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APGAPi Group Corp · Insider ownership research

APi Group Corp insiders sold $361M in the past 12 months. How much of their stake is that?

Insiders sold $361M in the past 12 months.42% was sold under disclosed trading plans, 58% with no plan disclosed. The largest seller, Martin Franklin (Director), sold $239M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
1
buyer among officers and directors (3 trades), past 12 months
42%
of sales were under disclosed trading plans, past 12 months
6 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 5x the 5-year average. 6 insiders sold; the average is 2 a year. Year by year
Latest filing: Filed Aug 5 for a sale on Aug 3. James Lillie sold 360K shares ($14.3M) under a disclosed plan. Filing
SEC ownership filings: 37 filed in the 12 months to Oct 13, 2026; 250 on record since Apr 28, 2020 · See the evidence

What stands out

Martin Franklin sold $207M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Mar 19, 2026
Anthony Malkin bought 7K shares for $276K, first on Nov 26, 2025. These are the first by current officers or directors since Sep 19, 2022.Purchase, Dec 10, 2025

A share of stake is shown for 0 of the 6 officers and directors who sold. 13 are left out

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Left out: Martin Franklin, James Lillie, Ian Ashken, Russell Becker, Anthony Malkin, Milroy Thomas, Kristina Morton, Carrie Wheeler, Cyrus Walker, Paula Loop, Glenn Jackola, James Arseniadis and Louis Lambert (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Martin Franklin
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$239M14% planned 86% no plan disclosed
Ian Ashken
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$73.6MDisclosed plan
James Lillie
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$46.2MDisclosed plan
Louis Lambert
SVP, Gen Counsel & Secretary
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$984KNo plan disclosed
Glenn Jackola
EVP & Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$796KNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $32.3M under a disclosed planNovDecJanFeb 2026: $1.8M no plan disclosedFebMar 2026: $28.7M under a disclosed planMar 2026: $123M no plan disclosed$151MMarAprMay 2026: $64.7M under a disclosed planMayJun 2026: $84.5M no plan disclosedJunJulAug 2026: $26.4M under a disclosed planAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 4, 2026Ian Ashken sold 85K shares ($3.4M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Ian Ashken
Director
85,072$40.36n/an/aAug 4, 2026Aug 5, 2026

Outside holders, reported separately

Martin Franklin and Ian Ashken reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the APi Group Corp CEO selling stock?

No. Russell Becker reported no open-market sales in the past 12 months.

Why are APi Group Corp insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 42% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 58% had no disclosed plan. A trading plan schedules sales in advance.

Are any APi Group Corp insiders buying?

Yes. 1 officer or director reported 3 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Martin Franklin
Director
$239M
5.90M shares
Not confirmed
share of stake is being verified. Why
14% under a disclosed plan 86% no plan disclosed
Ian Ashken
Director
$73.6M
1.68M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
James Lillie
Director
$46.2M
1.08M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Louis Lambert
SVP, Gen Counsel & Secretary
$984K
22K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Glenn Jackola
EVP & Chief Financial Officer
$796K
18K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Anthony Malkin
Director
$297K
7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Board members representing outside shareholders, reported separately: Martin Franklin, Ian Ashken. Details

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Martin Franklin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Martin Franklin are complete.
Director
n/a−5.90Mn/an/a
Vesting, gifts, unvested awards and holding lines for Martin Franklin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Martin Franklin are complete; balances and unit counts will be added when the check is finished.

−500Kgifted (net of own trusts)
James Lillie
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for James Lillie are complete.
Director
n/a−1.08Mn/an/a
Vesting, gifts, unvested awards and holding lines for James Lillie

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Lillie are complete; balances and unit counts will be added when the check is finished.

−206Kgifted (net of own trusts)
Ian Ashken
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ian Ashken are complete.
Director
n/a−1.68Mn/an/a
Vesting, gifts, unvested awards and holding lines for Ian Ashken

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ian Ashken are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Russell Becker
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Russell Becker are complete.
President and CEO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Russell Becker

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Russell Becker are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−257Kwithheld by the company for taxes
Anthony Malkin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Anthony Malkin are complete.
Director
n/a−7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Anthony Malkin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anthony Malkin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Milroy Thomas
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Milroy Thomas are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Milroy Thomas

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Milroy Thomas are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.5Kwithheld by the company for taxes
Kristina Morton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kristina Morton are complete.
SVP and Chief People Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kristina Morton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kristina Morton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−31Kwithheld by the company for taxes
Carrie Wheeler
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Carrie Wheeler are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Carrie Wheeler

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carrie Wheeler are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Cyrus Walker
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Cyrus Walker are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Cyrus Walker

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Cyrus Walker are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Paula Loop
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paula Loop are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Paula Loop

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paula Loop are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Glenn Jackola
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Glenn Jackola are complete.
EVP & Chief Financial Officer
n/a−18Kn/an/a
Vesting, gifts, unvested awards and holding lines for Glenn Jackola

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Glenn Jackola are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−17Kwithheld by the company for taxes
James Arseniadis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Arseniadis are complete.
VP & Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for James Arseniadis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Arseniadis are complete; balances and unit counts will be added when the check is finished.

−946gifted (net of own trusts)
−7.1Kwithheld by the company for taxes
Louis Lambert
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Louis Lambert are complete.
SVP, Gen Counsel & Secretary
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for Louis Lambert

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Louis Lambert are complete; balances and unit counts will be added when the check is finished.

−3Kgifted (net of own trusts)
−40Kwithheld by the company for taxes

Holdings and share of stake for APi Group Corp are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$361M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $361M across 8,711,000 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($209M), including tax-related sales outside a plan.

No plan disclosed · $209M

Sales with no 10b5-1 plan and no tax reference in the filing. $207M of it is Martin Franklin. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Martin Franklin, Mar 19, 2026

Taxes

354,382 shares ($15.9M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (3 trades)

1 officer or director bought shares in this period, in 3 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 29 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Martin Franklin
Director
5.90M$239M14%66%Nov 3, 2025 to Jun 11, 2026
Ian Ashken
Director
1.68M$73.6M100%20%Mar 2, 2026 to Aug 4, 2026
James Lillie
Director
1.08M$46.2M100%13%Mar 2, 2026 to Aug 3, 2026
Louis Lambert
SVP, Gen Counsel & Secretary
22K$984K0%0.3%Feb 26, 2026 to Feb 26, 2026
Glenn Jackola
EVP & Chief Financial Officer
18K$796K0%0.2%Feb 27, 2026 to Feb 27, 2026
Anthony Malkin
Director
7K$297K0%0.1%Jun 17, 2026 to Jun 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$32.3M$32.3M$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$1.8M$0$0$1.8M
Mar 2026$151M$28.7M$0$123M
Apr 2026$0$0$0$0
May 2026$64.7M$64.7M$0$0
Jun 2026$84.5M$0$0$84.5M
Jul 2026$0$0$0$0
Aug 2026$26.4M$26.4M$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (2)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Martin Franklin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Martin Franklin are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Martin Franklin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Martin Franklin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ian Ashken
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ian Ashken are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ian Ashken

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ian Ashken are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Martin Franklin: 7.94M shares were distributed in kind to the fund's own investors. These are distributions, not sales.

Ian Ashken: 2.89M shares were distributed in kind to the fund's own investors. These are distributions, not sales.

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 5x the 5-year average. 6 insiders sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
8.71M6$361M
Oct 13, 2025
1 year earlier
4.74M5$137M
Oct 13, 2024
2 years earlier
3.74M5$87.7M
Oct 14, 2023
3 years earlier
1.00M2$17.1M
Oct 14, 2022
4 years earlier
00$0
Oct 14, 2021
5 years earlier
00$0

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for APi Group Corp are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology250 filings on record, 37 filed in the 12-month period, and how we read them

All 250 Forms 3, 4 and 5 on record for APi Group Corp (SEC CIK 1796209), filed from Apr 28, 2020 to Aug 5, 2026; 37 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Probable 3-for-2 stock split on or before Jun 30, 2025 (split date stated in a footnote). Splits aren't reported as transactions; 22 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (13)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.