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APi Group Corp·4

May 6, 6:46 PM ET

LILLIE JAMES E 4

Research Summary

AI-generated summary

Updated

APi Group (APG) Director James Lillie Sells 360,000 Shares

What Happened

  • James E. Lillie, a director of APi Group Corp (APG), sold a total of 360,000 shares of APG common stock in multiple open-market transactions on May 4–5, 2026. The sales generated approximately $16.2 million in proceeds. The trades were reported as sales (S) and were effected pursuant to a Rule 10b5‑1 trading plan.

Key Details

  • Individual transactions (date — shares — price — proceeds):
    • 2026-05-04 — 180,217 shares @ $44.69 = $8,053,898
    • 2026-05-04 — 45,322 shares @ $45.60 = $2,066,683
    • 2026-05-04 — 47,425 shares @ $44.69 = $2,119,423
    • 2026-05-04 — 11,927 shares @ $45.60 = $543,871
    • 2026-05-05 — 45,816 shares @ $45.39 = $2,079,588
    • 2026-05-05 — 13,645 shares @ $45.86 = $625,760
    • 2026-05-05 — 12,057 shares @ $45.39 = $547,267
    • 2026-05-05 — 3,591 shares @ $45.86 = $164,683
  • Price range across these trades: $44.19 to $45.99 per share (per footnotes); overall proceeds ≈ $16,201,173.
  • Sales were executed pursuant to a Rule 10b5‑1 plan adopted May 9, 2025 (footnote F1), indicating pre-arranged, systematic sales.
  • Reported holdings and ownership structure: some shares are held directly by JTOO LLC (of which Mr. Lillie is manager) and certain holdings are held by Mariposa Acquisition IV, LLC; Mr. Lillie may be deemed to have a pecuniary interest in 15,552 common shares and 1,152,000 Series A preferred shares (footnote F10). Mr. Lillie disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Filing timeliness: Report filed May 6, 2026 for transactions dated May 4–5, 2026 (appears timely under Form 4 rules).

Context

  • These were outright sales (S) under a pre-existing 10b5‑1 plan — common for insiders who set up scheduled trading to avoid claims of opportunistic timing. Sales do not necessarily indicate a change in view about the company; they can reflect diversification, liquidity needs, or pre-set plans.
  • Notes on other footnotes: Series A preferred is convertible 1-for-1 into common stock and will auto-convert per the terms described (footnote F9). For more granular per-price details on May 4–5 sales, the filer notes they will provide the breakdown to the SEC or issuer on request (footnotes F2–F6).