Apollo Commercial director receives stock grant

Kasdin Robert A reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 04:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Kasdin Robert A reported acquisition or exercise transactions in this Form 4 filing.

Apollo Commercial Real Estate Finance director Robert A. Kasdin received a stock grant of 9,587 common shares. The shares were awarded at no cash cost per share and were granted under the company’s 2024 Equity Incentive Plan. After this award, he directly holds 114,628 common shares.

Insider Trade Summary

Grant/Award: 9,587 shares

Grant/Award 1 txn

Insider Kasdin Robert A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,587	$0.00	$0.00

Holdings After Transaction: Common Stock — 114,628 shares (Direct)

Footnotes (1)

1. F1. The Issuer granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan.

Key Figures

Shares granted: 9,587 shares Transaction price per share: $0.0000 per share Shares held after transaction: 114,628 shares +1 more

4 metrics

Shares granted 9,587 shares Common Stock grant on 2026-04-01

Transaction price per share $0.0000 per share Equity award, no cash paid

Shares held after transaction 114,628 shares Director’s direct holdings after grant

Transactions acquiring shares 1 transaction Grant, award, or other acquisition

Key Terms

Equity Incentive Plan, Grant, award, or other acquisition, Common Stock, non-derivative

4 terms

Equity Incentive Plan financial

"granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

non-derivative financial

"transaction_type": "non-derivative""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did director Robert A. Kasdin report in this Apollo Commercial Real Estate Finance (ARI) Form 4?

Robert A. Kasdin reported receiving a grant of 9,587 shares of common stock. The award was classified as a grant, award, or other acquisition and increased his direct holdings to 114,628 shares after the transaction.

Was the Apollo Commercial Real Estate Finance (ARI) Form 4 transaction a purchase or a sale?

The Form 4 shows an acquisition classified as a grant or award, not an open-market purchase or sale. Shares were received as equity compensation rather than being bought or sold in the market.

How many Apollo Commercial Real Estate Finance (ARI) shares does Robert A. Kasdin hold after this grant?

Following the equity grant, Robert A. Kasdin directly holds 114,628 shares of Apollo Commercial Real Estate Finance common stock. This total reflects his position after receiving the 9,587-share award reported in the Form 4.

What is the price per share reported for the Apollo Commercial Real Estate Finance (ARI) Form 4 grant?

The Form 4 lists a transaction price of $0.0000 per share for the 9,587-share grant. This reflects that the shares were awarded as compensation, with no cash paid by the director to acquire them.

Under which plan were the Apollo Commercial Real Estate Finance (ARI) shares granted to Robert A. Kasdin?

The 9,587 common shares were granted pursuant to Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan. This plan is used to award equity-based compensation to eligible participants, including directors.

Does the Apollo Commercial Real Estate Finance (ARI) Form 4 show any derivative securities for Robert A. Kasdin?

The filing’s derivative section is empty for this report, indicating no derivative security transactions were reported. The only disclosed activity is the grant of 9,587 shares of common stock as a non-derivative award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Kasdin Robert A

(Last) (First) (Middle)

C/O APOLLO GLOBAL MANAGEMENT, INC.

9 WEST 57TH STREET, 42ND FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Apollo Commercial Real Estate Finance, Inc. [ ARI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		A		9,587(1)	A	$0	114,628	D

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 Issuer granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan.

	/s/ Jessica L. Lomm, as Attorney-in-Fact	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)