Apollo Management, L.P. 4

What Happened
Apollo Management Holdings GP, LLC — reported as a 10% owner of ADT Inc. — disposed of 102,000,366 shares of ADT on 2026-05-05 at $7.25 per share, generating approximately $739,502,654 in proceeds. The Form 4 is an "exit filing," and the reporting persons state they no longer beneficially own any ADT securities after this transaction. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-05-05 (reported on Form 4 filed 2026-05-07)
• Price per share: $7.25; Shares sold: 102,000,366; Gross proceeds: ~$739,502,654
• Transaction code: J (other acquisition or disposition) — reported as a disposition
• Shares owned after transaction: 0 (exit filing)
• Footnote: F1 references Exhibit 99.1; see filing for any supporting exhibits or details
• Timeliness: Reported on Form 4 two days after the transaction date (no late-filing indication on the form)

Context
This is an institutional-level sale by a 10% owner (not an executive insider). Exit filings indicate the reporting persons no longer have a beneficial stake; such large disposals can reflect ownership changes by institutional holders and are not by themselves a signal about company operations.