Marc Rowan - Aug 6, 2021 Form 4 Insider Report for Apollo Global Management, Inc. (APO)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Marc J. Rowan
Stock symbol: APO
Transactions as of: Aug 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/6/2021, 08:35 PM
Next filing: Aug 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APO	Class A Common Stock	Options Exercise		+1.5M			1.5M	Aug 6, 2021	See Footnote	F1, F2
transaction	APO	Class A Common Stock	Gift	$0	-1.5M	-45.2%	$0.00	1.82M	Aug 6, 2021	See Footnote	F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APO	Apollo Operating Group units	Options Exercise		-1.5M	-100%		0	Aug 6, 2021	Class A Common Stock	1.5M		See Footnote	F1, F2, F3, F4
holding	APO	Apollo Operating Group units						31M	Aug 6, 2021	Class A Common Stock			See Footnote	F1, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Apollo Operating Group ("AOG") unit represents a right to receive one share of Class A Common Stock of Apollo Global Management, Inc. (the "Issuer"), subject to the restrictions and provisions set forth in the Agreement Among Principals, dated July 13, 2007, by and among the reporting person, Leon Black and Joshua Harris, AP Professional Holdings, L.P., BRH Holdings L.P. and the other parties thereto (the "Agreement Among Principals"), and the Seventh Amended and Restated Exchange Agreement, dated as of July 29, 2020, by and among the Issuer and the other parties thereto (the "Seventh A&R Exchange Agreement").
F2	By MJR Foundation LLC, an estate planning vehicle for which voting and investment control are exercised by the reporting person. The reporting person does not currently have any plan or intention to sell any Class A common stock received in exchange for the AOG units.
F3	The AOG units were fully vested as of December 31, 2011 and do not expire.
F4	Pursuant to Instruction 4(c)(iii), this response has been left blank.
F5	By AP Professional Holdings, L.P., an entity for which BRH Holdings, L.P. is a limited partner. The reporting person is an indirect limited partner in BRH Holdings, L.P., which holds approximately 90% of the limited partnership interests in AP Professional Holdings, L.P., the direct holder of the AOG units. The AOG units indirectly held by the reporting person are the number of AOG units that he has a right to receive as an indirect limited partner in BRH Holdings, L.P., subject to the restrictions and provisions set forth in the Agreement Among Principals and the Seventh A&R Exchange Agreement.
F6	By MJR Foundation Holdings LLC, an entity directly and indirectly wholly owned by the reporting person, which holds the shares of Class A common stock of the Issuer for the benefit of the reporting person.