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Belardi adds Apollo (NYSE: APO) RSUs and reports major indirect stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Apollo Global Management director and officer James Richard Belardi reported an equity award of 41,892 restricted stock units (RSUs) of common stock on February 10, 2026, at a price of $0 per unit, bringing his directly held common stock to 76,313 shares.

Each RSU represents the contingent right to receive one Apollo share as it vests under the applicable award agreement, assuming he remains in service through the vesting dates. The filing notes that reported amounts were adjusted for a transfer of 41,892 RSUs from his direct holdings to the James and Leslie Belardi Family Trust, and that this trust now holds 128,647 vested and unvested RSUs.

Belardi also reports substantial indirect holdings of Apollo common stock through various family trusts and investment entities, including 236,052 shares held by the Belardi 2019 GST Non-Exempt Descendants Trust and 1,870,597 shares held by JB Athene Investments, LLC, along with additional positions through other related entities and family members.

Positive

  • None.

Negative

  • None.
Insider Belardi James Richard
Role See Remarks
Type Security Shares Price Value
Grant/Award Common Stock 41,892 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 76,313 shares (Direct); Common Stock — 128,647 shares (Indirect, By James and Leslie Belardi Family Trust)
Footnotes (1)
  1. Represents restricted stock units ("RSUs"). 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. Reported amounts have been adjusted to reflect the transfer of 41,892 RSUs directly owned by the reporting person to the James and Leslie Belardi Family Trust, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act. Reported amount includes 128,647 vested and unvested RSUs. RSUs represent the contingent right to receive shares of Apollo Global Management, Inc. pursuant to an equity plan administered by Apollo Global Management, Inc.
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*
Belardi James Richard

(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)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026
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 02/10/2026 A 41,892(1) A $0 76,313(2) D
Common Stock 128,647(2)(3) I By James and Leslie Belardi Family Trust
Common Stock 236,052 I By Belardi 2019 GST Non-Exempt Descendants Trust
Common Stock 1,870,597 I JB Athene Investments, LLC
Common Stock 1,167,261 I JB Athene Investments II, LLC
Common Stock 637,500 I JB Athene Investments III, LLC
Common Stock 1,478,185 I JB Athene Investments IV, LLC
Common Stock 1,000 I By son
Common Stock 1,000 I By daughter
Common Stock 304.8255 I By mother
Common Stock 138,617 I By Belardi 2024 GRAT
Common Stock 76,385 I By Belardi 2025 GRAT
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 stock units ("RSUs"). 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.
2. Reported amounts have been adjusted to reflect the transfer of 41,892 RSUs directly owned by the reporting person to the James and Leslie Belardi Family Trust, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
3. Reported amount includes 128,647 vested and unvested RSUs. RSUs represent the contingent right to receive shares of Apollo Global Management, Inc. pursuant to an equity plan administered by Apollo Global Management, Inc.
Remarks:
Executive Chairman of Athene Holding Ltd.
/s/ Jessica L. Lomm, as Attorney-in-Fact 02/12/2026
** 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.

FAQ

What did James Richard Belardi report in his latest Apollo (APO) Form 4?

James Richard Belardi reported receiving 41,892 restricted stock units of Apollo common stock as an equity award. The filing also updates his direct holdings to 76,313 shares and details large indirect positions held through multiple family trusts and JB Athene investment entities.

How many Apollo (APO) restricted stock units did Belardi acquire on February 10, 2026?

Belardi acquired 41,892 restricted stock units of Apollo common stock on February 10, 2026, at a stated price of $0 per unit. These RSUs increase his reported directly held common stock to 76,313 shares following the transaction, according to the Form 4 disclosure.

What are the terms of the Apollo (APO) RSUs reported by James Richard Belardi?

The RSUs represent a contingent right to receive one share of Apollo common stock for each vested unit. They vest in installments under an RSU award agreement, provided Belardi remains in service through each applicable vesting date, as described in the explanatory footnotes to the Form 4.

How many Apollo (APO) RSUs are held by the James and Leslie Belardi Family Trust?

The James and Leslie Belardi Family Trust is reported to hold 128,647 vested and unvested restricted stock units of Apollo. The filing explains that amounts were adjusted to reflect a transfer of 41,892 RSUs from Belardi’s direct ownership to this trust, treated as exempt under Rule 16a-13.

Does the Form 4 show any Apollo (APO) holdings in GRAT or descendants’ trusts for Belardi?

Yes. The Form 4 reports 236,052 Apollo shares held by the Belardi 2019 GST Non-Exempt Descendants Trust. It also lists 138,617 shares held by the Belardi 2024 GRAT and 76,385 shares held by the Belardi 2025 GRAT, alongside other indirect family-related holdings.