Leon Black Amends Apollo Global Management Stake Filing

TL;DR

Leon Black's stake in Apollo Global Management is being re-reported under his name, not Tango Holdings, as of Oct 28.

AI Summary

Leon D. Black, through Elysium Management LLC, has filed Amendment No. 5 to Schedule 13D concerning Apollo Global Management, Inc. The filing, dated October 25, 2024, indicates a change in reporting as of October 28, 2024. Black previously filed as Tango Holdings, Inc. and is now filing under his own name and associated entities.

Why It Matters

This filing updates the ownership structure and reporting for a significant stakeholder in Apollo Global Management, providing transparency on beneficial ownership changes.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, primarily a change in reporting entity rather than a new acquisition or disposition of shares.

Key Numbers

• 20241028 — Date of Event (Date of event requiring filing)
• Amendment No. 5 — Filing Amendment (Indicates this is an update to a previous filing)

Key Players & Entities

• Leon D. Black (person) — Filing person
• Apollo Global Management, Inc. (company) — Subject company
• Elysium Management LLC (company) — Contact entity for filing
• Tango Holdings, Inc. (company) — Former reporting entity

FAQ

Key Financial Figures

• $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (Title of Class of Securiti

Filing Documents

• eh240549403_13da5-black.htm (SC 13D/A) — 33KB
• 0000950142-24-002643.txt ( ) — 35KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No. 5 amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “ Commission ”) by Mr. Leon D. Black (the “ Reporting Person ”), relating to the shares of the common stock, par value $0.00001 per share (“ Common Stock ”), of Apollo Global Management, Inc., a Delaware corporation (the “ Issuer ”) on January 11, 2022, as amended by Amendment No. 1 thereto filed with the Commission on May 27, 2022, Amendment No. 2 thereto filed with the Commission on August 16, 2022, Amendment No. 3 thereto filed with the Commission on February 16, 2024 and Amendment No. 4 thereto filed with the Commission on May 10, 2024 (as so amended, the “ Schedule 13D ”). This Amendment No. 5 is being filed to update the disclosure in Item 6. The Schedule 13D is hereby amended as follows:

Identity and Background

Item 2. Identity and Background. No material change.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. No material change. Item 4. Purpose of Transaction. No material change.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Reference to percentage ownership of the Common Stock in this Schedule 13D are based on 569,534,271 shares of Common Stock, issued and outstanding as of August 5, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on August 8, 2024. (a) and (b) As of the date of this Schedule 13D, Mr. Black is the beneficial owner of 42,604,773 shares of Common Stock (approximately 7.5% of the Common Stock), 36,604,773 of which he holds directly, and 6,000,000 of which are held by his spouse. Mr. Black has sole voting and sole dispositive power with respect to the shares he holds directly, and shares voting and dispositive power over the shares held by his spouse. CUSIP No. 03769M 106 SCHEDULE 13D Page 4 of 5 By virtue of the agreements made pursuant to the Stockholders Agreement, the parties thereto, including the Reporting Person, may be deemed to be acting as a group for purposes of Rule 13d-3 under the Exchange Act. According to public filings, the parties to the Stockholders Agreement, as a group, beneficially own an aggregate of 152,841,675 shares of Common Stock (approximately 26.9% of the Common Stock). The Reporting Person disclaims beneficial ownership of any securities owned by such other parties. Only the shares of Common Stock beneficially owned by the Reporting Person are the subject of this Schedule 13D. For a description of the relationship between the Reporting Person and the other parties to the Stockholders Agreement, see Item 4. (c) Not applicable. (d) Not applicable. (e) Not applicable.

Contracts, Arrangements, Understandings

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. As of the date of this Amendment No. 5, a total of 15,000,000 shares of Common Stock beneficially owned by the Reporting Person are held in one or more margin accounts subject to a standard margin loan arrangement. The Reporting Person does not have any current intention to sell any of such shares.

Material to be

Item 7. Material to be Filed as Exhibits. None. CUSIP No. 03769M 106 SCHEDULE 13D Page 5 of 5

SIGNATURES

SIGNATURES 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 28, 2024 LEON D. BLACK /s/ Leon D. Black Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

View Full Filing

View this SC 13D/A filing on SEC EDGAR