Director-linked entities in APi Group (NYSE: APG) report 7,000-share sale and updated holdings

Rhea-AI Filing Summary

APi Group Corp director-affiliated entity reports share sale and updated holdings. A limited liability company associated with director Anthony E. Malkin, WH Four Winds LLC, sold 7,000 shares of APi Group common stock at $42.472 per share on an open-market basis.

After this sale, WH Four Winds LLC no longer holds APi Group shares, while other entities associated with Malkin continue to hold 41,700 shares through Row Jimmy LLC and 125,100 shares through Peter Malkin Family LLC. Malkin also directly holds 148,718 common shares.

Separately, Malkin holds 6,590 restricted stock units, each representing a contingent right to receive one APi Group common share. These units are scheduled to vest on May 15, 2027, subject to his continuous service with the company through that date.

Insights

Equity compensation and insider-trading analyst

Filing shows a moderate indirect sale and substantial remaining exposure.

The filing reports WH Four Winds LLC, an entity managed by Anthony E. Malkin, sold 7,000 APi Group common shares at $42.472 per share. Following this transaction, that entity holds no shares, but other related entities and direct holdings retain sizeable positions.

Row Jimmy LLC and Peter Malkin Family LLC together hold 166,800 shares, and Malkin directly owns 148,718 shares of common stock. In addition, he holds 6,590 restricted stock units that convert into common shares. This mix indicates continued equity exposure despite the net-sell activity of 7,000 shares.

The restricted stock units are scheduled to vest on May 15, 2027, conditioned on continuous service, which links part of Malkin’s compensation to APi Group’s future performance and his ongoing role. Overall, this looks like a routine portfolio adjustment rather than a transformative ownership change.

Insider Trade Summary

Net Seller: 7,000 shares ($297,304)

Net Sell 5 txns

Insider MALKIN ANTHONY E

Role null

Sold 7,000 shs ($297K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,000	$42.472	$297K
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 0 shares (Indirect, By WH Four Winds LLC); Restricted Stock Units — 6,590 shares (Direct, null); Common Stock — 148,718 shares (Direct, null)

Footnotes (1)

1. These shares were held by a limited liability company, of which the Reporting Person is the manager, and the members of which include entities owned or controlled by the Reporting Person and immediate family members of the Reporting Person. The Reporting Person disclaimed beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein. These shares are held by a limited liability company, of which the Reporting Person is the manager, and the members of which include immediate family members of the Reporting Person, trusts for the benefit of the Reporting Person and his immediate family members, and entities owned or controlled by immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein. These shares are held by a limited liability company, of which the Reporting Person is the manager, and the members of which include trusts for the benefit of immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. These restricted stock units vest on May 15, 2027, 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.

Key Figures

Shares sold by WH Four Winds LLC: 7,000 shares Sale price per share: $42.472 per share Row Jimmy LLC holdings: 41,700 shares +3 more

6 metrics

Shares sold by WH Four Winds LLC 7,000 shares Open-market sale of common stock at $42.472 per share

Sale price per share $42.472 per share Price for 7,000 APi Group common shares sold

Row Jimmy LLC holdings 41,700 shares Common stock held indirectly after transactions

Peter Malkin Family LLC holdings 125,100 shares Common stock held indirectly after transactions

Direct common stock holdings 148,718 shares Common stock held directly by Anthony E. Malkin

Restricted stock units 6,590 units Each unit represents one common share; vesting May 15, 2027

Key Terms

Restricted Stock Units, beneficial ownership, pecuniary interest, limited liability company

4 terms

Restricted Stock Units financial

"These restricted stock units vest on May 15, 2027, which is the one-year anniversary of the grant date"

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.

beneficial ownership financial

"The Reporting Person disclaimed beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

limited liability company financial

"These shares are held by a limited liability company, of which the Reporting Person is the manager"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/23/2026 - 04:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MALKIN ANTHONY E

(Last) (First) (Middle)

C/O API GROUP CORPORATION

1100 OLD HIGHWAY 8 NW

(Street)

NEW BRIGHTON MINNESOTA 55112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
APi Group Corp [ APG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		S		7,000	D	$42.472	0	I	By WH Four Winds LLC(1)
Common Stock								148,718	D
Common Stock								125,100	I	By Peter Malkin Family LLC(2)
Common Stock								41,700	I	By Row Jimmy LLC(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)							(5)	(5)	Common Stock	6,590		6,590	D

Explanation of Responses:

1. These shares were held by a limited liability company, of which the Reporting Person is the manager, and the members of which include entities owned or controlled by the Reporting Person and immediate family members of the Reporting Person. The Reporting Person disclaimed beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein.

2. These shares are held by a limited liability company, of which the Reporting Person is the manager, and the members of which include immediate family members of the Reporting Person, trusts for the benefit of the Reporting Person and his immediate family members, and entities owned or controlled by immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein.

3. These shares are held by a limited liability company, of which the Reporting Person is the manager, and the members of which include trusts for the benefit of immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of the securities held by such limited liability company except to the extent of his pecuniary interest therein.

4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

5. These restricted stock units vest on May 15, 2027, 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.

Remarks:

	/s/ Louis B. Lambert, Attorney-in-Fact	06/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did APi Group (APG) disclose in this Form 4?

APi Group disclosed that WH Four Winds LLC, an entity managed by director Anthony E. Malkin, sold 7,000 shares of common stock at $42.472 per share. After this open-market sale, that LLC no longer holds APi Group shares according to the reported post-transaction balance.

How many APi Group (APG) shares are still held by entities linked to Anthony E. Malkin?

After the reported sale, Row Jimmy LLC holds 41,700 APi Group common shares and Peter Malkin Family LLC holds 125,100 shares. Anthony E. Malkin also directly owns 148,718 common shares, reflecting continued significant equity exposure beyond the 7,000 shares sold by WH Four Winds LLC.

Did Anthony E. Malkin personally sell APi Group (APG) shares in this filing?

The sale involved WH Four Winds LLC, a limited liability company that the filing says is managed by Malkin, rather than a direct personal sale. The filing notes that Malkin disclaims beneficial ownership of securities held by such LLCs except to the extent of his pecuniary interest in them.

What restricted stock units does Anthony E. Malkin hold in APi Group (APG)?

Malkin holds 6,590 restricted stock units, each representing a contingent right to receive one APi Group common share. These units vest on May 15, 2027, provided he continues to serve with the company through that date, aligning part of his compensation with future performance.

How does this APi Group (APG) Form 4 affect Malkin’s overall equity exposure?

The filing shows a net sale of 7,000 shares by WH Four Winds LLC but substantial remaining holdings. Other LLCs associated with Malkin hold 166,800 shares combined, he directly owns 148,718 shares, and he holds 6,590 restricted stock units scheduled to vest in 2027, preserving significant exposure.

What ownership disclaimers are included in the APi Group (APG) Form 4 footnotes?

Footnotes explain that the LLCs holding APi Group shares are managed by Malkin and include entities or trusts involving his immediate family. Malkin disclaims beneficial ownership of securities held by these LLCs except to the extent of his pecuniary interest, clarifying his economic stake versus formal ownership.