Apollo CEO Marc Rowan to enter PVFCs on 2.5M shares; policy amended

Apollo Global Management, Inc.

Policy amended to permit limited group (senior leaders) to enter PVFCs and pledge shares subject to conditions.
Maro Rowan's affiliates intend PVFCs on 2,500,000 shares (~7% of his beneficial ownership, <0.5% total outstanding).
Rowan entered a one-year lockup agreement covering all remaining shares he beneficially owns.
Each PVFC must cover at least 50,000 shares and represent no more than 10% of the participant's beneficial holdings.
Rowan cited expected increase in trading volume from S&P 500 Index inclusion as timing for the contracts.

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