Apollo Global Management, Inc. - Insider Transaction Report

LDB 2025 LLC, a reporting person associated with Apollo Global Management, Inc. (APO), has entered into a variable share forward transaction involving up to 2,000,000 shares of APO's common stock. This transaction, initiated on August 7, 2026, obligates LDB 2025 LLC to deliver shares or an equivalent cash amount to an unaffiliated financial institution by a future settlement date. The reporting person has pledged 2,000,000 shares as collateral, retaining voting and dividend rights subject to the transaction's terms. The number of shares to be delivered depends on the common stock's volume-weighted average price relative to predetermined floor and cap prices. LDB 2025 LLC also reported direct ownership of 3,000,000 shares of common stock.