Leon D. Black - Aug 6, 2021 Form 4 Insider Report for Apollo Global Management, Inc. (APO)

Role: 10%+ Owner
Signature: /s/ Leon D. Black
Stock symbol: APO
Transactions as of: Aug 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/6/2021, 05:30 PM
Next filing: Dec 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APO	Class A Common Stock	Options Exercise		+4.7M			4.7M	Aug 6, 2021	See Footnote	F1, F2
holding	APO	Class A Common Stock						10.2M	Aug 6, 2021	Direct

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		-4.7M	-5.88%		75.3M	Aug 6, 2021	Class A Common Stock	4.7M		See Footnote	F1, F3, F4, 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, Marc Rowan 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 BFP Partners, L.P., an estate planning vehicle for which voting and investment control are exercised by the reporting person. This exchange transaction does not involve the sale of any shares of Class A Common Stock.
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. The reporting person is an indirect limited partner, through BFP Partners, L.P., an estate planning vehicle for which the reporting person exercises voting and investment control, in BRH Holdings, L.P. ("BRH"), 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 BFP Partners, L.P. are the number of AOG units that it has a right to receive as an indirect limited partner in BRH, subject to the restrictions and provisions set forth in the Agreement Among Principals and the Seventh A&R Exchange Agreement.