Joshua Harris Amends Apollo Global Management Stake

TL;DR

Joshua Harris updated his Apollo stake filing. Watch for potential moves.

AI Summary

Joshua Harris, through MJH Partners II LLC and MJH Partners III LLC, has filed an amendment (No. 18) to Schedule 13D for Apollo Global Management, Inc. The filing, dated July 15, 2024, indicates a change in beneficial ownership. The event requiring this filing occurred on July 11, 2024.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Apollo Global Management, Inc., which could impact its stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements.

Key Players & Entities

• Joshua Harris (person) — Filing person and beneficial owner
• Apollo Global Management, Inc. (company) — Subject company
• MJH PARTNERS II LLC (company) — Group member filing on behalf of Joshua Harris
• MJH PARTNERS III LLC (company) — Group member filing on behalf of Joshua Harris

FAQ

Key Financial Figures

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

Filing Documents

• dp214524_sc13da-a18.htm (SC 13D/A) — 57KB
• 0000950103-24-010023.txt ( ) — 58KB

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 500,000 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 July 11, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC. On July 11, 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 November 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. CUSIP No. 03769M 106 Page 6 of 7 SCHEDULE 13D Under the terms of the Forward Contract, the Counterparty may, at its election, subject to certain

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: July 15, 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