Apollo Co-Founder Joshua Harris Amends 13D Filing

TL;DR

**Apollo co-founder Joshua Harris just updated his ownership stake, watch for details on what he did!**

AI Summary

Joshua Harris, a co-founder of Apollo Global Management, Inc., filed an Amendment No. 11 to his Schedule 13D on January 22, 2024. This filing indicates a change in his beneficial ownership of Apollo's common stock, par value $0.00001 per share. While the specific details of the change aren't fully elaborated in the provided text, such amendments typically reflect transactions like sales, purchases, or changes in voting power. For investors, this matters because significant changes in ownership by a co-founder can signal their evolving confidence in the company's future or a shift in their personal investment strategy.

Why It Matters

Changes in ownership by a co-founder like Joshua Harris can influence investor sentiment and potentially signal future strategic directions for Apollo Global Management.

Risk Assessment

Risk Level: medium — Changes in significant insider holdings can introduce uncertainty, depending on whether the change is an increase or decrease in ownership.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the nature of Joshua Harris's change in beneficial ownership to understand its potential implications.

Key Players & Entities

• Joshua Harris (person) — co-founder and reporting person for Apollo Global Management, Inc.
• Apollo Global Management, Inc. (company) — the issuer of the securities
• MJH PARTNERS II LLC (company) — group member
• MJH PARTNERS III LLC (company) — group member
• $0.00001 (dollar_amount) — par value per share of common stock

FAQ

Key Financial Figures

• $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (CUSIP Number) 03769M 106

Filing Documents

• dp205635_sc13da-11.htm (SC 13D/A) — 71KB
• 0000950103-24-001086.txt ( ) — 73KB

Source

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is amended

Item 3 of the Schedule 13D is amended by adding the following sentence immediately after the last paragraph of such item: No funds or consideration was paid for the transfer by MJH Partners II LLC of 500,000 shares of Common Stock to MJH Partners III LLC.

Purpose

Item 4. Purpose of Transaction.

of the Schedule 13D is amended

Item 4 of the Schedule 13D is amended by adding the following paragraphs immediately prior to the penultimate paragraph of such item: On January 22, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC. On January 22, 2024, MJH Partners III LLC (the “ Counterparty ”), entered into a Delayed Draw Variable Share Forward Sale Transaction with Wells Fargo Bank, National Association (the “ Bank ”) pursuant to a Master Confirmation entered into between the Counterparty and the Bank, dated September 19 , 2023 (the “ Forward Contract ”). The Forward Contract obligates the Counterparty to deliver to the Bank, on specified dates in April and May of 2029 (each, a “ Settlement Date ”), at the Counterparty’s option, up to an aggregate number of shares of the Issuer’s Common Stock equal to the number of shares of Common Stock pledged by the Counterparty or, subject to certain conditions, an equivalent amount of cash. The Forward Contract obligates the Counterparty to deliver to the Bank up to an aggregate number of shares of the Issuer’s Common Stock equal to the number of shares of Common Stock pledged by the Counterparty or, subject to certain conditions and at the Counterparty’s option, an equivalent amount of cash. The Counterparty pledged an aggregate of 500,000 shares of the Issuer’s Common Stock (the “ Pledged Shares ”) to secure its obligations under the Forward Contract. The Counterparty retains ownership and voting and ordinary dividend rights in the Pledged Shares during the term of the pledge (and thereafter if the Counterparty settles the Forward Contract in cash), subject to certain payments the Counterparty may need to make to the Bank with respect to dividends under the terms of the Forward Contract. Under the terms of the Forward Contract, the Counterparty may, at its election, subject to certain terms and conditi

Material

Item 7. Material to be Filed as Exhibits. Exhibit 3: Form of Delayed Draw Variable Share Forward Sale Contract* * Previously filed. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 24, 2024 /s/ Joshua Harris Joshua Harris MJH PARTNERS II LLC By: /s/ Joshua Harris Name: Joshua Harris Title: President MJH PARTNERS III LLC By: /s/ Joshua Harris Name: Joshua Harris Title: President

View Full Filing

View this SC 13D/A filing on SEC EDGAR