APi Group director sells 360,000 shares in plan
APi Group Corp director James E. Lillie reported open-market sales of 360,000 shares of Common Stock.
Rhea-AI Filing Summary
APi Group Corp director James E. Lillie reported open-market sales of 360,000 shares of Common Stock. The sales occurred on May 4 and May 5, 2026 at prices including $44.69, $45.39 and $45.86 per share, with trades executed both from his direct holdings and from JTOO LLC.
All reported sales were made pursuant to a Rule 10b5-1 trading plan adopted by JTOO LLC and Lillie on May 9, 2025. After these transactions, he holds 1,275,019 Common shares directly and 9,237,350 Common shares indirectly through JTOO LLC, plus additional interests via preferred stock and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 360,000 shares
Net Sell
10 txns
Insider
LILLIE JAMES E
Role
Director
Sold
360,000 shs ($16.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 45,816 | $45.39 | $2.08M |
| Sale | Common Stock | 13,645 | $45.86 | $626K |
| Sale | Common Stock | 12,057 | $45.39 | $547K |
| Sale | Common Stock | 3,591 | $45.86 | $165K |
| Sale | Common Stock | 180,217 | $44.69 | $8.05M |
| Sale | Common Stock | 45,322 | $45.60 | $2.07M |
| Sale | Common Stock | 47,425 | $44.69 | $2.12M |
| Sale | Common Stock | 11,927 | $45.60 | $544K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,237,350 shares (Indirect, By JTOO LLC);
Common Stock — 1,275,019 shares (Direct);
Restricted Stock Units — 4,740 contracts (Direct);
Series A Preferred Stock — 1,152,000 contracts (Indirect, By Mariposa Acquisition IV, LLC)
Footnotes (10)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by JTOO LLC and the Reporting Person on May 9, 2025.
- F2. Represents the weighted average price of the shares sold on May 4, 2026. The prices of the shares sold pursuant to the transactions ranged from $44.19 to $45.19 per share. The Reporting Person or JTOO LLC, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F3. The shares of Common Stock reported herein are held directly by JTOO LLC, of which Mr. Lillie is the manager.
- F4. Represents the weighted average price of the shares sold on May 4, 2026. The prices of the shares sold pursuant to the transactions ranged from $45.20 to $45.70 per share. The Reporting Person or JTOO LLC, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F5. Represents the weighted average price of the shares sold on May 5, 2026. The prices of the shares sold pursuant to the transactions ranged from $44.78 to $45.78 per share. The Reporting Person or JTOO LLC, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F6. Represents the weighted average price of the shares sold on May 5, 2026. The prices of the shares sold pursuant to the transactions ranged from $45.79 to $45.99 per share. The Reporting Person or JTOO LLC, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F8. These restricted stock units vest on May 16, 2026, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.
- F9. The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock on 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).
- F10. The shares of Common Stock and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. JTOO LLC, which is owned by the Lillie 2015 Dynasty Trust, of which Mr. Lillie is the grantor, holds a limited liability company interest in Mariposa Acquisition IV, LLC and, as a result, may be deemed to have a pecuniary interest in 15,552 shares of Common Stock and 1,152,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC. Mr. Lillie disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 360,000 shares
Sale prices: $44.19–$45.99/share
Direct Common holdings: 1,275,019 shares
+4 more
7 metrics
Shares sold
360,000 shares
Net Common Stock sold across May 4–5, 2026
Sale prices
$44.19–$45.99/share
Price ranges for May 4–5, 2026 sales from footnotes
Direct Common holdings
1,275,019 shares
Direct APi Group Common Stock after reported transactions
Indirect Common holdings via JTOO LLC
9,237,350 shares
Common Stock held indirectly after reported transactions
Series A Preferred underlying
1,152,000 shares
Common shares underlying Series A Preferred Stock
RSU underlying shares
4,740 shares
Common shares underlying restricted stock units held directly
Pecuniary interest Common shares
15,552 shares
Common shares in Mariposa Acquisition IV, LLC with pecuniary interest
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Series A Preferred Stock, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by JTOO LLC and the Reporting Person on May 9, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Series A Preferred Stock financial
"The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of Common Stock for no additional consideration."
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
pecuniary interest financial
"JTOO LLC ... may be deemed to have a pecuniary interest in 15,552 shares of Common Stock and 1,152,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC."
automatic conversion financial
"The Series A Preferred Stock shall automatically convert into Common Stock on the last day of the seventh full financial year of the Issuer following October 1, 2019..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did APi Group (APG) disclose for James E. Lillie?
APi Group reported that director James E. Lillie was involved in open-market sales of Common Stock totaling 360,000 shares. The transactions occurred on May 4 and May 5, 2026, through both his direct holdings and shares held indirectly via JTOO LLC.
Were James E. Lillie’s APi Group (APG) stock sales made under a 10b5-1 plan?
Yes. The footnotes state the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by JTOO LLC and James E. Lillie on May 9, 2025, indicating a pre-arranged trading framework rather than discretionary timing for these transactions.
What APi Group (APG) holdings does James E. Lillie report after these transactions?
After the reported sales, Lillie holds 1,275,019 APi Group Common shares directly and 9,237,350 Common shares indirectly through JTOO LLC. He also has exposure to 1,152,000 underlying Common shares via Series A Preferred Stock and 4,740 underlying shares through restricted stock units.
What derivative or equity-based awards linked to APi Group (APG) does James E. Lillie hold?
The filing lists Series A Preferred Stock convertible one-for-one into 1,152,000 APi Group Common shares and restricted stock units covering 4,740 Common shares. The restricted stock units vest on May 16, 2026, subject to Lillie’s continuous service with the company through that date.
How does APi Group’s (APG) Series A Preferred Stock convert into Common Stock?
Each share of APi Group Series A Preferred Stock is convertible at any time at the holder’s election into one Common share for no additional consideration and automatically converts on the last day of the seventh full financial year following October 1, 2019, subject to the stated trading-day condition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
