Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 311

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 311
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 the contractual principal or mandatory redemption amount of the participating security is reduced as a result of losses incurred by the issuing entity. The RSU participating securities do not have a mandatory redemption amount and the holders of the participating securities are not obligated to fund losses; therefore, neither the vested RSUs nor the unvested RSUs are subject to any contractual obligation to share in losses of the Company.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table summarizes the anti-dilutive securities:Three months ended June 30,Six months ended June 30,2025202420252024Weighted average unvested RSUs12,783,503 14,556,485 12,240,609 14,230,996 Weighted average unexercised warrants414,286 — 414,286 — Weighted average Mandatory Convertible Preferred Stock14,547,261 14,528,625 14,543,032 — Weighted average unvested restricted shares1,146,363 1,445,156 1,157,027 1,432,644 

15. Related PartiesAsset ManagementDue from/ to related partiesDue from/ to related parties includes:•unpaid management fees, transaction and advisory fees and reimbursable expenses from the funds Apollo manages and their portfolio companies;•reimbursable payments for certain operating costs incurred by these funds as well as their related parties; and •other related party amounts arising from transactions, including loans to employees and periodic sales of ownership interests in funds managed by Apollo. Due from related parties and Due to related parties consisted of the following as of June 30, 2025 and December 31, 2024:(In millions)June 30, 2025December 31, 2024Due from Related Parties:Due from funds1$584 $430 Due from portfolio companies66 48 Due from employees and former employees113 106 Total Due from Related Parties$763 $584 Due to Related Parties:Due to Former Managing Partners and Contributing Partners$401 $406 Due to funds227 229 Due to portfolio companies132 75 Total Due to Related Parties$760 $710 1 Includes $19 million and $27 million as of June 30, 2025 and December 31, 2024, respectively