ASHKEN IAN G H 4

What Happened Ian G.H. Ashken, a director of APi Group Corp (APG), disposed of a total of 1,084,000 shares across transactions on May 4–5, 2026, yielding roughly $48,536,904. Transaction breakdown reported in the Form 4:

• May 4, 2026 — 134,265 shares at $44.70 — $6,001,646
• May 4, 2026 — 34,201 shares at $45.34 — $1,550,673
• May 4, 2026 — 850,000 shares at $44.71 — $38,003,500 (contributed to an exchange fund per footnote)
• May 5, 2026 — 50,634 shares at $45.38 — $2,297,771
• May 5, 2026 — 14,900 shares at $45.86 — $683,314

These were sales (S). The largest tranche (850,000 shares) was contributed to an exchange fund (valued at $44.71/share for that purpose) rather than a traditional open‑market sale.

Key Details

• Transaction dates: May 4–5, 2026; Form 4 filed May 6, 2026 (timely filing).
• Total shares sold: 1,084,000; total proceeds: ~$48,536,904.
• Price ranges (per filing footnotes): sales on May 4 ranged roughly $44.19–$45.74 across tranches; May 5 sales ranged roughly $44.78–$46.00 (see footnotes F2–F7 for per-tranche ranges and weighted averages).
• Sales effected pursuant to a Rule 10b5-1 trading plan adopted May 7, 2025 (footnote F1).
• Holdings/beneficial ownership: shares are held through trusts and entities (Nancy and Ian Ashken Investment Trust LLLP, Mariposa Acquisition IV, LLC). Mr. Ashken disclaims beneficial ownership except to the extent of his pecuniary interest. The filing notes a pecuniary interest in 15,552 common shares and 1,152,000 Series A preferred shares held by Mariposa (footnote F11). The filing excerpt provided does not state the full number of shares owned after these transactions.
• Nature of disposition: included an exchange‑fund contribution (footnote F5) in addition to open‑market/private sales.

Context

• These sales were made under a pre‑arranged 10b5‑1 plan, which typically schedules trades in advance and can indicate routine disposition rather than opportunistic trades on nonpublic information. That reduces — but does not eliminate — the usual interpretive value of insider sales.
• Sales do not necessarily signal negative company prospects; purchases are generally more informative about insider confidence. The filing includes customary trust/beneficial ownership disclaimers, so reported holdings reflect pecuniary interests through related entities rather than direct personal ownership.