Apollo (APO) — LDB 2014 LLC Distributes 3,000,000 Shares

What Happened

• LDB 2014 LLC (a reporting entity connected to Apollo’s stockholders agreement) disposed of 3,000,000 Apollo Global Management, Inc. (APO) shares on July 29, 2026 by distributing them to its members. The Form 4 reports this as an "other acquisition or disposition" (transaction code J). No per-share price or aggregate dollar value is reported (N/A), since the shares were distributed rather than sold on the open market.

Key Details

• Transaction date: July 29, 2026
• Transaction type: Distribution to members (Form 4 code J — other acquisition/disposition)
• Shares moved: 3,000,000
• Price / value reported: N/A (distribution, not an open-market sale)
• Shares owned after transaction: Not specified in the filing
• Footnote: Reporting Person states the 3,000,000 shares were distributed to its members (F1).
• Remarks: The filer may be deemed part of a "group" under Apollo’s Stockholders Agreement but disclaims beneficial ownership of shares not directly owned and limits ownership to its pecuniary interest.
• Filing timeliness: The report was filed Aug 11, 2026 for a July 29, 2026 transaction (appears to be filed late relative to the usual Form 4 reporting window).

Context

• A distribution to members is an internal transfer and does not necessarily reflect a market sale or change in overall investor sentiment. Because no sale price is reported, there’s no immediate cash-proceeds implication from this filing. The disclosure and the group/beneficial-ownership disclaimer are common for entities tied to shareholder agreements and larger institutional structures.