Apollo Co-Founder Harris Amends 13D Filing on Jan 30

TL;DR

**Apollo co-founder Joshua Harris just updated his stake in the company via a 13D/A filing.**

AI Summary

Joshua Harris, a co-founder of Apollo Global Management, Inc., filed an Amendment No. 12 to his Schedule 13D on January 30, 2024. This filing updates his beneficial ownership of Apollo's common stock, par value $0.00001 per share. This matters to investors because it provides transparency into the holdings of a significant insider, Joshua Harris, indicating his continued, albeit potentially adjusted, stake in the company, which can influence market perception and investor confidence.

Why It Matters

This filing provides an updated snapshot of a key insider's ownership in Apollo Global Management, which can signal confidence or a change in strategy from a co-founder.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership report and does not inherently signal high risk, but rather provides updated information.

Analyst Insight

Investors should note that a co-founder is updating their ownership stake, which is a routine disclosure. Further analysis of the full filing would be needed to determine if there was a significant change in holdings (buy or sell) that could impact sentiment.

Key Players & Entities

• Joshua Harris (person) — co-founder and reporting person for Apollo Global Management, Inc.
• Apollo Global Management, Inc. (company) — the subject company whose securities are being reported
• MJH PARTNERS II LLC (company) — a group member associated with the filing
• MJH PARTNERS III LLC (company) — a group member associated with the filing
• $0.00001 (dollar_amount) — par value per share of Apollo Global Management's 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

• dp206143_sc13da-12.htm (SC 13D/A) — 64KB
• 0000950103-24-001609.txt ( ) — 66KB

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 30, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC. On January 30, 2024, MJH Partners III LLC (the “ Counterparty ”), entered into a Delayed Draw Variable Share Forward Sale Transaction with JPMorgan Chase Bank, National Association (the “ Bank ”) pursuant to a Master Confirmation entered into between the Counterparty and the Bank, dated May 31, 2023 (the “ Forward Contract ”). The Forward Contract obligates the Counterparty to deliver to the Bank, on specified dates in May and June 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 conditions,

Material

Item 7. Material to be Filed as Exhibits. Exhibit 3: Form of Delayed Draw Variable Share Forward Sale Contract* * Previously filed. CUSIP No. 03769M 106 Page 7 of 7 SCHEDULE 13D 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: February 1, 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