G. Ashken Ian - Dec 31, 2024 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: Dec 31, 2024
Transactions value $: -$77,332
Form type: 4
Date filed: 1/3/2025, 08:35 PM
Previous filing: Nov 14, 2024
Next filing: Mar 5, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APG	Common Stock	Award	$0	+487K	+29364.86%	$0.00	489K	Dec 31, 2024	By Mariposa Acquisition IV, LLC	F1, F2
transaction	APG	Common Stock	Other	-$77.3K	-2.11K	-0.43%	$36.65	487K	Jan 3, 2025	By Mariposa Acquisition IV, LLC	F2, F3
transaction	APG	Common Stock	Other	$0	-483K	-99.3%	$0.00	3.39K	Jan 3, 2025	By Mariposa Acquisition IV, LLC	F2, F4
transaction	APG	Common Stock	Other	$0	+483K	+8.82%	$0.00	5.96M	Jan 3, 2025	by IGHA Holdings, LLLP	F4, F5
holding	APG	Common Stock						32K	Dec 31, 2024	By Ian G.H. Ashken Living Trust	F6
holding	APG	Common Stock						200K	Dec 31, 2024	See footnote	F7

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	Dec 31, 2024	Common Stock	768K		By Mariposa Acquisition IV, LLC	F2, F8
holding	APG	Restricted Stock Units						3.81K	Dec 31, 2024	Common Stock	3.81K		Direct	F9, F10

* 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 transactions described in footnotes 3 and 4) and 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 Ian G.H. Ashken Living Trust (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 488,822 shares of Common Stock (prior to the transactions described in footnotes 3 and 4) and 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.
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 IGHA Holdings, LLLP.
F5	The shares of Common Stock reported herein are held directly by IGHA Holdings, LLLP, the general partner of which is wholly-owned 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.
F6	The shares of Common Stock reported herein are held directly by the Ashken Trust, of which Mr. Ashken is the trustee and beneficiary (and includes 3,948 shares of Common Stock previously reported as directly held by Mr. Ashken that are now held by the Ashken Trust). Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
F7	Held jointly in an account by the Ashken Trust and the Nancy K. Ashken Living Trust.
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).
F9	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F10	These restricted stock units vest on June 14, 2025, 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.