Apollo entities sell 56M ADT shares in secondary offering; ADT repurchases 16M shares

ADT Inc.

Apollo Global Management affiliates sold 56M shares of ADT common stock, with underwriter option for up to 8.4M additional shares.
ADT concurrently repurchased 16M shares from underwriters as part of the offering, using existing $350M buyback plan.
Offering closed October 30, 2024; ADT received no proceeds from the sale by selling stockholders.
Underwriters are Barclays, Citigroup, and BTIG; no fees paid on shares repurchased by ADT.

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