STUART ROTHSTEIN - 30 Dec 2025 Form 4 Insider Report for Apollo Commercial Real Estate Finance, Inc. (ARI)

Role: President & CEO, Director
Signature: /s/ Jessica L. Lomm, as attorney-in-fact
Issuer symbol: ARI
Transactions as of: 30 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 02 Jan 2026, 16:31:02 UTC
Previous filing: 16 Dec 2025
Next filing: 03 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ROTHSTEIN STUART	President & CEO, Director	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 42ND FLOOR, NEW YORK	/s/ Jessica L. Lomm, as attorney-in-fact	02 Jan 2026	0001128865

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARI	Common Stock	Award	$0	+109,452	+48%	$0.000000	339,161	30 Dec 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reported amount includes 319,574 restricted stock units ("RSUs") granted under the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 Equity Incentive Plan and the Apollo Commercial Real Estate Finance, Inc. 2024 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the Issuer, provided the reporting person remains in service through the applicable vesting dates.

Content

Reported amount includes 319,574 restricted stock units ("RSUs") granted under the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 Equity Incentive Plan and the Apollo Commercial Real Estate Finance, Inc. 2024 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the Issuer, provided the reporting person remains in service through the applicable vesting dates.