<SEC-DOCUMENT>0000905148-24-000919.txt : 20240307
<SEC-HEADER>0000905148-24-000919.hdr.sgml : 20240307
<ACCEPTANCE-DATETIME>20240307164355
ACCESSION NUMBER:		0000905148-24-000919
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240305
FILED AS OF DATE:		20240307
DATE AS OF CHANGE:		20240307

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VIKING GLOBAL INVESTORS LP
		CENTRAL INDEX KEY:			0001103804
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730842

	BUSINESS ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		STREET 2:		FLOOR 11
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		212-672-7050

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		STREET 2:		FLOOR 11
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VIKING GLOBAL PERFORMANCE LLC
		CENTRAL INDEX KEY:			0001132625
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730841

	BUSINESS ADDRESS:	
		STREET 1:		55 RAILROAD AVENUE
		STREET 2:		3RD FLOOR
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		203-863-5000

	MAIL ADDRESS:	
		STREET 1:		55 RAILROAD AVENUE
		STREET 2:		3RD FLOOR
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

	FORMER NAME:	
		FORMER CONFORMED NAME:	VIKING GLOBAL PERFORMANC LLC
		DATE OF NAME CHANGE:	20010117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HALVORSEN OLE ANDREAS
		CENTRAL INDEX KEY:			0001133006
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730838

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		STREET 2:		FLOOR 11
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Viking Global Equities II LP
		CENTRAL INDEX KEY:			0001413378
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730840

	BUSINESS ADDRESS:	
		STREET 1:		600 WASHINGTON BOULEVARD
		STREET 2:		11TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		203-863-5000

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BOULEVARD
		STREET 2:		11TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901

	FORMER NAME:	
		FORMER CONFORMED NAME:	VIKING GLOBAL EQUITIES II LP
		DATE OF NAME CHANGE:	20070924

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ott David C.
		CENTRAL INDEX KEY:			0001621842
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730837

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		STREET 2:		FLOOR 11
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shabet Rose Sharon
		CENTRAL INDEX KEY:			0001711393
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730836

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		STREET 2:		FLOOR 11
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Viking Global Equities Master Ltd.
		CENTRAL INDEX KEY:			0001759530
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39275
		FILM NUMBER:		24730839

	BUSINESS ADDRESS:	
		STREET 1:		55 RAILROAD AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		203-863-5000

	MAIL ADDRESS:	
		STREET 1:		55 RAILROAD AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APi Group Corp
		CENTRAL INDEX KEY:			0001796209
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				981510303
		STATE OF INCORPORATION:			D8
		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
</SEC-HEADER>
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    <periodOfReport>2024-03-05</periodOfReport>

    <issuer>
        <issuerCik>0001796209</issuerCik>
        <issuerName>APi Group Corp</issuerName>
        <issuerTradingSymbol>APG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001103804</rptOwnerCik>
            <rptOwnerName>VIKING GLOBAL INVESTORS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001132625</rptOwnerCik>
            <rptOwnerName>VIKING GLOBAL PERFORMANCE LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001413378</rptOwnerCik>
            <rptOwnerName>Viking Global Equities II LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001759530</rptOwnerCik>
            <rptOwnerName>Viking Global Equities Master Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001133006</rptOwnerCik>
            <rptOwnerName>HALVORSEN OLE ANDREAS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001621842</rptOwnerCik>
            <rptOwnerName>Ott David C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001711393</rptOwnerCik>
            <rptOwnerName>Shabet Rose Sharon</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 WASHINGTON BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>FLOOR 11</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-03-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2977845</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>34.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1912750</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Explanation of Responses</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-03-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>60772</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>34.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>39032</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Explanation of Responses</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>27032516</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Explanation of Responses</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">O. Andreas Halvorsen, David C. Ott and Rose S. Shabet are Executive Committee members of Viking Global Partners LLC (&quot;Global Partners&quot;), Viking Global Performance LLC (&quot;VGP&quot;) and Viking Global Opportunities Parent GP LLC (&quot;Parent&quot;). Global Partners is the general partner of Viking Global Investors LP (&quot;VGI&quot;). Parent is the sole member of Viking Global Opportunities GP LLC (&quot;Opportunities GP&quot;), which is the sole member of Viking Global Opportunities Portfolio GP LLC (&quot;Opportunities Portfolio GP&quot;). VGI provides managerial services to various investment funds, including Viking Global Opportunities Illiquid Investments Sub-Master LP (&quot;Opportunities Fund&quot;), Viking Global Equities Master Ltd. (&quot;VGEM&quot;) and Viking Global Equities II LP (&quot;VGEII&quot;).</footnote>
        <footnote id="F2">VGP, VGI, Parent, Opportunities GP, Opportunities Portfolio GP, Opportunities Fund, VGEM, VGEII, Mr. Halvorsen, Mr. Ott and Ms. Shabet are, collectively, the &quot;Reporting Persons&quot;. Because of the relationship between VGI and each of VGEM, VGEII and Opportunities Fund, VGI may be deemed to beneficially own the securities held directly by VGEM, VGEII and Opportunities Fund. Each of VGI, Mr. Halvorsen, Mr. Ott and Ms. Shabet may be deemed to beneficially own all of the securities reported on this form.</footnote>
        <footnote id="F3">These securities are held directly by VGEM. VGP provides managerial services to VGEM. Because of the relationship between VGP and VGEM, VGP may be deemed to beneficially own the securities held directly by VGEM.</footnote>
        <footnote id="F4">These securities are held directly by VGEII. VGP is the general partner of VGEII. Because of the relationship between VGP and VGEII, VGP may be deemed to beneficially own the securities held directly by VGEII.</footnote>
        <footnote id="F5">These securities are held directly by Opportunities Fund. Opportunities Portfolio GP is the general partner of Opportunities Fund. Opportunities GP is the sole member of Opportunities Portfolio GP. Parent is the sole member of Opportunities GP. Because of the relationship between each of Opportunities Portfolio GP, Opportunities GP, Parent and Opportunities Fund, each of Opportunities Portfolio GP, Opportunities GP and Parent may be deemed to beneficially own the securities held directly by Opportunities Fund.</footnote>
        <footnote id="F6">The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or for any other purpose.</footnote>
    </footnotes>

    <remarks>(7) The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. Because no more than 10 reporting persons can file any one Form 4 through the SEC's EDGAR system, Parent, Opportunities GP, Opportunities Portfolio GP and Opportunities Fund have jointly filed with the other Reporting Persons on a separate Form 4 filing submitted on the same day hereof. (8) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, David C. Ott and Rose S. Shabet, each individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL PERFORMANCE LLC, on behalf of itself and VIKING GLOBAL EQUITIES II LP and VIKING GLOBAL EQUITIES MASTER LTD., pursuant to authorization and designation letters dated February 9, 2021, which were filed with the Securities and Exchange Commission on June 7, 2021.</remarks>

    <ownerSignature>
        <signatureName>/s/ Scott M. Hendler signing on behalf of O. Andreas Halvorsen (7) (8)</signatureName>
        <signatureDate>2024-03-07</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Scott M. Hendler signing on behalf of David C. Ott (7) (8)</signatureName>
        <signatureDate>2024-03-07</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Scott M. Hendler signing on behalf of Rose S. Shabet (7) (8)</signatureName>
        <signatureDate>2024-03-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
