SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person* Zelter James C (Last) (First) (Middle) C/O APOLLO GLOBAL MANAGEMENT, INC. 9 WEST 57TH STREET, 42ND FLOOR (Street) NEW YORK NY 10019 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Apollo Global Management, Inc. [ APO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Co-President (See Remarks)
	3. Date of Earliest Transaction (Month/Day/Year) 12/09/2024
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/09/2024		J(1)		134,500	D	(1)	647,222	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		160,843	D	$172.2867(3)	486,379	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		98,116	D	$172.9884(4)	388,263	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		124,561	D	$174.2412(5)	263,702	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		8,618	D	$175.24(6)	255,084	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		33,308	D	$176.1493(7)	221,776	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		39,990	D	$177.2261(8)	181,786	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		16,654	D	$177.9833(9)	165,132	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		3,900	D	$178.8672(10)	161,232	I	The James C. Zelter 2023 GRAT No. 1(2)
Common Stock	12/09/2024		S		5,147	D	$172.3529(11)	630,028	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		2,363	D	$173.0956(13)	627,665	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		3,600	D	$174.2783(14)	624,065	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		700	D	$175.7457(15)	623,365	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		1,100	D	$176.8809(16)	622,265	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		800	D	$177.66(17)	621,465	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock	12/09/2024		S		300	D	$178.48(18)	621,165	I	The James C. Zelter 2024 GRAT No. 1(12)
Common Stock								5,032,448(19)	D
Common Stock								1,112,500	I	Zelter APO Series LLC(20)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On December 9, 2024, as sole trustee of The James C. Zelter 2023 GRAT No. 1 (the "2023 GRAT"), the reporting person transferred 134,500 shares of the Issuer's common stock, valued at $24,578,79.50, from the 2023 GRAT to a separate trust for which there is an independent trustee, in exchange for municipal bonds with the same market value. The reporting person has no direct or indirect voting or investment control over, and no beneficial ownership in, the assets held by the separate trust.

2. By the 2023 GRAT, a vehicle over which the reporting person exercises voting and investment control.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.66 to $172.65, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.66 to $173.65, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.66 to $174.64, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.66 to $175.63, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.67 to $176.64, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.67 to $177.66, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

9. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.67 to $178.61, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

10. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.68 to $179.18, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

11. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.73 to $172.71, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

12. By The James C. Zelter 2024 GRAT No. 1, a vehicle over which the reporting person exercises voting and investment control.

13. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.77 to $173.68, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

14. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.91 to $174.77, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

15. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.21 to $176.16, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

16. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.27 to $177.26, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

17. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.27 to $177.94, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

18. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.29 to $178.74, inclusive. The reporting person 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 sold at each separate price within the range set forth in this footnote.

19. Reported amount includes 4,886,997 vested and unvested restricted stock units ("RSUs") granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan. Each RSU represents the contingent right to receive, in accordance with the issuance schedule set forth in the applicable RSU award agreement, one share of common stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, provided the reporting person remains in service through the applicable vesting date.

20. By Zelter APO Series LLC, a vehicle over which the reporting person exercises voting and investment control.

Remarks:

Co-President of Apollo Asset Management, Inc.

	/s/ Jessica L. Lomm, as Attorney-in-Fact	12/11/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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