This Schedule 13G/A reports that a group of Apollo-related entities and Prime Security affiliates collectively disclose significant shared ownership in ADT Inc. The filing identifies the Reporting Persons and their Delaware organization structures, gives a principal business address in New York, and states that certain entities together beneficially own 183,650,366 shares of ADT common stock, representing 23.7% of the class based on 776,526,793 shares outstanding as of July 17, 2025. The statement shows no sole voting or dispositive power for any Reporting Person; all voting and disposition powers reported are shared. The report includes detailed ownership breakdowns for multiple entities (notably TopCo ML LP with 171,612,099 shares and TopCo ML II LP with 12,038,267 shares) and contains signing certifications dated August 14, 2025.
Positive
Reporting Persons disclose a material stake of 183,650,366 shares representing 23.7% of ADT's common stock
Filing provides a clear ownership breakdown by entity (TopCo ML LP 171,612,099; TopCo ML II LP 12,038,267)
Organizational structure and principal business address are explicitly stated, aiding verification
Negative
None.
Insights
TL;DR: Apollo-related group disclosed a material, concentrated 23.7% shared stake in ADT, changing the ownership landscape.
The filing is a clear, factual disclosure of beneficial ownership by a consortium of Apollo and Prime Security entities. The group holds 183,650,366 shares (23.7%) of ADT, with no Reporting Person claiming sole voting or dispositive power; all authority is reported as shared. Materiality: a >20% block is large enough to influence governance and strategic outcomes, and should be modelled explicitly in any ownership or control analysis. The filing identifies the record holders and the chain of control among limited partnerships and managers, which is relevant for assessing decision-making pathways. There are no financial performance metrics or transactions disclosed beyond ownership percentages.
TL;DR: The disclosure documents a coordinated large shareholder group with shared voting/dispositive power, a governance-relevant development.
The Schedule 13G/A lists multiple affiliated entities (TopCo ML LP, TopCo ML II LP, AP VIII Prime Security LP, Apollo Management entities, and related GPs/managers) and maps their interrelationships, showing that control is exercised via shared powers rather than sole authority. For governance review, this concentration and the specific allocation of shares (e.g., 171,612,099 and 12,038,267) are material facts for board engagement planning, potential shareholder proposals, and any assessment of control or concerted action. The filing contains no statements of intent or transaction activity; it is a positional disclosure only.
FAQ
How many ADT (ADT) shares does the Apollo/Prime group report owning?
The group reports beneficial ownership of 183,650,366 shares of ADT common stock.
What percentage of ADT does the filing state the Reporting Persons own?
The filing states the Reporting Persons own 23.7% of the class, based on 776,526,793 shares outstanding as of July 17, 2025.
Do any Reporting Persons claim sole voting or dispositive power over the shares?
No; the filing reports 0 shares with sole voting or dispositive power and records all reported powers as shared.
Which entities hold the largest reported positions in this filing?
TopCo ML LP is reported with 171,612,099 shares and TopCo ML II LP with 12,038,267 shares; other Apollo-related entities are shown in the ownership chain.
What address is listed for the principal business office of the Reporting Persons?
The principal business office address is listed as 9 W. 57th Street, 41st Floor, New York, New York 10019.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
ADT Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
00090Q103
(CUSIP Number)
06/30/2025
(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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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
171,612,099.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
171,612,099.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
171,612,099.00
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)
22.1 %
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
12,038,267.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,038,267.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,038,267.00
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)
1.6 %
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
171,612,099.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
171,612,099.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
171,612,099.00
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)
22.1 %
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
12,038,267.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,038,267.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,038,267.00
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)
1.6 %
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
171,612,099.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
171,612,099.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
171,612,099.00
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)
22.1 %
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
171,612,099.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
171,612,099.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
171,612,099.00
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)
22.1 %
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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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
183,650,366.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
183,650,366.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,650,366.00
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)
23.7 %
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 183,650,366
TopCo ML LP 171,612,099
Prime TopCo ML 171,612,099
TopCo ML II LP 12,038,267
Prime TopCo ML II 12,038,267
TopCo Parent GP 171,612,099
AP VIII Prime Security LP 171,612,099
Prime GP 183,650,366
AP VIII Prime Security Management 183,650,366
Apollo Management 183,650,366
Management GP 183,650,366
Management Holdings 183,650,366
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 23.7%
TopCo ML LP 22.1%
Prime TopCo ML 22.1%
TopCo ML II LP 1.6%
Prime TopCo ML II 1.6%
TopCo Parent GP 22.1%
AP VIII Prime Security LP 22.1%
Prime GP 23.7%
Prime Security Management 23.7%
AP VIII Apollo Management 23.7%
Management GP 23.7%
Management Holdings 23.7%
The percentage amounts are based on 776,526,793 shares of Common Stock outstanding as of July 17, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on July 24, 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 183,650,366
TopCo ML LP 171,612,099
Prime TopCo ML 171,612,099
TopCo ML II LP 12,038,267
Prime TopCo ML II 12,038,267
TopCo Parent GP 171,612,099
AP VIII Prime Security LP 171,612,099
Prime GP 183,650,366
AP VIII Prime Security Management 183,650,366
Apollo Management 183,650,366
Management GP 183,650,366
Management Holdings 183,650,366
(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 183,650,366
TopCo ML LP 171,612,099
Prime TopCo ML 171,612,099
TopCo ML II LP 12,038,267
Prime TopCo ML II 12,038,267
TopCo Parent GP 171,612,099
AP VIII Prime Security LP 171,612,099
Prime GP 183,650,366
AP VIII Prime Security Management 183,650,366
Apollo Management 183,650,366
Management GP 183,650,366
Management Holdings 183,650,366
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.
