Berg Andrew Ryan 4

What Happened Andrew Ryan Berg, Chief Operating Officer of Apollo Infrastructure Co LLC, reported a purchase (code P) of 8,809.145 shares on December 29, 2025 at $28.38 per share, for a total reported value of $250,000. The filing shows these shares were acquired through the issuer's distribution reinvestment mechanism (see footnotes).

Key Details

• Transaction date and price: 2025-12-29, 8,809.145 shares @ $28.38 each (total $250,000).
• Transaction type: Purchase (Form 4 code P) — described as open market or private purchase and includes shares from a distribution reinvestment plan (Footnote F2).
• Reporting notes: Issuer determined the number of reported shares issued effective Dec 1, 2025 based on NAV per share as of Nov 30, 2025 (Footnote F1).
• Filing timeliness: Form filed 2026-03-13, ~74 days after the transaction (filed late).
• Shares owned after the transaction: Not disclosed in the filing.

Context Insider purchases are often viewed by investors as a positive signal because insiders are buying company stock, but filings do not explain motivation. Here, the acquisition was at a single price and appears linked to the issuer’s distribution reinvestment process rather than an ad hoc open-market buy. The late filing is a compliance note investors may want to consider when evaluating the report.