# EDGAR Filing Document

**Accession Number:** 0001093725
**File Stem:** 0001628280-25-040230
**Filing Date:** 2025-8
**Character Count:** 10349
**Document Hash:** 079617efd92811bffac83eb9d583ad41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-040230.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001628280-25-040230

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250811

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** ASHKEN IAN G H
- **CENTRAL INDEX KEY:** 0001093725

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39275
- **FILM NUMBER:** 251212966

**MAIL ADDRESS:**
- **STREET 1:** C/O MARIPOSA CAPITAL, LLC
- **STREET 2:** 5200 BLUE LAGOON DRIVE, SUITE 855
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33126
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APi Group Corp
- **CENTRAL INDEX KEY:** 0001796209
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-TO DWELLINGS & OTHER BUILDINGS [7340]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 981510303
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** C/O API GROUP, INC.
- **STREET 2:** 1100 OLD HIGHWAY 8 NW
- **CITY:** NEW BRIGHTON
- **STATE:** MN
- **ZIP:** 55112
- **BUSINESS PHONE:** 651-636-4320

**MAIL ADDRESS:**
- **STREET 1:** C/O API GROUP, INC.
- **STREET 2:** 1100 OLD HIGHWAY 8 NW
- **CITY:** NEW BRIGHTON
- **STATE:** MN
- **ZIP:** 55112

### 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).

[x] 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>ASHKEN IAN G H<br><sub>(Last) (First) (Middle)</sub><br>C/O API GROUP CORP<br>1100 OLD HIGHWAY 8 NW<br><sub>(Street)</sub><br>NEW BRIGHTON, MN 55112<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>APi Group Corp [ APG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] 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 | 2025-08-11 |  | S |  | 19450<sup>(1)</sup> | D | 35.01<sup>(2)</sup> | 8398703<sup>(3)</sup> | I | by Nancy and Ian Ashken Investment Trust LLLP<sup>(4)</sup> |
| Common Stock | 2025-08-11 |  | G |  | 224986 | D | $0 | 8173717 | I | by Nancy and Ian Ashken Investment Trust LLLP<sup>(4)</sup> |
| Common Stock | 2025-08-12 |  | S |  | 205550<sup>(1)</sup> | D | 35.24<sup>(5)</sup> | 7968167 | I | by Nancy and Ian Ashken Investment Trust LLLP<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 53730<sup>(3)(6)</sup> | I | By Ian G.H. Ashken Living Trust<sup>(7)</sup> |
| Common Stock |  |  |  |  |  |  |  | 300000<sup>(3)</sup> | I | See footnote<sup>(8)</sup> |
| Common Stock |  |  |  |  |  |  |  | 5083<sup>(3)</sup> | I | By Mariposa Acquisition IV, LLC<sup>(9)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 |
| Restricted Stock Units | <sup>(10)</sup> |  |  |  |  |  |  | <sup>(11)</sup> | <sup>(11)</sup> | Common Stock | 4740<sup>(3)</sup> |  | 4740 | D |  |
| Series A Preferred Stock | <sup>(12)</sup> |  |  |  |  |  |  | <sup>(12)</sup> | <sup>(12)</sup> | Common Stock | 1152000<sup>(3)</sup> |  | 1152000 | I | By Mariposa Acquisition IV, LLC<sup>(9)</sup> |

---

### Footnotes:

(1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Nancy and Ian Ashken Investment Trust LLLP (formerly IGHA Holdings, LLLP) on May 7, 2025.

(2) Represents the weighted average price of the shares sold on August 11, 2025. The prices of the shares sold pursuant to the transactions ranged from $35.00 to $35.04 per share. The Nancy and Ian Ashken Investment Trust LLLP, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

(3) Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025 (the "Stock Dividend").

(4) The shares of Common Stock reported herein are held directly by the Nancy and Ian Ashken Investment Trust LLLP (formerly IGHA Holdings, LLLP), over which, through the general partner, Mr. Ashken has voting and dispositive power. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.

(5) Represents the weighted average price of the shares sold on August 12, 2025. The prices of the shares sold pursuant to the transactions ranged from $34.99 to $35.47 per share. The Nancy and Ian Ashken Investment Trust LLLP, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

(6) Includes 3,810 shares (prior to giving effect to the Stock Dividend) of the Issuer's Common Stock transferred from the reporting person's directly held account on June 23, 2025.

(7) The shares of Common Stock reported herein are held directly 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.

(8) Held jointly in an account by the Ashken Trust and the Nancy K. Ashken Living Trust.

(9) The shares of Common Stock and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. The Nancy and Ian Ashken Investment Trust LLLP (formerly 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 5,083 shares of Common Stock and 1,152,000 shares (after giving effect to the Stock Dividend) 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.

(10) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

(11) These restricted stock units vest on May 16, 2026, 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.

(12) After giving effect to the Stock Dividend and the adjustments required upon conversion pursuant to the Issuer's certificate of incorporation, the Series A Preferred Stock is convertible at any time at the election of the holder, on a 1.5 to 1 basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock on December 31, 2026 (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).

**Signature:** /s/ Louis B. Lambert, Attorney-in-Fact  
**Date:** 2025-08-13

### 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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**