JAMES E. LILLIE - 31 Dec 2025 Form 4 Insider Report for APi Group Corp (APG)

Role: Director
Signature: /s/ Louis B. Lambert, Attorney-in-Fact
Issuer symbol: APG
Transactions as of: 31 Dec 2025
Net transactions value: -$388,882
Form type: 4
Filing time: 02 Jan 2026, 16:56:39 UTC
Previous filing: 13 Aug 2025
Next filing: 04 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
LILLIE JAMES E	Director	C/O API GROUP CORP, 1100 OLD HIGHWAY 8 NW, NEW BRIGHTON	/s/ Louis B. Lambert, Attorney-in-Fact	02 Jan 2026	0001164470

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APG	Common Stock	Award	$0	+2,913,565	+57320%	$0.000000	2,918,648	31 Dec 2025	By Mariposa Acquisition IV, LLC	F1, F2
transaction	APG	Common Stock	Other	$388,882	-9,979	-0.34%	$38.97	2,908,669	02 Jan 2026	By Mariposa Acquisition IV, LLC	F2, F3
transaction	APG	Common Stock	Other	$0	-2,893,117	-99%	$0.000000	15,552	02 Jan 2026	By Mariposa Acquisition IV, LLC	F2, F4
transaction	APG	Common Stock	Other	$0	+2,893,117	+39%	$0.000000	10,241,218	02 Jan 2026	By JTOO LLC	F4, F5
holding	APG	Common Stock						1,425,019	31 Dec 2025	Direct

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	Restricted Stock Units						4,740	31 Dec 2025	Common Stock	4,740		Direct	F6, F7
holding	APG	Series A Preferred Stock						1,152,000	31 Dec 2025	Common Stock	1,152,000		By Mariposa Acquisition IV, LLC	F2, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a stock dividend on shares of Series A Preferred Stock of the Issuer. The holder of Series A Preferred Stock of the Issuer is entitled to receive an annual stock dividend based on the market price of the Issuer's Common Stock for the last ten days of the calendar year.
F2	The shares of Common Stock (prior to the distributions described in footnotes 3 and 4) and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. JTOO LLC, which is owned by the Lillie 2015 Dynasty Trust, of which Mr. Lillie is the grantor, holds a limited liability company interest in Mariposa Acquisition IV, LLC and, as a result, may be deemed to have a pecuniary interest in 2,918,648 shares of Common Stock (prior to the distributions described in footnotes 3 and 4) and 1,152,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC. Mr. Lillie disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
F3	Represents a transfer to employees of an affiliate of Mariposa Acquisition IV, LLC for services provided.
F4	Represents a pro rata distribution from Mariposa Acquisition IV, LLC to JTOO LLC.
F5	The shares of Common Stock reported herein are held directly by JTOO LLC, of which Mr. Lillie is the manager.
F6	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F7	These restricted stock units vest on May 16, 2026, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.
F8	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).