FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Becker Russell A.

(Last) (First) (Middle)
C/O API GROUP CORPORATION
1100 OLD HIGHWAY 8 NW

(Street)
NEW BRIGHTON MN 55112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
APi Group Corp [ APG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2026   M   48,677 A $ 0 2,474,376 D  
Common Stock 02/27/2026   F   23,950 (1) D $ 44.46 2,450,426 D  
Common Stock 03/01/2026   M   33,446 A $ 0 2,483,872 D  
Common Stock 03/01/2026   M   32,709 A $ 0 2,516,581 D  
Common Stock 03/01/2026   F   32,549 (1) D $ 44.46 2,484,032 D  
Common Stock               196,425 I By Spouse
Common Stock               797,520 I By Trust (2)
Common Stock               966,075 I By Trust (3)
Common Stock               859,489 I By Trust (4)
Common Stock               1,218 I By Son
Common Stock               1,050 I By Son
Common Stock               1,050 I By Son
Common Stock               17,501 I By 401(k) Plan (5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (6) 02/27/2026   M     48,677   (7)   (7) Common Stock 48,677 $ 0 0 D  
Restricted Stock Units (6) 03/01/2026   M     33,446   (8)   (8) Common Stock 33,446 $ 0 33,446 D  
Restricted Stock Units (6) 03/01/2026   M     32,709   (9)   (9) Common Stock 32,709 $ 0 65,417 D  
Performance Stock Units (10)               (10)   (10) Common Stock 150,504   150,504 D  
Performance Stock Units (11)               (11)   (11) Common Stock 147,189   147,189 D  
Performance Stock Units (12)               (12)   (12) Common Stock 110,025   110,025 D  
Restricted Stock Units (6)               (13)   (13) Common Stock 73,350   73,350 D  
Explanation of Responses:
1. Shares withheld for tax liability.
2. The securities are held by the Russell A. Becker GST Trust dated November 30, 2020 (the "GST Trust"). Mr. Becker's spouse is the trustee of the GST Trust and Mr. Becker may be considered to have beneficial ownership of the GST Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
3. The securities are held by the Patricia L. Becker Legacy Trust dated December 21, 2020 (the "Legacy Trust"). Mr. Becker is the trustee of the Legacy Trust and Mr. Becker may be considered to have beneficial ownership of the Legacy Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
4. The securities are held by the Russell A. Becker 2016 Family Trust (the "Family Trust"). Mr. Becker's spouse is the trustee of the Family Trust and Mr. Becker may be considered to have beneficial ownership of the Family Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
5. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
6. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
7. These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
8. These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
9. These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
10. Represents an award of performance stock units (the "2024 PSUs"). The 2024 PSUs will have a performance period beginning January 1, 2024 and ending December 31, 2026. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on results of the performance condition.
11. Represents an award of performance stock units (the "2025 PSUs"). The 2025 PSUs will have a performance period beginning January 1, 2025 and ending December 31, 2027. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on results of the performance condition. The Reporting Person is voluntarily reporting the 2025 PSUs, which are not a derivative security.
12. Represents an award of performance stock units (the "2026 PSUs"). The 2026 PSUs will have a performance period beginning January 1, 2026 and ending December 31, 2028. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on results of the performance condition. The Reporting Person is voluntarily reporting the 2026 PSUs, which are not a derivative security.
13. These restricted stock units vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
/s/ Louis B. Lambert, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
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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