Marc Rowan - Aug 9, 2021 Form 4 Insider Report for Athene Holding Ltd (ATH)

Role
Director
Signature
/s/ Ira Rosenblatt, attorney-in-fact
Stock symbol
ATH
Transactions as of
Aug 9, 2021
Transactions value $
-$6,587,330
Form type
4
Date filed
8/11/2021, 09:56 PM
Previous filing
Aug 6, 2021
Next filing
Aug 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATH Class A Common Shares Sale -$38K -581 -14.49% $65.48 3.43K Aug 11, 2021 Direct F1
transaction ATH Class A Common Shares Sale -$3.04M -46.4K -14.48% $65.48 274K Aug 11, 2021 See Footnote F1, F2
transaction ATH Class A Common Shares Sale -$1.02M -15.6K -14.48% $65.48 92.3K Aug 11, 2021 See Footnote F1, F3
transaction ATH Class A Common Shares Sale -$2.2M -33.5K -14.48% $65.48 198K Aug 11, 2021 See Footnote F1, F4
transaction ATH Class A Common Shares Sale -$108K -1.64K -14.48% $65.48 9.71K Aug 11, 2021 See Footnote F1, F5
transaction ATH Class A Common Shares Sale -$1.12K -17 -0.5% $66.08 3.41K Aug 11, 2021 Direct F6
transaction ATH Class A Common Shares Sale -$87.9K -1.33K -0.49% $66.08 273K Aug 11, 2021 See Footnote F2, F6
transaction ATH Class A Common Shares Sale -$29.6K -448 -0.49% $66.08 91.8K Aug 11, 2021 See Footnote F3, F6
transaction ATH Class A Common Shares Sale -$63.6K -963 -0.49% $66.08 197K Aug 11, 2021 See Footnote F4, F6
transaction ATH Class A Common Shares Sale -$3.11K -47 -0.48% $66.08 9.66K Aug 11, 2021 See Footnote F5, F6
holding ATH Class A Common Shares 681K Aug 9, 2021 See Footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.03 to $66.02, inclusive. The Reporting Persons undertake to provide to Athene Holding Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and footnote (6).
F2 By MJR Foundation Holdings LLC, an entity directly and indirectly wholly owned by the reporting person.
F3 By a family trust, an estate planning vehicle for which all investment and management decisions are made by its Trustees, which include the spouse of the reporting person.
F4 By another family trust, an estate planning vehicle for which all investment decisions are made at the direction of the reporting person.
F5 By MJRF AC Corporation, an entity for which voting and investment control are exercised by the reporting person.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.04 to $66.18, inclusive.
F7 By MJR Foundation LLC, an estate planning vehicle for which voting and investment control are exercised by the reporting person.

Remarks:

Mr. Rowan intends to sell up to 1,000,000 Class A Shares of the Issuer in the aggregate inclusive of Class A Shares previously sold from and after August 6 (the "Aggregate Issuer Shares") prior to the closing of the merger of Apollo Global Management, Inc. ("Apollo") and the Issuer. Following such sales, Mr. Rowan will beneficially own approximately 681,075 Class A Shares of the Issuer. Mr. Rowan informed the Issuer that the sales of the Aggregate Issuer Shares are to generate liquidity to fund anticipated tax obligations arising from Apollo's previously announced conversion of its capital structure to a single class of voting common stock, and that he does not currently have any plan or intention to sell any additional Class A Shares of the Issuer (other than the Aggregate Issuer Shares). Mr. Rowan is the Chief Executive Officer and a co-founder of Apollo and currently serves on the board of directors of Apollo. Certain of Apollo's affiliates manage investment funds (the "Apollo Funds") that hold Class A Shares of the Issuer and may be deemed to beneficially own the Class A Shares of the Issuer held by the Apollo Funds. This report does not include any securities of the Issuer held by any of the Apollo Funds or that may be deemed to be beneficially owned by any Apollo investment managers or investment advisors affiliated with the Apollo Funds, and Mr. Rowan disclaims beneficial ownership of all such securities. This report shall not be deemed an admission that Mr. Rowan is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Exhibit 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24 to the Form 3 filed by the Reporting Person on December 9, 2016).