Apollo Global Management (APO) director and officer files Form 4 for stock gifts

Rhea-AI Filing Summary

Apollo Global Management, Inc. reported an insider ownership update for a director who also serves as CEO of Athene Holding Ltd. On 12/02/2025, the reporting person recorded several code "G" transactions, which are gifts or similar transfers. These included a transfer of 1,500 shares of common stock from a trust for descendants and separate transfers of 500 shares each to a son and a daughter, all at a stated price of $0 per share.

After these transactions, the reporting person continues to hold Apollo common stock indirectly through multiple family trusts and investment LLCs, as well as a direct holding. One family trust position includes 86,755 restricted stock units, which represent a contingent right to receive shares under an Apollo equity plan.

Insider Trade Summary

Net Seller: 2,500 shares

Net Sell 10 txns

Insider Belardi James Richard

Role CEO of Athene Holding Ltd.

Type	Security	Shares	Price	Value
Gift	Common Stock	1,500	$0.00	$0.00
Gift	Common Stock	500	$0.00	$0.00
Gift	Common Stock	500	$0.00	$0.00
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 — 154,481 shares (Indirect, By Belardi 2019 GST Non-Exempt Descendants Trust); Common Stock — 1,000 shares (Indirect, By son); Common Stock — 1,000 shares (Indirect, By daughter); Common Stock — 50,000 shares (Direct); Common Stock — 86,755 shares (Indirect, By James and Leslie Belardi Family Trust); Common Stock — 1,870,597 shares (Indirect, JB Athene Investments, LLC); Common Stock — 1,523,410 shares (Indirect, JB Athene Investments II, LLC); Common Stock — 637,500 shares (Indirect, JB Athene Investments III, LLC); Common Stock — 1,478,185 shares (Indirect, JB Athene Investments IV, LLC); Common Stock — 304.8255 shares (Indirect, By mother)

Footnotes (1)

1. F1. Reported amount includes 86,755 restricted stock units ("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.

FAQ

What did Apollo Global Management (APO) disclose in this Form 4 filing?

The filing reports that a director and officer of Apollo Global Management, Inc. recorded several gift (code "G") transactions in Apollo common stock on 12/02/2025, along with updated indirect and direct share holdings.

What is the relationship of the reporting person to Apollo Global Management (APO)?

The reporting person is listed as a Director and an Officer of Apollo Global Management, Inc., with the officer title given as CEO of Athene Holding Ltd.

What types of Apollo (APO) share transfers are reported in this Form 4?

The Form 4 lists code "G" transactions in Apollo common stock, indicating gifts or similar transfers, including 1,500 shares from a descendants trust and 500-share transfers to both a son and a daughter, each at a reported price of $0 per share.

How many Apollo (APO) shares are held through the Belardi family-related entities after the transactions?

Following the reported transactions, holdings are reported in various forms, including 154,481 shares by a 2019 descendants trust, 1,000 shares for a son, 1,000 for a daughter, additional shares in a family trust and several JB Athene Investments LLCs, as well as a 50,000-share direct holding and a fractional holding listed as 304.8255 by the reporting person’s mother.

What does the 86,755 figure mean in the Apollo (APO) Form 4 footnote?

The footnote explains that the reported amount of 86,755 represents restricted stock units (RSUs), which are a contingent right to receive shares of Apollo Global Management, Inc. under an Apollo-administered equity plan.

Are the Apollo (APO) shares in this Form 4 held directly or indirectly?

The filing shows both direct (D) and indirect (I) ownership. Indirect holdings are through various family trusts, investment LLCs, and family members, while there is also a direct position of 50,000 Apollo common shares.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/03/2025 - 06:04 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^*

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)
	CEO of Athene Holding Ltd.

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		G		1,500	D	$0	154,481	I	By Belardi 2019 GST Non-Exempt Descendants Trust
Common Stock	12/02/2025		G	V	500	A	$0	1,000	I	By son
Common Stock	12/02/2025		G	V	500	A	$0	1,000	I	By daughter
Common Stock								50,000	D
Common Stock								86,755(1)	I	By James and Leslie Belardi Family Trust
Common Stock								1,870,597	I	JB Athene Investments, LLC
Common Stock								1,523,410	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								304.8255	I	By mother

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. Reported amount includes 86,755 restricted stock units ("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.

	/s/ Jessica L. Lomm, as Attorney-in-Fact	12/03/2025
	** 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.
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