Apollo Global Management Inc. (New) (APO) executive Zelter sold 87,500 shares for $7.97M at an average $91.08

Insider transactions reported

James C Zelter (executive at Apollo Global Management Inc. (New), APO) reported that they sold 87,500 shares for $7.97M at an average $91.08, and gave up 33 shares at $86.97 to cover taxes or an exercise price between Nov 28, 2023 and Nov 30, 2023. After these transactions the filing shows 1,112,500 shares held indirectly (Zelter APO Series LLC) and 5,094,552 shares held directly.

Reporting person

Zelter James C

Holdings before and after

• Common Stock: 1,200,000 to 1,112,500 indirect, Zelter APO Series LLC
• Common Stock: 5,094,585 to 5,094,552 direct

Other positions listed

• Common Stock: 1,604,588 indirect, The James C. Zelter 2023 GRAT No. 1

Footnotes from the filing

1. 1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.73 to $91.00 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.
2. 2. By Zelter APO Series LLC, a vehicle over which the reporting person exercises voting and investment control.
3. 3. Consists of shares (a) sold to provide funds to satisfy tax obligations of the reporting person or (b) withheld by the Issuer to satisfy the tax withholding obligations of the reporting person, in each case arising in connection with the delivery of shares that were granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan (the Plan ).
4. 4. Reported amount includes 4,914,104 vested and unvested restricted stock units ( RSUs ) granted under the 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.
5. 5. By The James C. Zelter 2023 GRAT No. 1, 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.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

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