[Form 4] Apollo Global Management, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Scott Kleinman, Co-President of Apollo Asset Management and a director of Apollo Global Management, reported an insider acquisition on 08/14/2025. The Form 4 shows the acquisition of 9,279 restricted shares of Apollo common stock at a price of $142.60 per share; these restricted shares vest in installments per the award agreement and require continued service to vest. The filing also discloses substantial beneficial holdings across multiple vehicles and trusts, including 4,651,303 vested and unvested RSUs granted under the company’s 2019 Omnibus Equity Incentive Plan and various direct and indirect holdings held through family and investment entities.

Positive

• Insider acquisition disclosed: Purchase of 9,279 restricted shares at $142.60 demonstrates continued equity ownership by a senior executive.
• Large RSU holdings: Reporting includes 4,651,303 vested and unvested RSUs under the 2019 Omnibus Equity Incentive Plan, indicating significant deferred equity alignment with shareholders.
• Transparent entity attribution: Holdings are clearly allocated across specific investment vehicles and trusts, with voting and investment control noted where applicable.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a modest block of restricted shares; filing confirms large RSU-based ownership across entities.

The reported purchase of 9,279 restricted shares at $142.60 is a straightforward Section 16 disclosure and does not itself change control or materially alter ownership stakes. The filing’s disclosure that 4,651,303 RSUs are held (vested and unvested) under the 2019 Omnibus Equity Incentive Plan is meaningful for understanding long-term equity exposure and potential future share issuance if RSUs vest and are settled in stock. Holdings are distributed across multiple direct and indirect vehicles, consistent with estate planning and investment structures.

Corporate Governance Expert

TL;DR: Disclosure is routine and aligns with typical executive compensation and estate planning arrangements.

The Form 4 includes customary disclaimers of beneficial ownership for certain entities and clarifies voting and investment control where applicable. The acquired shares are restricted and subject to vesting, which is standard for equity compensation designed to retain executives. The filing provides clear attribution of holdings among related entities and trusts, supporting transparency required by Section 16 reporting.

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^*

KLEINMAN SCOTT

(Last) (First) (Middle)

C/O APOLLO GLOBAL MANAGEMENT, INC.

9 WEST 57TH STREET, 42ND FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Apollo Global Management, Inc. [ APO ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President (See Remarks)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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

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

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

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	08/14/2025		A		9,279(1)	A	$142.6	65,695	I	Heathcote Capital Partners LP(2)
Common Stock								4,676,291(3)	D
Common Stock								9,391	I	KRT Investments LLC(4)
Common Stock								4,584	I	KRT Investments VII LLC(5)
Common Stock								383,980	I	KRT Investments IX LLC(6)
Common Stock								1,806,086	I	KRT Delaware LLC(7)
Common Stock								266,592	I	HCM APO Series LLC, Series A(8)
Common Stock								27,408	I	HCM APO Series LLC, Series B(9)
Common Stock								9,782	I	HCM APO Series LLC, Series C(10)
Common Stock								380,425	I	The Kleinman Children's Trust(11)
Common Stock								77,335	I	The Kleinman Descendant's GST-Exempt Trust(12)

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

Explanation of Responses:

1. Represents restricted shares of common stock of the Issuer issued under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan for Estate Planning Vehicles. The restricted shares vest in installments in accordance with the terms of the applicable award agreement, provided the reporting person remains in service through the applicable vesting date.

2. Held by Heathcote Capital Partners LP, a vehicle directly and indirectly owned by the reporting person, his spouse and certain family trusts and over which the reporting person exercises voting and investment control.

3. Reported amount includes 4,651,303 vested and unvested restricted stock units ("RSUs") granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan. Each RSU represents the contingent right to receive, in accordance with the issuance schedule set forth in the applicable RSU award agreement, one share of common stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, provided the reporting person remains in service through the applicable vesting date.

4. Held by KRT Investments LLC. The reporting person disclaims beneficial ownership of the securities indirectly or directly held by KRT Investments LLC reported herein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

5. Held by KRT Investments VII LLC, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

6. Held by KRT Investments IX LLC ("Investments IX"). Investments IX is owned by the reporting person and a trust for the benefit of the reporting person's descendants and for which the reporting person's father acts as trustee. The reporting person disclaims beneficial ownership of the securities held by Investments IX, except to the extent of his direct or indirect pecuniary interest.

7. Held by KRT Delaware LLC. The reporting person disclaims beneficial ownership of the securities indirectly or directly held by KRT Delaware LLC reported herein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

8. Held by HCM APO Series LLC, Series A, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

9. Held by HCM APO Series LLC, Series B, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

10. Held by HCM APO Series LLC, Series C, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

11. Held by The Kleinman Children's Trust, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

12. Held by The Kleinman Descendant's GST-Exempt Trust, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

Remarks:

Co-President of Apollo Asset Management, Inc.

	/s/ Jessica L. Lomm, as Attorney-in-Fact	08/18/2025
	** 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.

FAQ

What insider transaction did Scott Kleinman report on Form 4 for APO?

The Form 4 reports the acquisition of 9,279 restricted shares on 08/14/2025 at a price of $142.60 per share.

Does the Form 4 indicate whether the acquired shares vest immediately?

No; the filing states the acquired restricted shares vest in installments in accordance with the award agreement and require continued service to vest.

How many RSUs does the filing disclose for Scott Kleinman?

The filing discloses 4,651,303 vested and unvested RSUs granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.

What reporting roles does Scott Kleinman have at Apollo according to the Form 4?

He is reported as a Director and an Officer (Co-President) of Apollo Asset Management, Inc.

Are the reported holdings held directly or through other entities?

Holdings are reported both directly and indirectly across multiple vehicles and trusts (e.g., Heathcote Capital Partners LP, KRT entities, HCM APO Series LLCs, and family trusts).