APi Group Corp (APG) insider Franklin details stock dividend, entity transfers
Rhea-AI Filing Summary
APi Group Corp insider Martin E. Franklin, a director and 10% owner, reported several changes in his indirect holdings of APG common stock and Series A preferred stock through affiliated entities. On December 31, 2025, Mariposa Acquisition IV, LLC, an entity over which he exercises voting and investment power, received a stock dividend of 8,084,991 shares of common stock based on its holdings of Series A Preferred Stock. On January 2, 2026, Mariposa transferred 57,940 shares to employees of an affiliate for services, and made pro rata distributions of 5,771,316 shares to MEF Holdings, LLLP and 2,168,331 shares to Brimstone Investments, LLC, with the same share amounts reported as acquired by those entities. The filing also notes 3,456,000 shares of common stock underlying Series A Preferred Stock held by Mariposa, which is convertible into common stock on a 1.5 to 1 basis and will automatically convert on December 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 57,940 | $38.97 | $2.26M |
| Other | Common Stock | 5,771,316 | $0.00 | -- |
| Other | Common Stock | 5,771,316 | $0.00 | -- |
| Other | Common Stock | 2,168,331 | $0.00 | -- |
| Other | Common Stock | 2,168,331 | $0.00 | -- |
| Grant/Award | Common Stock | 8,084,991 | $0.00 | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
Footnotes (1)
- Represents a stock dividend on shares of Series A Preferred Stock of the Issuer. The holder of Series A Preferred Stock of the Issuer is entitled to receive an annual stock dividend based on the market price of the Issuer's Common Stock for the last ten days of the calendar year. Mr. Franklin disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. The shares of Common Stock (prior to the transactions described in footnotes 3, 4 and 6) and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. Mr. Franklin is the manager of Mariposa Acquisition IV, LLC. In such capacity, Mr. Franklin exercises voting and investment power over the shares of Common Stock and Series A Preferred Stock held by Mariposa Acquisition IV, LLC. MEF Holdings, LLLP, the general partner of which is wholly-owned by the Martin E. Franklin Revocable Trust, of which Mr. Franklin is the sole settlor and trustee, holds a limited liability company interest in Mariposa Acquisition IV, LLC. Brimstone Investments LLC, of which Mr. Franklin is the Manager, which is wholly-owned by a trust of which Mr. Franklin is a beneficiary, holds a limited liability company interest in Mariposa. Mr. Franklin disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. Represents a transfer to employees of an affiliate of Mariposa Acquisition IV, LLC for services provided. Represents a pro rata distribution from Mariposa Acquisition IV, LLC to MEF Holdings, LLLP. The shares of Common Stock reported herein are held directly by MEF Holdings, LLLP. Represents a pro rata distribution of Common Stock from Mariposa Acquisition IV, LLC to Brimstone Investments LLC ("Brimstone"). The shares of Common Stock reported herein are held directly by Brimstone. The Series A Preferred Stock is convertible at any time at the election of the holder, on a 1.5 to 1 basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock will automatically convert into Common Stock on December 31, 2026 (the last day of the seventh full financial year of the Issuer following October 1, 2019, or if such date is not a trading day, the first trading day immediately following such date).
FAQ
What insider transactions did APi Group Corp (APG) report for Martin E. Franklin?
The filing reports that entities associated with Martin E. Franklin engaged in several transactions in APi Group Corp common stock. On December 31, 2025, Mariposa Acquisition IV, LLC received a stock dividend of 8,084,991 shares. On January 2, 2026, Mariposa transferred 57,940 shares to employees of an affiliate and made pro rata distributions of 5,771,316 shares to MEF Holdings, LLLP and 2,168,331 shares to Brimstone Investments, LLC, which then reported holding those shares directly.
How are MEF Holdings, LLLP and Brimstone Investments, LLC involved with APi Group Corp (APG) shares?
MEF Holdings, LLLP and Brimstone Investments, LLC each hold APi Group common stock after receiving pro rata distributions from Mariposa Acquisition IV, LLC. MEF Holdings received 5,771,316 shares and Brimstone received 2,168,331 shares on January 2, 2026, and both are entities in which Martin E. Franklin has interests described in the footnotes.
What are the terms of APi Group Corp (APG) Series A Preferred Stock reported in this filing?
The Series A Preferred Stock is convertible at any time at the election of the holder on a 1.5 to 1 basis into APi Group common stock for no additional consideration. It will automatically convert into common stock on December 31, 2026 (or the first trading day immediately following if that date is not a trading day). The filing notes 3,456,000 shares of common stock underlying this preferred stock held by Mariposa Acquisition IV, LLC.
Was any portion of APi Group Corp (APG) stock transferred for employee compensation?
Yes. The filing explains that 57,940 shares of common stock reported as disposed of by Mariposa Acquisition IV, LLC on January 2, 2026 represent a transfer to employees of an affiliate of Mariposa for services provided.