Stuart Rothstein - May 26, 2021 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
Stock symbol
ARI
Transactions as of
May 26, 2021
Transactions value $
-$827,747
Form type
4
Date filed
5/28/2021, 04:17 PM
Previous filing
May 25, 2021
Next filing
Jun 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARI Common Stock Sale -$632K -40.8K -8.79% $15.52 423K May 26, 2021 Direct F1, F2, F3
transaction ARI Common Stock Sale -$195K -12.5K -2.96% $15.62 410K May 27, 2021 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person in 2021.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.5000 to $15.5700, inclusive. The reporting person undertakes to provide to 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.
F3 Reported amount includes 332,658 restricted stock units ("RSUs") granted under the Apollo Commercial Real Estate Finance, Inc. 2009 Equity Incentive Plan and the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.5200 to $15.6900, inclusive. The reporting person undertakes to provide to 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.