SCHEDULE 13G

Apollo Commercial Real Estate Finance Inc

Common Stock, $0.01 par value · CUSIP: 03762U105

Event date: 2026-10-30

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Irenic Capital Management LP

  Shares: 8,410,009 · Class: 6.5%

• Irenic Capital Evergreen Master Fund LP

  Shares: 8,410,009 · Class: 6.5%

• ICM ARI Investor LLC

  Shares: 8,410,009 · Class: 6.5%

• Adam Katz

  Shares: 8,410,009 · Class: 6.5%

• Andrew Dodge

  Shares: 8,410,009 · Class: 6.5%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.