Apollo Management GP, LLC 4

What Happened

• Apollo Management Holdings GP, LLC (a reported 10% owner) disposed of 102,000,366 shares of ADT Inc. (ADT) on May 5, 2026 at $7.25 per share, generating proceeds of $739,502,654. The Form 4 is an "exit filing" stating the reporting persons no longer beneficially own any ADT securities after this transaction.

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-07 (filed timely).
• Price and proceeds: $7.25 per share; total ≈ $739,502,654.
• Shares disposed: 102,000,366; Shares owned after transaction: 0 (exit filing).
• Transaction code: J (other acquisition or disposition; here a disposition).
• Footnote: See Exhibit 99.1 for supporting detail.
• Reporting status: Apollo is a 10% institutional owner (not an individual officer/director).

Context

• This was a disposal by a large institutional holder, not an executive sale. Institutional exits can reflect portfolio rebalancing or other fund-level decisions; the filing is factual and does not state motive. For retail investors, purchases typically carry clearer bullish signal than sales; this filing documents a full exit by Apollo.