# EDGAR Filing Document

**Accession Number:** 0001648671
**File Stem:** 0001104659-25-079956
**Filing Date:** 2025-8
**Character Count:** 24608
**Document Hash:** 87600cf0be93ecbca0f68f417c4bc64a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-079956.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001104659-25-079956

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250814

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Apollo Principal Holdings A GP, Ltd.
- **CENTRAL INDEX KEY:** 0001566491

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229502

**BUSINESS ADDRESS:**
- **STREET 1:** 190 ELGIN AVENUE
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-9008
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 190 ELGIN AVENUE
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-9008

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Apollo Principal Holdings A GP Ltd
- **DATE OF NAME CHANGE:** 20241113

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Apollo Principal Holdings III GP Ltd
- **DATE OF NAME CHANGE:** 20130108
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Apollo Advisors VIII, L.P.
- **CENTRAL INDEX KEY:** 0001600221

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229498

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Apollo Capital Management VIII, LLC
- **CENTRAL INDEX KEY:** 0001600223

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229495

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** APH Holdings, L.P.
- **CENTRAL INDEX KEY:** 0001648671

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229494

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 914-694-8000

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AP VIII Dakota Holdings Borrower, L.P.
- **CENTRAL INDEX KEY:** 0001878274

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229500

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 9178731231

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AP Dakota Co-Invest, L.P.
- **CENTRAL INDEX KEY:** 0001682821

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229501

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 914-694-8000

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD, SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AP Dakota Co-Invest GP, LLC
- **CENTRAL INDEX KEY:** 0001877428

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229499

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 9178731231

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AP VIII Dakota Holdings, L.P.
- **CENTRAL INDEX KEY:** 0001877482

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229496

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 9178731231

**MAIL ADDRESS:**
- **STREET 1:** ONE MANHATTANVILLE ROAD
- **STREET 2:** SUITE 201
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AP VIII DAKOTA HOLDINGS BORROWER GP, LLC
- **CENTRAL INDEX KEY:** 0002047274

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37794
- **FILM NUMBER:** 251229497

**BUSINESS ADDRESS:**
- **STREET 1:** 9 W 57TH STREET, 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 W 57TH STREET, 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilton Grand Vacations Inc.
- **CENTRAL INDEX KEY:** 0001674168
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 812545345
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 6355 METROWEST BOULEVARD, SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** 407-722-3100

**MAIL ADDRESS:**
- **STREET 1:** 6355 METROWEST BOULEVARD, SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835

## Exhibit 99.1

**Exhibit 99.1**

&nbsp;&nbsp;&nbsp;&nbsp;1. On August 14, 2025, AP Dakota Co-Invest, L.P. ("Dakota Co-Invest") and AP VIII Dakota Holdings Borrower, L.P. ("Dakota
Holdings Borrower" and together with Dakota Co-Invest, the "Apollo Stockholders") sold an aggregate of 7,000,000 shares
of common stock of Hilton Grand Vacations Inc. (the "Issuer"), par
value $0.01 per share (the "Common Stock") in connection with an underwritten public offering of the Common Stock of the Issuer
pursuant to the prospectus supplement dated August 12, 2025, and accompanying registration statement on Form S-3ASR (File No. 333-289538).
The shares were sold at a price of $42.85 per share. The total 7,000,000 shares consist of (i) 1,784,103 shares held by Dakota Co-Invest
and (ii) 5,215,897 shares held by Dakota Holdings Borrower. Also on August 14, 2025, the underwriters of the public offering exercised
their option to purchase an additional 1,050,000 shares of Common Stock of the Issuer at a price of $42.85 per share. The total 1,050,000
shares consist of (i) 267,615 shares held by Dakota Co-Invest and (ii) 782,385 shares held by Dakota Holdings Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;2. Dakota Co-Invest and Dakota Holdings Borrower each hold securities of the Issuer and are principally engaged in the business
of investment in securities. Apollo Advisors VIII, L.P. ("Advisors VIII") is the sole member of AP Dakota Co-Invest GP, LLC
("Dakota Co-Invest GP"), which serves as the general partner of Dakota Co-Invest. AP VIII Dakota Holdings Borrower GP, LLC
("Borrower GP LLC") serves as the general partner of Dakota Holdings Borrower and AP VIII Dakota Holdings, L.P. ("Dakota
Holdings LP") serves as the sole member of Borrower GP LLC. Advisors VIII serves as the general partner of Dakota Holdings LP. Apollo
Capital Management VIII, LLC ("Capital Management VIII") serves as the general partner of Advisors VIII. APH Holdings, L.P.
("APH Holdings") serves as the sole member of Capital Management VIII, and Apollo Principal Holdings A GP, Ltd. ("Principal
Holdings A GP") serves as the general partner of APH Holdings.

Dakota Co-Invest GP, Borrower GP LLC, Dakota Holdings LP, Advisors VIII, Capital Management VIII, APH Holdings, and Principal Holdings A GP, and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers and directors, of Principal Holdings A GP, each disclaims beneficial ownership of all Common Stock owned of record by Dakota Co-Invest and Dakota Holdings Borrower, except to the extent of any pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

The address of the principal office of Dakota Co-Invest, Dakota Co-Invest GP, Advisors VIII, Capital Management VIII, APH Holdings, is 100 West Putnam Avenue, Greenwich, Connecticut 06830. The address of the principal office of Dakota Holdings Borrower, Borrower GP LLC, and Dakota Holdings LP is c/o Apollo Management Holdings, L.P., 9 West 57th Street, 41<sup>st</sup> Floor, New York, NY 10019. The address of the principal business office of Principal Holdings A GP is c/o Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008.

## Exhibit 99.2

**Exhibit 99.2**

**This Statement on Form 4 is filed by**: : (i) AP Dakota Co-Invest, L.P.; (ii) AP VIII Dakota Holdings Borrower, L.P.; (iii) AP Dakota Co-Invest GP, LLC; (iv) AP VIII Dakota Holdings Borrower GP, LLC; (v) AP VIII Dakota Holdings, L.P.; (vi) Apollo Advisors VIII, L.P.; (vii) Apollo Capital Management VIII, LLC; (viii) APH Holdings, L.P.; and (ix) Apollo Principal Holdings A GP, Ltd.

**Name of Designated Filer**: Apollo Principal Holdings A GP, Ltd.

**Date of Event Requiring Statement**: August 14, 2025

**Issuer Name**: Hilton Grand Vacations Inc. [HGV]

---

| | |
|:---|:---|
| AP DAKOTA CO-INVEST, L.P. | AP DAKOTA CO-INVEST, L.P. |
| By: | AP Dakota Co-Invest GP, LLC, |
|  | its general partner |

---

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| AP VIII DAKOTA HOLDINGS BORROWER, L.P. | AP VIII DAKOTA HOLDINGS BORROWER, L.P. |
| By: | AP VIII Dakota Holdings Borrower GP, LLC, |
|  | its general partner |

---

By: AP VIII Dakota Holdings, L.P., <br> its sole member

By: Apollo Advisors VIII, L.P., <br> its general partner

By: Apollo Capital Management VIII, LLC, <br> its general partner

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| AP DAKOTA CO-INVEST GP, LLC | AP DAKOTA CO-INVEST GP, LLC |
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| APOLLO ADVISORS VIII, L.P. | APOLLO ADVISORS VIII, L.P. |
| By: | Apollo Capital Management VIII, LLC, |
|  | its general partner |

---

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

AP VIII DAKOTA HOLDINGS BORROWER GP, LLC <br>

By: AP VIII Dakota Holdings, L.P., <br> its sole member

By: Apollo Advisors VIII, L.P., <br> its general partner

By: Apollo Capital Management VIII, LLC, <br> its general partner

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| AP VIII DAKOTA HOLDINGS, L.P. | AP VIII DAKOTA HOLDINGS, L.P. |
| By: | Apollo Advisors VIII, L.P., |
|  | its general partner |

---

By: Apollo Capital Management VIII, LLC, <br> its general partner

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| APOLLO CAPITAL MANAGEMENT VIII, LLC | APOLLO CAPITAL MANAGEMENT VIII, LLC |
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| APH Holdings, L.P. | APH Holdings, L.P. |
| By: | Apollo Principal Holdings A GP, Ltd., |
|  | its general partner |

---

---

| | |
|:---|:---|
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

---

| | |
|:---|:---|
| Apollo Principal Holdings A GP, Ltd. | Apollo Principal Holdings A GP, Ltd. |
| By: | /s/ James Elworth |
|  | James Elworth |
|  | Vice President |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Apollo Principal Holdings A GP, Ltd.<br><sub>(Last) (First) (Middle)</sub><br>C/O WALKERS CORPORATE LIMITED<br>190 ELGIN AVENUE<br><sub>(Street)</sub><br>GEORGE TOWN, E9 KY1-9008<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AP Dakota Co-Invest, L.P.<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AP VIII Dakota Holdings Borrower, L.P.<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AP Dakota Co-Invest GP, LLC<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Apollo Advisors VIII, L.P.<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AP VIII DAKOTA HOLDINGS BORROWER GP, LLC<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AP VIII Dakota Holdings, L.P.<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Apollo Capital Management VIII, LLC<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>APH Holdings, L.P.<br><sub>(Last) (First) (Middle)</sub><br>ONE MANHATTANVILLE ROAD, SUITE 201<br><sub>(Street)</sub><br>PURCHASE, NY 10577<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hilton Grand Vacations Inc. [ HGV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-08-14 |  | J<sup>(1)</sup> |  | 8050000 | D | $42.85 | 18245825 | I | See Footnote<sup>(2)</sup> |

---

## Table II - Derivative Securities

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) See Exhibit 99.1.

(2) See Exhibit 99.1

**Signature:** see signatures attached as Exhibit 99.2  
**Date:** 2025-08-18

### Remarks:

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).

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