Apollo (APO) Director James R. Belardi Gifts 38,605 Shares

What Happened

• James Richard Belardi (reported as a Director; noted as Executive Chairman of Athene Holding Ltd. in remarks) reported a gift of 38,605 shares of Apollo Global Management, Inc. on 2026-09-10. The transaction is reported as a gift (Code G) at $0.00 per share (total reported value $0).

Key Details

• Transaction date: 2026-09-10; Filing date (Form 4): 2026-09-14 (filed 4 days after the transaction; insiders typically must file within 2 business days, so this appears delayed).
• Transaction type/code: Gift (G); Shares transferred/disposed: 38,605; reported price: $0.00; reported value: $0.
• Post-transaction holdings: Not explicitly stated in the summary provided. Reported amounts include 71,157 restricted stock units (RSUs) — contingent rights to receive shares (Footnote F2).
• Notable footnote: Footnote F1 notes an earlier transfer (Feb 26, 2026) of 147,813 shares from the reporting person to the “Belardi 2026 GRAT,” which was exempt from Section 16 reporting under Rule 16a-13.
• Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership of securities held indirectly except to the extent of his pecuniary interest (per remarks).

Context

• Gifts (Code G) are transfers and do not necessarily indicate a view on the company’s stock price; they are commonly used for personal, estate-planning, or charitable purposes. The filing’s footnote about a GRAT suggests estate-planning-related transfers, though motivations are not stated.
• RSUs reported are contingent rights to receive shares under Apollo’s equity plan and are not immediate open-market purchases or sales.