FRANKLIN MARTIN E 4

What Happened
Martin E. Franklin, reported as a 10% owner of APi Group (APG), disposed of 3,000,000 shares of APG common stock in a block trade on March 19, 2026. The shares were sold at $40.88 per share for an aggregate proceeds of $122,640,000. The sale was executed by MEF Holdings, LLLP pursuant to Rule 144.

Key Details

• Transaction date and price: March 19, 2026 — 3,000,000 shares at $40.88/share (total $122,640,000). (Transaction code: S = Sale)
• Reported filer: Sale effected by MEF Holdings, LLLP (entity associated with Mr. Franklin). Footnote confirms block trade under Rule 144.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Beneficial ownership notes: Mr. Franklin is sole settlor/trustee of the Martin E. Franklin Revocable Trust and is manager/has interests in entities (MEF Holdings, Mariposa Acquisition IV, Brimstone Investments) referenced in footnotes; he disclaims beneficial ownership except for his pecuniary interest.
• Convertible preferred: Footnotes note Series A Preferred converts to common at 1.5:1 and will automatically convert on Dec 31, 2026.
• Filing timeliness: Form 4 filed on 2026-03-19 (same date as transaction) — appears timely.

Context
This was a sale by an affiliated 10% owner via an entity block trade (Rule 144). Sales by large shareholders or affiliated entities can be driven by tax, portfolio, or liquidity needs and are not, by themselves, a clear signal about company fundamentals. The filing disclaims broader beneficial ownership beyond pecuniary interest and notes other entity holdings and convertible preferred that may affect total economic exposure.