ADT Inc.

04/04/2025 | Press release | Distributed by Public on 04/04/2025 17:12

Amendment to Statement of Changes in Beneficial Ownership (Form 4/A)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Likosar Jeffrey
2. Issuer Name and Ticker or Trading Symbol
ADT Inc. [ADT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres Corp Dev & Trans. & CFO
(Last) (First) (Middle)
C/O ADT INC., 1501 YAMATO ROAD
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2025
(Street)
BOCA RATON, FL 33431
4. If Amendment, Date Original Filed (Month/Day/Year)
04/02/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
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 03/31/2025 A 573,387(1) A $ 0 1,263,781(2) D
Common Stock 1,899,274(2) I JSKC LLC(3)
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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (right to buy) $13.3 03/31/2025 A 397,410(1) 03/31/2025 01/18/2028 Common Stock 397,410 $ 0 1,720,945 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Likosar Jeffrey
C/O ADT INC.
1501 YAMATO ROAD
BOCA RATON, FL 33431
Pres Corp Dev & Trans. & CFO

Signatures

/s/MaryJon Donnelly, attorney-in-fact 04/04/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents shares of ADT Inc.'s common stock, par value $0.01 ("Common Stock") or stock options to purchase shares of Common Stock, as applicable, that were granted in 2018 subject to performance-based vesting requirements. After assessing a variety of factors, including alignment of holders' incentives with those of a majority of ADT Inc's stockholders, the compensation committee of the Board of Directors of ADT Inc. deemed the performance conditions satisfied with respect to these securities, effective March 31, 2025.
(2) Due to a scrivener's error, the original Form 4 filed on April 2, 2025 on behalf of the Reporting Person inadvertently overstated the shares of Common Stock directly held by the Reporting Person, and understated the shares of Common Stock indirectly held by the Reporting Person through JSKC LLC (an LLC of which the Reporting Person is a member and manager), by 434,437 shares. This amendment is being filed to correct the classification of such 434,437 shares from a "direct" holding to an "indirect" holding and to adjust the respective balances in Column 5 of Table I, accordingly. The aggregate number of shares of Common Stock beneficially owned directly and indirectly by the Reporting Person remains unchanged.
(3) An LLC of which the reporting person is member and manager.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.