G. Ashken Ian - Jun 1, 2023 Form 4 Insider Report for APi Group Corp (APG)

Role
Director
Signature
/s/ Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Jun 1, 2023
Transactions value $
-$3,848,128
Form type
4
Date filed
6/5/2023, 08:21 PM
Previous filing
Jun 17, 2022
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Sale -$1.29M -56.9K -1.11% $22.61 5.05M Jun 1, 2023 By IGHA Holdings, LLLP F1, F2, F3
transaction APG Common Stock Sale -$2.13M -91.2K -1.81% $23.32 4.96M Jun 2, 2023 By IGHA Holdings, LLLP F1, F3, F4
transaction APG Common Stock Sale -$434K -18.6K -0.37% $23.42 4.94M Jun 5, 2023 By IGHA Holdings, LLLP F1, F3, F5
holding APG Common Stock 4.88K Jun 1, 2023 Direct
holding APG Common Stock 217K Jun 1, 2023 By Ian G.H. Ashken Living Trust F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding APG Series A Preferred Stock 768K Jun 1, 2023 Common Stock 768K By Mariposa Acquisition IV, LLC F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2023.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $22.38 to $22.85 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F3 The shares of Common Stock reported herein are held directly by IGHA Holdings, LLLP, the general partner of which is wholly-owned by The Ian G.H. Ashken Living Trust (the "Ashken Trust"), of which Mr. Ashken is the trustee and beneficiary. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $22.71 to $23.60 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F5 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $23.26 to $23.535 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F6 The shares of Common Stock reported herein are held directly by the Ashken Trust, of which Mr. Ashken is the trustee and beneficiary. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
F7 The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock on the last day of the seventh full financial year of the Issuer following October 1, 2019 (or if such date is not a trading day, the first trading day immediately following such date).
F8 The shares of Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. IGHA Holdings, LLLP, the general partner of which is wholly-owned by the Ashken Trust, of which Mr. Ashken is the trustee and beneficiary, holds a limited liability company interest in Mariposa Acquisition IV, LLC and, as a result, may be deemed to have a pecuniary interest in 768,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.