Apollo Global (NYSE: APO) sells $69M in private employee equity

Rhea-AI Filing Summary

Apollo Global Management, Inc. (APO) filed an amended Form D for an exempt private offering of equity securities under Regulation D Rule 506(b). The notice reports that a total of $69,074,536 has been sold in this offering. The offering relates to issuances of restricted shares held by employees' estate planning vehicles or former employees in respect of certain vested performance fee rights granted during employment. The first sale in this offering occurred on 2022-08-16. Apollo identifies itself in the banking and financial services industry (investing) with annual revenue of over $100,000,000. No finders' fees are reported for this offering, and the exemption claimed is based on Rule 506(b) rather than a registered public sale.

Filing Explained

Apollo reports equity issuances that may dilute existing holders, while its blank remaining-sales field leaves offering completion unresolved.

The 2026-08-25 amendment reports an exempt Rule 506(b) equity offering with $69,074,536 sold since the first sale on 2022-08-16; the restricted-share issuances add equity that can reduce existing holders’ percentage ownership absent offsetting changes.

This is an amended notice, but its “Total Remaining to be Sold” field is blank, so the filing does not establish that the offering is complete.

The notice provides no share count, offering price, use of proceeds, or conversion terms, leaving the ownership impact and any proceeds to Apollo unable to be sized from this filing.

Key Figures

Total Amount Sold: $69,074,536 USD Date of First Sale: 2022-08-16 Issuer Size (Revenue Range): Over $100,000,000 +1 more

4 metrics

Total Amount Sold $69,074,536 USD Total securities sold in the exempt equity offering

Date of First Sale 2022-08-16 Initial sale date for the exempt offering

Issuer Size (Revenue Range) Over $100,000,000 Issuer revenue category selected for Form D

Finders' Fees $0 USD Reported finders' fees for the offering

Key Terms

Regulation D, Rule 506(b), restricted shares, performance fee rights

4 terms

Regulation D regulatory

"if the issuer is claiming a Regulation D exemption for the offering"

Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.

Rule 506(b) regulatory

"Federal Exemption(s) and Exclusion(s) Claimed ... Rule 506(b)"

Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.

restricted shares financial

"Offering relates to issuances of restricted shares held by employees' estate planning"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

performance fee rights financial

"in respect of certain vested performance fee rights granted during employment"

FAQ

What type of securities is Apollo Global Management, Inc. (APO) offering in this Form D/A?

Apollo Global Management, Inc. is offering equity securities in an exempt private placement. The filing states the offering relates to restricted shares held by employees' estate planning vehicles or former employees tied to vested performance fee rights.

How much has been sold in Apollo (APO)'s exempt equity offering?

The Form D amendment reports a total amount sold of $69,074,536 in the exempt equity offering. This amount reflects issuances of restricted shares connected to vested performance fee rights held by employees' estate planning vehicles or former employees.

Under which exemption is Apollo (APO) conducting this private offering?

Apollo Global Management, Inc. is conducting the offering under Regulation D Rule 506(b). This rule allows an exempt private offering of securities without SEC registration, subject to specific conditions, including investor qualification and offering practices.

When did Apollo (APO) first sell securities in this exempt offering?

The filing states that the date of first sale was 2022-08-16. The current Form D/A represents an amendment to a previously filed notice for this same exempt offering.

Did Apollo (APO) pay any finders' fees in connection with this offering?

The Form D/A reports finders' fees of $0 for this exempt offering. This indicates no compensation was paid to finders in connection with the sales described in the notice.

What size category does Apollo (APO) report for this Form D/A offering?

Apollo Global Management, Inc. reports issuer size in the over $100,000,000 revenue category. This classification reflects its revenue range for purposes of the Form D disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 04:19 PM Accepted by SEC EDGAR 08/25/2026 - 04:18 PM Learn about SEC filing dates

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:			3235-0076
Estimated average burden
hours per response:			4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

None

Entity Type

0001858681

Tango Holdings, Inc.

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

Apollo Global Management, Inc.

Jurisdiction of Incorporation/Organization

DELAWARE

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Apollo Global Management, Inc.
Street Address 1		Street Address 2
9 WEST 57TH STREET, 42ND FLOOR
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
NEW YORK	NEW YORK	10019	212-515-3200

3. Related Persons

Last Name	First Name	Middle Name
Beilinson	Marc
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Belardi	James
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Bibliowicz	Jessica
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Cohn	Gary
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Murphy Healey	Kerry
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
O'Neill	Mitra
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Joyner	Pamela
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kleinman	Scott
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Leach	Brian
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Swann	Lynn
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Toomey	Patrick
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Zelter	James
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Chatterjee	Whitney
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kelly	Martin
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Rowan	Marc
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kvalheim	Grant
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Zito	John
Street Address 1	Street Address 2
9 West 57th Street	42nd Floor
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10019

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

4. Industry Group

Agriculture

Banking & Financial Services

Commercial Banking

Insurance

X

Investing

Investment Banking

Pooled Investment Fund

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

Yes No

Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

Oil & Gas

Other Energy

	Health Care
	Biotechnology
	Health Insurance
	Hospitals & Physicians
	Pharmaceuticals
	Other Health Care
	Manufacturing
	Real Estate
	Commercial
	Construction
	REITS & Finance
	Residential
	Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
X	Over $100,000,000			Over $100,000,000
	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

		Rule 504(b)(1) (not (i), (ii) or (iii))
		Rule 504 (b)(1)(i)
		Rule 504 (b)(1)(ii)
		Rule 504 (b)(1)(iii)
	X	Rule 506(b)
		Rule 506(c)
		Securities Act Section 4(a)(5)

Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

Section 3(c)(7)

7. Type of Filing

	New Notice			Date of First Sale	2022-08-16				First Sale Yet to Occur
X	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? X Yes No

9. Type(s) of Securities Offered (select all that apply)

X	Equity		Pooled Investment Fund Interests
	Debt		Tenant-in-Common Securities
	Option, Warrant or Other Right to Acquire Another Security		Mineral Property Securities
	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security		Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient	Recipient CRD Number X None
(Associated) Broker or Dealer X None	(Associated) Broker or Dealer CRD Number X None
Street Address 1	Street Address 2
City	State/Province/Country	ZIP/Postal Code
State(s) of Solicitation (select all that apply) Check "All States" or check individual States All States	Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount		USD	or X Indefinite
Total Amount Sold	$69,074,536	USD
Total Remaining to be Sold		USD	or X Indefinite

Clarification of Response (if Necessary):

Offering relates to issuances of restricted shares held by employees' estate planning vehicles or former employees in respect of certain vested performance fee rights granted during employment.

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

124

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$0	USD	Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0

USD

Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
Apollo Global Management, Inc.	/s/ Jessica L. Lomm	Jessica L. Lomm	Secretary and Vice President	2026-08-25

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.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.