3M APi Group (NYSE: APG) shares sold in Rule 144 block trade
Rhea-AI Filing Summary
APi Group Corp insider-related entities reported a large share sale and detailed holdings. On March 19, 2026, MEF Holdings, LLLP, an entity associated with director and 10% owner Martin E. Franklin, sold 3,000,000 shares of Common Stock in a block trade at $40.88 per share under Rule 144. After this sale, MEF Holdings reported indirect ownership of 21,240,426 Common shares.
The filing also lists indirect interests through Mariposa Acquisition IV, LLC, including Series A Preferred Stock convertible into 3,456,000 Common shares at no additional cost, plus 102,656 Common shares, and through Brimstone Investments LLC holding 2,711,692 Common shares. The Series A Preferred will automatically convert into Common Stock on December 31, 2026. Mr. Franklin disclaims beneficial ownership beyond his pecuniary interest.
Positive
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Negative
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Insights
Large Rule 144 block sale, but significant indirect stake remains.
MEF Holdings, LLLP, linked to Martin E. Franklin, sold 3,000,000 APi Group Common shares at $40.88 in a Rule 144 block trade. This is an open-market disposition, not tied to option exercises or tax withholding, so it is a discretionary liquidity event.
Post-transaction, MEF Holdings still reports 21,240,426 Common shares indirectly, and related entities hold additional Common Stock and Series A Preferred Stock convertible into 3,456,000 Common shares. The automatic conversion on December 31, 2026 means potential future Common share issuance is already contractually defined, and overall exposure to APi Group remains substantial despite this sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000,000 | $40.88 | $122.64M |
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On March 19, 2026, MEF Holdings, LLLP sold 3,000,000 shares of Common Stock in a block trade at a price of $40.88 per share pursuant to Rule 144 of the Securities Act of 1933, as amended. The shares of Common Stock reported herein are held directly by 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. Mr. Franklin disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. The shares of Common Stock 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. As a result, Mr. Franklin may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended) of his proportionate interest in 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. Mr. Franklin disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. The shares of Common Stock reported herein are held directly by 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. 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).
