ADT Inc. received an updated Schedule 13G/A showing that a group of Apollo-managed entities collectively report beneficial ownership of 102,000,366 shares of ADT common stock, representing 13.3% of the outstanding class. The filing covers a complex chain of entities, including Prime Security Services TopCo (ML), L.P. and related Apollo funds and managers.
Within this structure, TopCo ML LP is the record holder of 95,314,250 shares (about 12.5% of the class) and TopCo ML II LP holds 6,686,116 shares (about 0.9%). The reported percentages are based on 765,018,211 shares outstanding as of October 28, 2025. Several upper-tier Apollo and Prime entities, and certain executives, expressly disclaim beneficial ownership despite being listed as reporting persons.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 10)
ADT Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
00090Q103
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Apollo Management Holdings GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services TopCo (ML), L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
95,314,250.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
95,314,250.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
95,314,250.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.5 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services TopCo (ML II), L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,686,116.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,686,116.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,686,116.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services TopCo (ML), LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
95,314,250.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
95,314,250.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
95,314,250.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services TopCo (ML II), LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,686,116.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,686,116.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,686,116.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.9 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services TopCo Parent GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
95,314,250.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
95,314,250.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
95,314,250.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
AP VIII Prime Security Services Holdings, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
95,314,250.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
95,314,250.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
95,314,250.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.5 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Prime Security Services GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
AP VIII Prime Security Services Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Apollo Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Apollo Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
00090Q103
1
Names of Reporting Persons
Apollo Management Holdings, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
102,000,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
102,000,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
102,000,366.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
ADT Inc.
(b)
Address of issuer's principal executive offices:
1501 Yamato Road, Boca Raton, FL, 33431
Item 2.
(a)
Name of person filing:
This statement is filed by: (i) Prime Security Services TopCo (ML), L.P. ("TopCo ML LP"); (ii) Prime Security Services TopCo (ML II), L.P. ("TopCo ML II LP"); (iii) Prime Security Services TopCo (ML), LLC ("Prime TopCo ML"); (iv) Prime Security Services TopCo (ML II), LLC ("Prime TopCo ML II"); (v) Prime Security Services TopCo Parent GP, LLC ("TopCo Parent GP"); (vi) AP VIII Prime Security Services Holdings, L.P. ("AP VIII Prime Security LP"); (vii) Prime Security Services GP, LLC ("Prime GP"); (viii) AP VIII Prime Security Services Management, LLC ("AP VIII Prime Security Management"); (ix) Apollo Management, L.P. ("Apollo Management"); (x) Apollo Management GP, LLC ("Management GP"); (xi) Apollo Management Holdings, L.P. ("Management Holdings"); and (xii) Apollo Management Holdings GP, LLC ("Management Holdings GP"). The foregoing are collectively referred to herein as the "Reporting Persons."
TopCo ML LP and TopCo ML II LP are each holders of record of the securities of the Issuer.
Prime TopCo ML serves as the general partner of TopCo ML LP, and Prime TopCo ML II serves as the general partner of TopCo ML II LP. TopCo Parent GP serves as the sole member of Prime TopCo ML. AP VIII Prime Security LP serves as the sole member of TopCo Parent GP.
Prime GP serves as the general partner for AP VIII Prime Security LP and as a member for Prime TopCo ML II. AP VIII Prime Security Management serves as the investment manager of AP VIII Prime Security LP and Prime GP. Apollo Management serves as the sole member-manager of AP VIII Prime Security Management. Management GP serves as the general partner of Apollo Management. Management Holdings serves as the sole member and manager of Management GP, and Management Holdings GP serves as the general partner of Management Holdings.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 9 W. 57th Street, 41st Floor, New York, New York 10019.
(c)
Citizenship:
TopCo ML LP, TopCo ML II LP, AP VIII Prime Security LP, Apollo Management and Management Holdings are each Delaware limited partnerships. Prime TopCo ML, Prime TopCo ML II, TopCo Parent GP, Prime GP, AP VIII Prime Security Management, Management GP, and Management Holdings GP are each Delaware limited liability companies.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
00090Q103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Management Holdings GP 102,000,366
TopCo ML LP 95,314,250
Prime TopCo ML 95,314,250
TopCo ML II LP 6,686,116
Prime TopCo ML II 6,686,116
TopCo Parent GP 95,314,250
AP VIII Prime Security LP 95,314,250
Prime GP 102,000,366
AP VIII Prime Security Management 102,000,366
Apollo Management 102,000,366
Management GP 102,000,366
Management Holdings 102,000,366
Prime TopCo ML, TopCo Parent GP, AP VIII Prime Security LP, Prime GP, AP VIII Prime Security Management, Apollo Management, Management GP, Management Holdings and Management Holdings GP, and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers, of Management Holdings GP, each disclaim beneficial ownership of all shares of Common Stock included in this report, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(b)
Percent of class:
Management Holdings GP 13.3%
TopCo ML LP 12.5%
Prime TopCo ML 12.5%
TopCo ML II LP 0.9%
Prime TopCo ML II 0.9%
TopCo Parent GP 12.5%
AP VIII Prime Security LP 12.5%
Prime GP 13.3%
AP VIII Prime Security Management 13.3%
Apollo Management 13.3%
Management GP 13.3%
Management Holdings 13.3%
The percentage amounts are based on 765,018,211 shares of Common Stock outstanding as of October 28, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on November 4, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0 for all Reporting Persons
(ii) Shared power to vote or to direct the vote:
Management Holdings GP 102,000,366
TopCo ML LP 95,314,250
Prime TopCo ML 95,314,250
TopCo ML II LP 6,686,116
Prime TopCo ML II 6,686,116
TopCo Parent GP 95,314,250
AP VIII Prime Security LP 95,314,250
Prime GP 102,000,366
AP VIII Prime Security Management 102,000,366
Apollo Management 102,000,366
Management GP 102,000,366
Management Holdings 102,000,366
(iii) Sole power to dispose or to direct the disposition of:
0 for all Reporting Persons
(iv) Shared power to dispose or to direct the disposition of:
Management Holdings GP 102,000,366
TopCo ML LP 95,314,250
Prime TopCo ML 95,314,250
TopCo ML II LP 6,686,116
Prime TopCo ML II 6,686,116
TopCo Parent GP 95,314,250
AP VIII Prime Security LP 95,314,250
Prime GP 102,000,366
AP VIII Prime Security Management 102,000,366
Apollo Management 102,000,366
Management GP 102,000,366
Management Holdings 102,000,366
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in ADT (ADT) does the Apollo reporting group disclose?
The reporting group led by Apollo-managed entities discloses beneficial ownership of 102,000,366 shares of ADT common stock, representing 13.3% of the outstanding class.
Which Apollo-related entities are the primary record holders of ADT (ADT) shares?
The filing states that Prime Security Services TopCo (ML), L.P. holds 95,314,250 shares of ADT common stock and Prime Security Services TopCo (ML II), L.P. holds 6,686,116 shares.
How were the ownership percentages for Apollo’s ADT (ADT) stake calculated?
The ownership percentages are based on 765,018,211 ADT common shares outstanding as of October 28, 2025, as reported in ADT’s Form 10-Q, with the Apollo group’s 102,000,366 shares equating to 13.3%.
Do Apollo and its affiliates claim full beneficial ownership of their reported ADT (ADT) shares?
Several entities, including Prime TopCo ML, TopCo Parent GP, AP VIII Prime Security LP, Apollo Management, and others, along with certain executives, explicitly disclaim beneficial ownership of the ADT shares listed in the report.
What voting power does the Apollo reporting group have over its ADT (ADT) shares?
For all reporting persons, the filing shows 0 shares with sole voting power and shared voting power over up to 102,000,366 shares, mirroring the reported beneficial stake.
What type of securities are covered by this ADT (ADT) Schedule 13G/A filing?
The filing covers ADT Inc. common stock with a par value of $0.01 per share, identified by CUSIP 00090Q103.
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