Joshua Harris Amends Apollo Global Management Filing
Ticker: APOS · Form: SC 13D/A · Filed: Nov 21, 2024 · CIK: 1858681
| Field | Detail |
|---|---|
| Company | Apollo Global Management, INC. (APOS) |
| Form Type | SC 13D/A |
| Filed Date | Nov 21, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: APO
TL;DR
Joshua Harris filed an update on his stake in Apollo Global Management. #Apollo
AI Summary
Joshua Harris, through MJH Partners II LLC and MJH Partners III LLC, has filed an amendment (Amendment No. 24) to their Schedule 13D for Apollo Global Management, Inc. The filing date is November 21, 2024, with the event date requiring the filing being November 19, 2024. Harris's mailing address is listed as 404 Washington Ave, PH 810, Miami, FL 33139.
Why It Matters
This amendment to a Schedule 13D filing indicates a change in the beneficial ownership or control of Apollo Global Management, Inc. by a significant shareholder, Joshua Harris.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal significant changes in a company's ownership structure, which can lead to volatility.
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
- MJH PARTNERS III LLC (company) — Group member filing
- November 19, 2024 (date) — Date of event requiring filing
- November 21, 2024 (date) — Filing date
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment (Amendment No. 24) to a Schedule 13D, indicating a change in the information previously reported regarding the beneficial ownership of Apollo Global Management, Inc.
Who is the primary individual associated with this filing?
Joshua Harris is the primary individual associated with this filing, with his address listed as 404 Washington Avenue, PH 810, Miami Beach, FL 33139.
What entities are listed as group members in this filing?
MJH PARTNERS II LLC and MJH PARTNERS III LLC are listed as group members in this filing.
What is the subject company of this filing?
The subject company is Apollo Global Management, Inc.
On what date did the event requiring this filing occur?
The date of the event which requires filing of this statement is November 19, 2024.
Filing Stats: 2,042 words · 8 min read · ~7 pages · Grade level 16.2 · Accepted 2024-11-21 16:33:17
Key Financial Figures
- $0.00001 — me of Issuer) Common stock, par value $0.00001 per share (CUSIP Number) 03769M 106
Filing Documents
- dp221024_sc13da-24.htm (SC 13D/A) — 63KB
- 0000950103-24-016626.txt ( ) — 65KB
Source
Item 3. Source and Amount of Funds or Other Consideration.
of the Schedule 13D is amended
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
Item 4. Purpose of Transaction.
of the Schedule 13D is amended
Item 4 of the Schedule 13D is amended by adding the following paragraphs immediately prior to the penultimate paragraph of such item: On November 19, 2024, MJH Partners II LLC contributed and transferred 500,000 shares of Common Stock to MJH Partners III LLC. On November 19, 2024, MJH Partners III LLC (the “ Counterparty ”), entered into a Delayed Draw Variable Share Forward Sale Transaction with JPMorgan Chase Bank, National Association (the “ Bank ”) pursuant to a Master Confirmation entered into between the Counterparty and the Bank, dated May 31, 2023 (the “ Forward Contract ”). The Forward Contract obligates the Counterparty to deliver to the Bank, on specified dates in April of 2030 (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 CUSIP No. 03769M 106 Page 6 of 7 SCHEDULE 13D rights in the Pledged Shares during the term of the pledge (and thereafter if the Counterparty settles the Forward Contract in cash), Under the terms of the Forward Contract, the Counterparty may, at its e
Material
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: November 21, 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