Apollo Principal Holdings B, L.P. 4

What Happened
Apollo Principal Holdings B, L.P. (identified as a 10% owner/affiliate of the fund adviser) reported a non‑market transfer on 2026-04-29: a disposition of 23,622.078 shares and an acquisition of 5,082.814 shares of Apollo S3 Private Markets Fund, each at $0.00 (total value $0). The filing indicates these were transfers for no consideration rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-04-29; filing date: 2026-05-01 (timely Form 4).
• Reported as "Other acquisition or disposition (J)" — both a disposal (23,622.078 shares) and an acquisition (5,082.814 shares) at $0.00 per share.
• Shares owned after the transaction: not specified in the filing.
• Important footnotes:
  • F1: Adviser/affiliates may transfer up to 3% of eligible investors' shares; this reflects a transfer by Apollo Principal Holdings B, L.P. to eligible investors for no consideration.
  • F2–F5: Securities are held directly by related entities; various affiliated entities disclaim beneficial ownership except for any pecuniary interest.
• No sign of option exercise, withholding, or a 10b5-1 sale plan; this was an internal transfer, not a market sale.

Context

• These transfers appear to be an internal distribution/allocation to eligible investors (per footnote), not a cash sale on the open market. Such no‑consideration transfers often reflect administrative or investor‑allocation actions and do not necessarily indicate the affiliate’s view of the fund’s prospects.
• As a 10% owner and affiliate of the fund adviser, Apollo Principal Holdings B, L.P. is an institutional entity; this filing documents affiliate transfers rather than individual insider trading.