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 15, 2023.
2. 2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.51 to $79.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
3. 3. Reported amount includes 4,982,325 vested and unvested restricted stock units ( RSUs ) granted under the the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan. Each RSU represents the contingent right to receive, in accordance with the issuance schedule set forth in the applicable RSU award agreement, one share of common stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, provided the reporting person remains in service through the applicable vesting date.
4. 5. On July 13, 2023, the James C. Zelter 2021 GRAT No. 1 (the GRAT ), a vehicle over which the reporting person exercised voting and investment control, terminated. Upon termination of the GRAT, 31,317 of the shares were distributed to a remainderman trust, for which there is an independent trustee. The remaining 509,541 shares held by such GRAT were distributed to the reporting person as sole annuitant, such distribution being exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-13 thereunder, and continue to be reported in this Form 4 as directly owned.
5. 6. By The James C. Zelter 2022 GRAT No. 1, a vehicle over which the reporting person exercises voting and investment control.
6. 7. By Zelter APO Series LLC, a vehicle over which the reporting person exercises voting and investment control.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Gift:

Code G marks a bona fide gift. No money changes hands.

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