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APi Group Corp·4

May 19, 7:24 PM ET

ASHKEN IAN G H 4

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APi Group (APG) Director Ian Ashken Exercises RSUs, Transfers 4,740 Shares

What Happened
Ian G.H. Ashken, a director of APi Group (APG), had restricted stock units (RSUs) vest and settle into 4,740 shares of APG common stock on May 16, 2026. Those settled shares were immediately transferred to The Ian G.H. Ashken Living Trust in an exempt transaction. Separately, the filing also reports a grant of 4,047 RSUs on May 15, 2026 (these RSUs are derivative awards, $0 exercise price).

Key Details

  • Transactions reported:
    • May 15, 2026 — Grant (award) of 4,047 RSUs (derivative award), $0.00 per share (acquired as RSUs).
    • May 16, 2026 — 4,740 RSUs vested/settled into 4,740 common shares (reported as exercise/conversion of a derivative at $0.00) and those 4,740 shares were transferred to The Ian G.H. Ashken Living Trust (disposition in the filing).
  • Price: $0.00 per share (RSU settlement / conversion — no cash paid by insider).
  • Shares owned after transaction: filing discloses holdings through related entities/trusts; the filer may be deemed to have a pecuniary interest in 15,552 common shares and 1,152,000 Series A preferred shares held by Mariposa Acquisition IV, LLC, plus other shares held directly by Ashken-related trusts (see footnotes).
  • Notable footnotes:
    • Each RSU equals one share (F7). The 4,740 RSUs vested on May 16, 2026 (F9) and were settled into shares (F1).
    • The 4,740 shares were transferred to the Ian G.H. Ashken Living Trust in an exempt Rule 16a-13 transaction (F2); Mr. Ashken disclaims beneficial ownership beyond his pecuniary interest (F3–F5).
  • Filing timeliness: Reported period of report is May 15, 2026; Form 4 was filed May 19, 2026 — appears to have been filed after the typical 2-business-day window (i.e., late).

Context

  • These transactions are award vesting and an internal transfer to a trust — not open-market buying or selling. Vesting/settlement of RSUs at $0 is standard (no cash outlay) and transferring to a trust is often for estate or planning purposes and does not necessarily signal a change in market sentiment.
  • For derivatives like RSUs: vesting means the contingent right converted into actual shares; here those shares were promptly moved into a trust rather than sold on the market.