ADT prices secondary stock offering and plans $1.5B share repurchase

ADT Inc. priced a secondary public offering of 102 million shares owned by Apollo-managed entities, with the sale expected to close on May 5, 2026. ADT itself is not selling shares but will repurchase about 29 million shares from underwriters as part of its $1.5 billion share buyback plan. The offering proceeds go to the selling stockholders, not ADT. This move allows ADT to reduce outstanding shares while Apollo exits its position, potentially impacting stock liquidity and ownership structure.