Director Mark C. Biderman awarded 9,587 Apollo Commercial (NYSE: ARI) shares

Rhea-AI Filing Summary

BIDERMAN MARK C reported acquisition or exercise transactions in this Form 4 filing.

Apollo Commercial Real Estate Finance, Inc. granted director Mark C. Biderman 9,587 shares of common stock as a compensation-related award under the company’s 2024 Equity Incentive Plan. The grant was made at no stated purchase price. Following this award, Biderman directly holds 70,374 shares of Apollo Commercial Real Estate Finance common stock.

Insider Trade Summary

Net Buyer: 9,587 shares

Net Buy 1 txn

Insider BIDERMAN MARK C

Role Director

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

Holdings After Transaction: Common Stock — 70,374 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 Grant price: $0.00 per share Shares owned after grant: 70,374 shares

3 metrics

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

Grant price $0.00 per share Reported transaction price for awarded shares

Shares owned after grant 70,374 shares Total direct holdings following the award

Key Terms

Common Stock, 2024 Equity Incentive Plan, Grant, award, or other acquisition

3 terms

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.

2024 Equity Incentive Plan financial

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

Grant, award, or other acquisition financial

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

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/03/2026 - 04:34 PM Learn about SEC filing dates

FAQ

What insider transaction did ARI director Mark C. Biderman report?

Mark C. Biderman reported receiving 9,587 shares of Apollo Commercial Real Estate Finance common stock. The shares were granted as a compensation-related award, not bought on the open market, and came under the company’s 2024 Equity Incentive Plan.

How many ARI shares does Mark C. Biderman hold after this Form 4?

After the reported grant, Mark C. Biderman directly holds 70,374 shares of Apollo Commercial Real Estate Finance common stock. This total includes the 9,587 shares awarded to him pursuant to the company’s 2024 Equity Incentive Plan on the reported transaction date.

Was the ARI Form 4 transaction a market purchase or a share grant?

The ARI Form 4 shows a share grant, not a market purchase. The 9,587 shares of common stock were awarded to director Mark C. Biderman at a reported price of $0.00 per share under the 2024 Equity Incentive Plan.

What does the code “A” mean in Mark C. Biderman’s ARI Form 4?

The transaction code “A” on the Form 4 indicates a grant, award, or other acquisition. In this case, it reflects a compensation-related grant of 9,587 Apollo Commercial Real Estate Finance common shares under the company’s 2024 Equity Incentive Plan.

Is Mark C. Biderman’s ARI share ownership direct or indirect after this grant?

Mark C. Biderman’s ownership is reported as direct after this grant. The Form 4 lists the nature of ownership as direct, with 70,374 shares of Apollo Commercial Real Estate Finance common stock held directly in his name.

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^*

BIDERMAN MARK C

(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	70,374	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)