Apollo discloses 10,650,000-share transaction in ADT; 102M shares held

Rhea-AI Filing Summary

Form 4 summary: Apollo-affiliated entities disclosed changes in beneficial ownership of ADT Inc. common stock. The filing lists a transaction dated 08/06/2025 with Transaction Code "J" and a reported price of $8.31. The table row shows a figure of 10,650,000 shares associated with the reported transaction and a total beneficial ownership of 102,000,366 shares following the transaction. Reporting persons named include Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, and Apollo Management Holdings, L.P. Each reporting person is marked as a Director and a 10% Owner. The filing was submitted by more than one reporting person and references Exhibit 99.1 for further explanation and Exhibit 99.2 for signatures (signature date shown as 08/08/2025). The filing does not include the exhibit text within the provided content.

Positive

• Large disclosed beneficial ownership of 102,000,366 ADT shares, indicating material stake by Apollo-affiliated entities
• Significant transaction amount recorded: 10,650,000 shares shown in the report
• Filing identifies reporting entities (Apollo Management Holdings GP, LLC; Apollo Management GP, LLC; Apollo Management Holdings, L.P.) and marks them as Directors and 10% Owners, providing clear counterparty identification
• Price disclosed for the reported transaction: $8.31, offering a concrete reference point

Negative

• Key explanatory exhibit (Exhibit 99.1) is not included in the provided content, so the nature and intent of the transaction cannot be determined from this text alone
• Filing content does not explicitly state within the provided excerpt whether the 10,650,000 shares were acquired or disposed (direction of transaction unclear from available rows)

Insights

Securities Analyst

TL;DR: A large Apollo stake and a 10.65M-share transaction are disclosed, but the filing omits exhibit detail needed to interpret the transaction.

The Form 4 discloses material share counts: 10,650,000 shares linked to the reported transaction and 102,000,366 shares beneficially owned afterward. The reporting parties are Apollo entities designated as Direct and Indirect holders and each checked "Director" and "10% Owner." The transaction is dated 08/06/2025 with a noted price of $8.31 and transaction code "J," while explanatory detail is deferred to Exhibit 99.1. For investors, the filing confirms a very large ownership position but lacks the embedded exhibit needed to determine precise intent or direction of the transaction.

Corporate Governance Expert

TL;DR: The disclosure shows significant insider activity from a 10% owner but does not include the exhibit text to clarify the nature of the transaction.

The filing meets Section 16 reporting format and identifies multiple Apollo entities as reporting persons. Ownership is reported in both Direct and Indirect forms with a large post-transaction stake of 102,000,366 shares. The transaction carries code "J" and points to an exhibit for details; that exhibit is not present in the provided content, preventing a full governance assessment. The document appears procedurally complete but incomplete for substantive interpretation without Exhibit 99.1.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, Apollo Management Holdings, L.P.

Role 10% Owner | 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock	10,650,000	$8.31	$88.50M

Holdings After Transaction: Common Stock — 102,000,366 shares (Indirect, See footnote)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Apollo Management Holdings GP, LLC

(Last) (First) (Middle)

9 W. 57TH STREET, 41ST FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADT Inc. [ ADT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/06/2025		J(1)		10,650,000	D	$8.31	102,000,366	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Apollo Management Holdings GP, LLC

(Last) (First) (Middle)

9 W. 57TH STREET, 41ST FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Apollo Management GP, LLC

(Last) (First) (Middle)

9 W. 57TH STREET, 41ST FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Apollo Management Holdings, L.P.

(Last) (First) (Middle)

9 W. 57TH STREET, 41ST FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1.

	see signatures attached as Exhibit 99.2	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for ADT (ADT)?

The filing lists Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, and Apollo Management Holdings, L.P. as reporting persons.

What transaction date is reported on the ADT Form 4?

The transaction date reported in the table is 08/06/2025.

How many ADT shares are shown as beneficially owned after the reported transaction?

The filing shows 102,000,366 shares beneficially owned following the reported transaction.

What share quantity is associated with the reported transaction on the Form 4?

The table shows 10,650,000 shares associated with the reported transaction.

What price is listed for the reported transaction on the ADT Form 4?

The filing lists a price of $8.31 in the table row for the reported transaction.

Is there additional explanatory information included in the filing?

The filing references Exhibit 99.1 for explanation and Exhibit 99.2 for signatures, but the exhibit text is not included in the provided content.