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

Rhea-AI Filing Summary

Apollo Global Management CFO Kelly Martin reported sales and a gift of company stock while retaining significant holdings. On 08/12/2025 the reporting person sold a total of 15,500 shares in multiple transactions at weighted-average prices in the range of $144.32–$145.665. The filing also shows a gift of 795 shares to the 2025 Martin Kelly Gift Trust. After these transactions the reporting person beneficially owns 331,604 shares directly and 25,035 shares indirectly (held by the trust). The reported beneficial ownership includes 243,455 vested and unvested RSUs that convert to common stock per the award agreements.

Positive

• Full disclosure of sales and gift under Section 16 with explanatory footnotes
• Substantial retained ownership: 331,604 shares directly and 25,035 indirectly after transactions
• Large RSU position disclosed (243,455 vested and unvested RSUs) which maintains future alignment with shareholders

Negative

• Insider sales of 15,500 shares on 08/12/2025 at weighted-average prices between $144.32 and $145.665
• Gift of 795 shares to the 2025 Martin Kelly Gift Trust, reducing direct holdings

Insights

Financial Analyst

TL;DR: Insider sold a modest position; sizable retained holdings and RSUs limit near-term dilution concerns.

The filing shows the CFO executed market sales totaling 15,500 shares at weighted-average prices between $144.32 and $145.665, and made a gift of 795 shares to a family trust. These sales reduce direct holdings but the reporting person continues to hold a substantial position: 331,604 shares directly plus 25,035 indirectly, which includes 243,455 RSUs that will vest per award schedules. For investors, this is a routine Section 16 disclosure of insider liquidity rather than a clear signal of company fundamentals; the magnitude of shares sold appears small relative to total retained economic exposure due to the large RSU balance.

Corporate Governance Expert

TL;DR: Disclosure appears complete and follows Section 16 reporting; sales and a family-trust gift were properly reported.

The Form 4 identifies the reporting person as the Chief Financial Officer and documents multiple sales plus a gift to a trust under the reporting person’s control. Footnotes explain weighted-average pricing across multiple transactions and clarify that the reported beneficial ownership number includes a large RSU position. The form is signed by an attorney-in-fact and includes explanatory footnotes, indicating adherence to disclosure protocols. No amendments or additional contingent arrangements are disclosed in this filing.

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

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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^*

Kelly Martin

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		10,935	D	$144.9513(1)	336,964(2)	D
Common Stock	08/12/2025		S		4,565	D	$145.4957(3)	332,399(2)	D
Common Stock	08/12/2025		G		795	D	$0	331,604	D
Common Stock								25,035	I	2025 Martin Kelly Gift Trust(4)

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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.32 to $145.315 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (3).

2. Reported amount includes 243,455 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.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.32 to $145.665 inclusive.

4. Held by the 2025 Martin Kelly Gift Trust, a trust over which the reporting person exercises sole voting and investment control, and for which members of the reporting person's immediate family are the beneficiaries.

Remarks:

	/s/ Jessica L. Lomm, as Attorney-in-Fact	08/14/2025
	** 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 did Kelly Martin (APO) report on Form 4 dated 08/12/2025?

The filing reports sales totaling 15,500 shares at weighted-average prices in the range $144.32–$145.665, plus a gift of 795 shares to a family trust.

How many Apollo (APO) shares does the reporting person own after these transactions?

After the transactions the reporting person beneficially owns 331,604 shares directly and 25,035 shares indirectly via the 2025 Martin Kelly Gift Trust.

Does the Form 4 disclose any restricted stock units (RSUs)?

Yes. The reported beneficial ownership includes 243,455 vested and unvested RSUs granted under the 2019 Omnibus Equity Incentive Plan that convert to common stock per the award agreements.

What relationship does the reporting person have with Apollo Global Management (APO)?

The reporting person is identified as an Officer with the title Chief Financial Officer.

Was the Form 4 signed and when?

The form is signed by an attorney-in-fact and dated 08/14/2025.