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

Rhea-AI Filing Summary

Marc J. Rowan, CEO and Director of Apollo Global Management, Inc., reported a sale of 134,000 shares of Apollo common stock on 09/11/2025. The Form 4 shows the shares were disposed of at $0 reported price (transaction code G) and that following the reported transaction the reporting person directly held 1,692,160 shares. The filing lists multiple indirect holdings controlled or owned by entities affiliated with Mr. Rowan, totaling 23,598,118; 6,405,636; 400,000; 1,500,000; 600,000; and 2,902 shares respectively, with explanatory footnotes describing family trusts and controlled entities. The form is signed by Mr. Rowan on 09/15/2025 and contains no derivative transactions.

Insights

Securities Analyst

TL;DR: Insider sale of 134,000 shares; large indirect holdings remain under related entities.

The filing documents a single non-derivative disposal of 134,000 common shares on 09/11/2025 by Marc J. Rowan, with the reported price field marked $0 and transaction code G. The report clarifies substantial indirect ownership across multiple affiliated entities and family trusts. From a shareholder-disclosure perspective, the filing is complete and specifies the post-transaction direct beneficial ownership of 1,692,160 shares. No options, warrants, or other derivatives are reported.

Corporate Governance Expert

TL;DR: Transaction disclosed clearly; ownership structure shows concentrated family/affiliate control.

The Form 4 provides transparent identification of indirect ownership vehicles (e.g., MJR Foundation LLC, RWN Management, LLC and related VPF entities) and links them to Mr. Rowan. The explanatory footnotes describe voting and investment control for each entity. The signature and dates are present, satisfying reporting formalities. The filing does not include additional context about the reason for the sale or use of proceeds.

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^*

ROWAN MARC J

(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)	X	Other (specify below)
	Chief Executive Officer and		Member of a 10% owner group

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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	09/11/2025		G		134,000	D	$0	1,692,160	D
Common Stock								23,598,118	I	See Footnote(1)
Common Stock								6,405,636	I	See Footnote(2)
Common Stock								400,000	I	See Footnote(3)
Common Stock								1,500,000	I	See Footnote(4)
Common Stock								600,000	I	See Footnote(5)
Common Stock								2,902	I	See Footnote(6)

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. By MJR Foundation LLC, an estate planning vehicle for which voting and investment control are exercised by the Reporting Person and which is owned by the Reporting Person, RWN Management, LLC, a family trust with a trust affiliated with Mr. Rowan and MJR-09FT-2A LLC.

2. By RWN Management, LLC, an entity indirectly owned and controlled by the Reporting Person. Alchemy Group Holdings LLC is the managing member of RWN Management, LLC and is also indirectly owned and controlled by the Reporting Person.

3. By RWNM-VPF LLC, a wholly owned subsidiary of RWN Management, LLC.

4. By MJR-VPF LLC, an entity owned and controlled by the Reporting Person.

5. By MJR 09FT-VPF LLC, an entity for which voting and investment control are exercised by the Reporting Person and which is wholly owned by a family trust controlled by Marc Rowan.

6. By MJR-09FT-2A LLC, an entity for which voting and investment control are exercised by the Reporting Person and which is wholly owned by a family trust controlled by Marc Rowan.

	/s/ Marc Rowan	09/15/2025
	** 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).
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