Robert A. Kasdin - May 8, 2023 Form 4 Insider Report for Apollo Commercial Real Estate Finance, Inc. (ARI)

Role: Director
Signature: /s/ Jessica L. Lomm, as Attorney-in-Fact
Stock symbol: ARI
Transactions as of: May 8, 2023
Transactions value $: $238,583
Form type: 4
Date filed: 5/10/2023, 04:25 PM
Previous filing: Apr 5, 2023
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARI	Common Stock	Purchase	$239K	+25K	+41.16%	$9.54	85.7K	May 8, 2023	Direct	F1

* 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 $9.515 to $9.56, inclusive. Mr. Kasdin 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 range set forth in this footnote.

Content

The price reported in Column 4 is a weighted average price. These purchases were made in multiple transactions at prices ranging from $9.515 to $9.56, inclusive. Mr. Kasdin 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 range set forth in this footnote.