Joshua Harris Amends Apollo Global Management Stake
Ticker: APOS · Form: SC 13D/A · Filed: Oct 3, 2024 · CIK: 1858681
| Field | Detail |
|---|---|
| Company | Apollo Global Management, INC. (APOS) |
| Form Type | SC 13D/A |
| Filed Date | Oct 3, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-filing
Related Tickers: APO
TL;DR
Joshua Harris filed an amendment for his Apollo Global stake. Watch for changes.
AI Summary
Joshua Harris, through MJH Partners II LLC and MJH Partners III LLC, has amended their Schedule 13D filing for Apollo Global Management, Inc. as of October 3, 2024. This amendment, designated as Amendment No. 21, indicates a change in the reporting person's holdings or intentions regarding the company's common stock.
Why It Matters
Amendments to Schedule 13D filings often signal shifts in significant shareholder positions or strategies, which can influence market perception and stock price.
Risk Assessment
Risk Level: medium — Schedule 13D filings by significant shareholders can indicate potential changes in control or strategy, impacting the company's stock.
Key Numbers
- 21 — Amendment Number (Indicates this is the 21st update to the filing.)
- October 3, 2024 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Joshua Harris (person) — Reporting Person
- Apollo Global Management, Inc. (company) — Subject Company
- MJH PARTNERS II LLC (company) — Filing Group Member
- MJH PARTNERS III LLC (company) — Filing Group Member
FAQ
What specific changes are detailed in Amendment No. 21 to the Schedule 13D filing?
The provided text is a header and does not detail the specific changes made in Amendment No. 21. A full review of the filing document (dp219013_sc13da-21.htm) would be required to ascertain the exact nature of the changes.
Who is the subject company of this filing?
The subject company is Apollo Global Management, Inc.
Who is filing this Schedule 13D/A amendment?
The filing is made by Joshua Harris, through his associated entities MJH Partners II LLC and MJH Partners III LLC.
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.
What is the business address of Apollo Global Management, Inc.?
The business address of Apollo Global Management, Inc. is 9 WEST 57TH STREET, 42ND FLOOR, NEW YORK, NY 10019.
Filing Stats: 2,262 words · 9 min read · ~8 pages · Grade level 16 · Accepted 2024-10-03 16:42:33
Key Financial Figures
- $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (CUSIP Number) 03769M 106
Filing Documents
- dp219013_sc13da-21.htm (SC 13D/A) — 67KB
- 0000950103-24-014585.txt ( ) — 69KB
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 1,000,000 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 October 1, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC, and on October 2, 2024, MJH Partners II LLC contributed and transferred an additional 500,000 shares of Common Stock to MJH Partners III LLC. On October 1, 2024, MJH Partners III LLC (the “ Counterparty ”) entered into a Delayed Draw Variable Share Forward Sale Transaction with UBS, AG, London Branch (“ UBS ”) pursuant to a Master Confirmation entered into between the Counterparty and UBS, dated February 20, 2024 (the “ UBS Forward Contract ”). On October 2, 2024, the Counterparty entered into a Delayed Draw Variable Share Forward Sale Transaction with Wells Fargo Bank, National Association (“ Wells Fargo ” and, together with UBS, the “ Banks ”) pursuant to a Master Confirmation entered into between the Counterparty and Wells Fargo, dated September 19, 2023 (the “ Wells Fargo Forward Contract ” and, together with the UBS Forward Contract, the “ Forward Contracts ”). The Forward Contracts obligate the Counterparty to deliver to the Banks on specified dates in January of 2030 (in the case of the UBS Forward Contract) and in February of 2030 (in the case of the Wells Fargo Forward Contract) (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 Contracts obligate the Counterparty to deliver to the Banks 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 CUSIP No. 03769M 106 Page 6 of 8 SCHEDULE 13D Counte
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits. Exhibit 3.1: Form of Delayed Draw Variable Share Forward Sale Contract (relating to the UBS Forward Contract)* Exhibit 3.2: Form of Delayed Draw Variable Share Forward Sale Contract (relating to the Wells Fargo Forward Contract)** * Previously filed on February 22, 2024. ** Previously filed on September 21, 2023. CUSIP No. 03769M 106 Page 8 of 8 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: October 3, 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