Joshua Harris Amends Apollo Global Management Stake
Ticker: APOS · Form: SC 13D/A · Filed: Jul 24, 2024 · CIK: 1858681
| Field | Detail |
|---|---|
| Company | Apollo Global Management, INC. (APOS) |
| Form Type | SC 13D/A |
| Filed Date | Jul 24, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-activity
Related Tickers: APO
TL;DR
Joshua Harris updated his 13D filing for Apollo Global Management. No major changes detailed yet.
AI Summary
Joshua Harris, through MJH Partners II LLC and MJH Partners III LLC, has filed an amendment (No. 19) to their Schedule 13D for Apollo Global Management, Inc. The filing, dated July 24, 2024, indicates a change in the reporting person's holdings as of July 22, 2024. Harris previously operated under the name Tango Holdings, Inc., which was changed on April 22, 2021.
Why It Matters
This filing signals a potential shift or update in a significant shareholder's position in Apollo Global Management, which could influence market perception and stock movement.
Risk Assessment
Risk Level: medium — Schedule 13D filings, especially amendments, can indicate significant shareholder activity that may impact stock price.
Key Players & Entities
- Joshua Harris (person) — Reporting Person
- MJH PARTNERS II LLC (company) — Filing Group Member
- MJH PARTNERS III LLC (company) — Filing Group Member
- Apollo Global Management, Inc. (company) — Subject Company
- Tango Holdings, Inc. (company) — Former Company Name
FAQ
What is the specific nature of the change reported in Amendment No. 19 to the Schedule 13D?
The filing indicates a change in the reporting person's holdings as of July 22, 2024, but the specific details of the change are not elaborated in the provided text.
Who are the filing persons associated with this Schedule 13D amendment?
The filing persons are Joshua Harris, MJH Partners II LLC, and MJH Partners III LLC.
When was the last reported date of change for this filing?
The date of the event which requires filing of this statement is July 22, 2024, and the filing is as of date July 24, 2024.
What was the previous name of the entity associated with Joshua Harris?
The former company name was Tango Holdings, Inc., with a date of name change on April 22, 2021.
What is the CUSIP number for the common stock of Apollo Global Management, Inc.?
The CUSIP number for the common stock of Apollo Global Management, Inc. is 03769M 106.
Filing Stats: 2,040 words · 8 min read · ~7 pages · Grade level 15.9 · Accepted 2024-07-24 17:04:18
Key Financial Figures
- $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (CUSIP Number) 03769M 106
Filing Documents
- dp215124_sc13da-19.htm (SC 13D/A) — 62KB
- 0000950103-24-010659.txt ( ) — 63KB
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 22, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC. On July 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 December 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, s
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 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