Louis Lambert - Aug 2, 2024 Form 4 Insider Report for APi Group Corp (APG)

Signature
/s/ Louis Lambert
Stock symbol
APG
Transactions as of
Aug 2, 2024
Transactions value $
-$394,387
Form type
4
Date filed
8/6/2024, 04:59 PM
Previous filing
Feb 28, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Options Exercise $0 +11.2K +127.71% $0.00 19.9K Aug 2, 2024 Direct F1
transaction APG Common Stock Tax liability -$189K -5.5K -27.6% $34.33 14.4K Aug 2, 2024 Direct F2
transaction APG Common Stock Sale -$206K -6.33K -43.88% $32.46 8.1K Aug 5, 2024 Direct F3

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
transaction APG Restricted Stock Units Options Exercise $0 -11.2K -50% $0.00 11.2K Aug 2, 2024 Common Stock 11.2K Direct F4, F5
holding APG Restricted Stock Units 10.8K Aug 2, 2024 Common Stock 10.8K Direct F4, F6
holding APG Restricted Stock Units 9.96K Aug 2, 2024 Common Stock 9.96K Direct F4, F7
* 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 On August 2, 2024, 11,180 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2 Shares withheld for tax liability.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 6, 2024.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F5 These restricted stock units vest in three equal installments on August 2, 2023, August 2, 2024 and August 2, 2025.
F6 These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
F7 These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.