Apollo Principal Holdings B GP, LLC - 21 Nov 2025 Form 4 Insider Report for Apollo Origination II (Levered) Capital Trust

Role: 10%+ Owner
Signature: /s/ See signatures attached as Exhibit 99.1
Transactions as of: 21 Nov 2025
Transactions value $: $30,000,000
Form type: 4
Filing time: 25 Nov 2025, 16:14:40 UTC
Previous filing: 20 Nov 2025
SEC: View on sec.gov

Reporting Owners (5)

Name	Relationship	Address	Signature	Signature date	CIK
Apollo Principal Holdings B GP, LLC	10%+ Owner	9 WEST 57TH STREET, NEW YORK	/s/ See signatures attached as Exhibit 99.1	25 Nov 2025	0002011937
APH Holdings (DC), L.P.	10%+ Owner	C/O WALKERS CORPORATE LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS	/s/ See signatures attached as Exhibit 99.1	25 Nov 2025	0002021690
Apollo Origination Partnership II (Levered AIV), L.P.	10%+ Owner	9 WEST 57TH STREET, NEW YORK	/s/ See signatures attached as Exhibit 99.1	25 Nov 2025	0002064379
Apollo Origination Advisors II, L.P.	10%+ Owner	9 WEST 57TH STREET, NEW YORK	/s/ See signatures attached as Exhibit 99.1	25 Nov 2025	0002064631
Apollo Origination Advisors II GP, LLC	10%+ Owner	9 WEST 57TH STREET, NEW YORK	/s/ See signatures attached as Exhibit 99.1	25 Nov 2025	0002063728

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common shares of beneficial interest	Purchase	$30M	+1.1M	+4.69%	$27.23	24.6M	21 Nov 2025	See Footnotes	F1, F2

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

Explanation of Responses:

Id	Content
F1	These securities are held directly by Apollo Direct Lending Fund II (Levered AIV), L.P. (formerly known as Apollo Origination Partnership II (Levered AIV), L.P.). Apollo Direct Lending Advisors II, L.P. (formerly known as Apollo Origination Advisors II, L.P.) is the general partner of Apollo Direct Lending Fund II (Levered AIV), L.P. Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC is the general partner of , LLC Apollo Direct Lending Advisors II, L.P. The sole member of Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC is , LLC APH Holdings (DC), L.P. Apollo Principal Holdings B GP, LLC is the general partner of APH Holdings (DC), L.P. Apollo Principal Holdings B GP, LLC is managed by a board of managers consisting of Marc Rowan, Scott Kleinman and James Zelter.
F2	(continued from footnote 1) Each of Apollo Direct Lending Advisors II, L.P., Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC, , LLC APH Holdings (DC), L.P., Apollo Principal Holdings B GP, LLC and Messrs. Rowan, Kleinman and Zelter disclaims beneficial ownership of these securities, except to the extent of their pecuniary interest therein, if any, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Content

These securities are held directly by Apollo Direct Lending Fund II (Levered AIV), L.P. (formerly known as Apollo Origination Partnership II (Levered AIV), L.P.). Apollo Direct Lending Advisors II, L.P. (formerly known as Apollo Origination Advisors II, L.P.) is the general partner of Apollo Direct Lending Fund II (Levered AIV), L.P. Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC is the general partner of , LLC Apollo Direct Lending Advisors II, L.P. The sole member of Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC is , LLC APH Holdings (DC), L.P. Apollo Principal Holdings B GP, LLC is the general partner of APH Holdings (DC), L.P. Apollo Principal Holdings B GP, LLC is managed by a board of managers consisting of Marc Rowan, Scott Kleinman and James Zelter.

(continued from footnote 1) Each of Apollo Direct Lending Advisors II, L.P., Apollo Origination Apollo Origination Advisors II GP Advisors II GP, LLC, , LLC APH Holdings (DC), L.P., Apollo Principal Holdings B GP, LLC and Messrs. Rowan, Kleinman and Zelter disclaims beneficial ownership of these securities, except to the extent of their pecuniary interest therein, if any, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Exhibit List: Exhibit 99.1 Signatures