Joshua Harris Amends Apollo Global Management Stake Filing
Ticker: APOS · Form: SC 13D/A · Filed: May 20, 2024 · CIK: 1858681
| Field | Detail |
|---|---|
| Company | Apollo Global Management, INC. (APOS) |
| Form Type | SC 13D/A |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, ownership-change
Related Tickers: APO
TL;DR
Harris filed an update on his Apollo Global stake. No major changes disclosed yet.
AI Summary
Joshua Harris filed an amendment (No. 16) to his Schedule 13D on May 20, 2024, regarding his holdings in Apollo Global Management, Inc. The filing indicates a change in the reporting person's beneficial ownership of the company's common stock. Harris is listed with a mailing address in Miami Beach, FL.
Why It Matters
This filing updates the market on significant changes in beneficial ownership for a major shareholder of Apollo Global Management, potentially signaling shifts in control or strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, warranting close monitoring.
Key Numbers
- Amendment No. 16 — Filing Amendment (Indicates previous filings and ongoing reporting)
- May 16, 2024 — Date of Event (Trigger date for this filing)
Key Players & Entities
- Joshua Harris (person) — Reporting Person
- Apollo Global Management, Inc. (company) — Subject Company
- MJH PARTNERS II LLC (company) — Group Member
- MJH PARTNERS III LLC (company) — Group Member
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 16?
The provided text is an excerpt and does not detail the specific changes in beneficial ownership, only that an amendment was filed.
What is the CUSIP number for Apollo Global Management, Inc. common stock?
The CUSIP number for Apollo Global Management, Inc. common stock is 03769M 106.
Who is authorized to receive notices and communications for this filing?
Joshua Harris, with an address at 404 Washington Avenue, PH 810, Miami Beach, FL 33139, is authorized to receive notices and communications.
What was the previous name of Apollo Global Management, Inc.?
The previous name of Apollo Global Management, Inc. was Tango Holdings, Inc., with a name change date of April 22, 2021.
What is the primary business address of Apollo Global Management, Inc.?
The primary business address of Apollo Global Management, Inc. is 9 West 57th Street, 42nd Floor, New York, NY 10019.
Filing Stats: 2,197 words · 9 min read · ~7 pages · Grade level 15.7 · Accepted 2024-05-20 16:41:00
Key Financial Figures
- $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (CUSIP Number) 03769M 106
Filing Documents
- dp211435_sc13da-16.htm (SC 13D/A) — 61KB
- 0000950103-24-006906.txt ( ) — 62KB
Source and Amount of Funds or Other
Item 3. Source and Amount of Funds or Other Consideration.
of the Schedule 13D is amended by adding the following sentence
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 16,842 shares of Common Stock to MJH Partners III LLC.
Purpose of Transaction
Item 4. Purpose of Transaction.
of the Schedule 13D is amended by adding the following paragraphs
Item 4 of the Schedule 13D is amended by adding the following paragraphs immediately prior to the penultimate paragraph of such item: On May 16, 2024, MJH Partners II LLC contributed and transferred 16,842 shares of Common Stock to MJH Partners III LLC. On May 16, 2024, MJH Partners III LLC (the “ Counterparty ”), entered into a Delayed Draw Variable Share Forward Sale Transaction with UBS AG, London Branch (the “ Bank ”) pursuant to a Master Confirmation entered into between the Counterparty and the Bank, dated February 20, 2024 (the “ Forward Contract ”). The Forward Contract obligates the Counterparty to deliver to the Bank, on specified dates in August and September 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 1,000,000 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 CUSIP No. 03769M 106 Page 7 of 9 SCHEDULE 13D Contract. 983,158 shares of the Issuer’s Common Stock pledged by the Counterparty were previ
Material to be Filed as Exhibits
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: May 20, 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