Stuart Rothstein - Nov 7, 2022 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: Nov 7, 2022
Transactions value $: $167,672
Form type: 4
Date filed: 11/9/2022, 03:34 PM
Previous filing: Jan 31, 2022
Next filing: Dec 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARI	Common Stock	Purchase	$168K	+15K	+3.43%	$11.18	453K	Nov 7, 2022	Direct	F1, F2

* 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 purchases were made in multiple transactions at prices ranging from $11.16 to $11.185, inclusive. Mr. Rothstein 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 purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	As of the transaction date, reported amount includes 350,070 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.

Content

The price reported in Column 4 is a weighted average price. These purchases were made in multiple transactions at prices ranging from $11.16 to $11.185, inclusive. Mr. Rothstein 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 purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

As of the transaction date, reported amount includes 350,070 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.