Kvalheim Grant

SEC source: 0001127602-20-000871 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,631,723

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-20-000871 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,630,249

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-19-021263 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

F1 · security: Complete Title of Security: Depositary Shares Each Representing 1/1000th Interest in a Share of 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series A. The Depositary Shares are not convertible into the Class A common shares and do not derive any of their value from the value of the Class A common shares and, except in very limited circumstances, are not convertible or exchangeable for any other securities or property of the Issuer, and, except in very limited circumstances, have no voting rights.

SEC source: 0001127602-19-014938 · form4.xml · derivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,309

Underlying: Class A Common Shares · 10,309 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2019 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F3 · derivative.exercise_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2019 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F3 · derivative.expiration_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2019 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

SEC source: 0001127602-19-014938 · form4.xml · derivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,104

Underlying: Class A Common Shares · 45,104 shares

Expires 2029-04-03

F2 · derivative.exercise_date: This option vests ratably on each of the first three anniversaries of the January 1, 2019 vesting start date.

SEC source: 0001127602-19-014938 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,628,866

F1 · shares: This reported transaction represents an award of performance-based restricted shares issued at the maximum payout amount. The shares vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2019 to December 31, 2021 and are subject to forfeiture in the event that maximum performance levels are not achieved. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested at the target level of performance as of the effective date of such termination of relationship.

SEC source: 0001127602-19-009624 · form4.xml · derivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 10,634 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019.

F2 · derivative.exercise_price: This reported transaction represents vested PRSUs that have been settled in Class A common shares. Vested PRSUs are settled in Class A common shares on a one-for-one basis.

F2 · price: This reported transaction represents vested PRSUs that have been settled in Class A common shares. Vested PRSUs are settled in Class A common shares on a one-for-one basis.

F1 · derivative.exercise_date: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019.

F1 · derivative.expiration_date: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019.

SEC source: 0001127602-19-009624 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,597,939

F3 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the settlement of vested PRSUs that settled in Class A common shares.

SEC source: 0001127602-19-009624 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,601,569

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · shares: This reported transaction represents vested PRSUs that have been settled in Class A common shares. Vested PRSUs are settled in Class A common shares on a one-for-one basis.

F2 · price: This reported transaction represents vested PRSUs that have been settled in Class A common shares. Vested PRSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-19-008391 · form4.xml · derivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,634

Underlying: Class A Common Shares · 10,634 shares

Expires not disclosed

F1 · derivative.exercise_price: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019 and will be settled in Class A common shares within 90 days of the vesting date.

F1 · derivative.exercise_date: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019 and will be settled in Class A common shares within 90 days of the vesting date.

F1 · derivative.expiration_date: These performance-based restricted stock units ("PRSUs") were granted on June 6, 2016, but were conditional upon the Issuer satisfying certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018 (the "Performance Period"). On February 22, 2019, the Compensation Committee of the Issuer's Board of Directors determined the extent to which the Issuer met the performance goals for the Performance Period and the number of PRSUs that vested for the Reporting Person. Each PRSU represents a contingent right to receive one Class A common share of the Issuer. The PRSUs vested on January 15, 2019 and will be settled in Class A common shares within 90 days of the vesting date.

SEC source: 0001127602-19-006819 · form4.xml · derivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 333,408.99

Underlying: Class A Common Shares · 8,902.04 shares

Expires not disclosed

F1 · derivative.exercise_price: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F2 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Class M-4 Prime common shares. The price of derivative security represents the per share value of the Class M-4 Prime common shares used to calculate the number of shares withheld.

F1 · derivative.exercise_date: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F3 · derivative.exercise_date: One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the February 15, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire February 15, 2026.

F1 · derivative.expiration_date: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F3 · derivative.expiration_date: One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the February 15, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire February 15, 2026.

SEC source: 0001127602-19-001366 · form4.xml · derivative · entry 7

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,949

Underlying: Class A Common Shares · 1,474 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date.

F4 · derivative.exercise_price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F3 · derivative.exercise_date: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date.

F3 · derivative.expiration_date: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date.

SEC source: 0001127602-19-001366 · form4.xml · derivative · entry 6

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,383

Underlying: Class A Common Shares · 1,382 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019.

F4 · derivative.exercise_price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F2 · derivative.exercise_date: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019.

F2 · derivative.expiration_date: Each RSU represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019.

SEC source: 0001127602-19-001366 · form4.xml · derivative · entry 5

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 2,087 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018.

F4 · derivative.exercise_price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018.

SEC source: 0001127602-19-001366 · form4.xml · nonDerivative · entry 4

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,590,935

F5 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the settlement of vested RSUs that settled in Class A common shares.

SEC source: 0001127602-19-001366 · form4.xml · nonDerivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,592,600

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-19-001366 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,591,126

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-19-001366 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,589,744

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

SEC source: 0001127602-18-027928 · form4.xml · nonDerivative · entry 4

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Mk

Disclosed balance after: 0

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.87 to $51.26, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-027928 · form4.xml · nonDerivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Lk

Disclosed balance after: 0

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.87 to $51.26, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-027928 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Dk

Disclosed balance after: 0

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.87 to $51.26, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-027928 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,587,657

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.87 to $51.26, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-026453 · form4.xml · nonDerivative · entry 4

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Dk

Disclosed balance after: 13,741

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.59, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-026453 · form4.xml · nonDerivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Mk

Disclosed balance after: 13,741

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.59, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-026453 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Gst Exempt Trust - Lk

Disclosed balance after: 13,741

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.59, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-026453 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 0

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.59, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-026329 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 52,191

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

SEC source: 0001127602-18-026143 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 52,268

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

SEC source: 0001127602-18-026143 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 52,468

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.08, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-025940 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 54,773

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F3 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 to $50.405, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4

SEC source: 0001127602-18-025940 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 205,812

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.22, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-025741 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 229,738

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F3 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.10, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001127602-18-025741 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 308,736

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.02, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001127602-18-025221 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 311,720

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

SEC source: 0001127602-18-024978 · form4.xml · nonDerivative · entry 4

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 315,788

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F4 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.05, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) to this Form 4.

SEC source: 0001127602-18-024978 · form4.xml · nonDerivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 348,439

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F3 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.02, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001127602-18-024978 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim 2009 Children's Non-Exempt Trust

Disclosed balance after: 354,773

F1 · ownership.nature: Upon termination of the Grant Kvalheim April 2014 GRAT on April 27, 2018, 354,773 of the shares were transferred to the Grant Kvalheim 2009 Children's Non-Exempt Trust. The remaining 77,421 shares were distributed to the reporting person and continue to be reported in this Form 4 as directly owned.

SEC source: 0001127602-18-024978 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim April 2014 Grat

Disclosed balance after: 0

F1 · ownership.nature: Upon termination of the Grant Kvalheim April 2014 GRAT on April 27, 2018, 354,773 of the shares were transferred to the Grant Kvalheim 2009 Children's Non-Exempt Trust. The remaining 77,421 shares were distributed to the reporting person and continue to be reported in this Form 4 as directly owned.

SEC source: 0001127602-18-011901 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim April 2014 Grat

Disclosed balance after: 432,194

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F3 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.08, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001127602-18-011901 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grant Kvalheim April 2014 Grat

Disclosed balance after: 436,395

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2018.

F2 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.30, inclusive. The reporting person undertakes to provide to Athene Holding Ltd., any security holder of Athene Holding Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001127602-18-009441 · form4.xml · derivative · entry 7

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,423

Underlying: Class A Common Shares · 4,423 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F3 · derivative.exercise_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F3 · derivative.expiration_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2018 vesting start date. Vested RSUs are settled in Class A common shares on a one-for-one basis. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

SEC source: 0001127602-18-009441 · form4.xml · derivative · entry 6

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,535

Underlying: Class A Common Shares · 22,535 shares

Expires 2028-02-27

F2 · derivative.exercise_date: This option vests ratably on each of the first three anniversaries of the January 1, 2018 vesting start date.

SEC source: 0001127602-18-009441 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,554,013

F1 · shares: This reported transaction represents an award of performance-based restricted shares issued at the maximum payout amount. The shares vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2018 to December 31, 2020 and are subject to forfeiture in the event that maximum performance levels are not achieved. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested at the target level of performance as of the effective date of such termination of relationship.

SEC source: 0001127602-18-006426 · form4.xml · derivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 342,311.03

Underlying: Class A Common Shares · 13,301.68 shares

Expires not disclosed

F1 · derivative.exercise_price: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F2 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Class M-4 Prime common shares. The price of derivative security represents the per share value of the Class M-4 Prime common shares used to calculate the number of shares withheld.

F1 · derivative.exercise_date: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F3 · derivative.exercise_date: One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the February 15, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire February 15, 2026.

F1 · derivative.expiration_date: These Class M-4 Prime common shares are exchangeable into Class A common shares, on a one-to-one basis, once vested and upon payment of the conversion price (which can be paid in cash or shares).

F3 · derivative.expiration_date: One-third of these Class M-4 Prime common shares vest based on time, with such shares vesting ratably on each of the first five anniversaries of the February 15, 2016 vesting start date; one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $50 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $50 or more); and one-third vest upon the trading price of the Class A common shares attaining a per-share volume weighted average closing trading price of $70 or more during any 120-day period (or upon a sale or change in control in which Class A common shares are valued at $70 or more). Once vested, these Class M-4 Prime common shares have no expiration date and can be converted at the holder's election into Class A common shares at any time. Any remaining unvested Class M-4 Prime common shares expire February 15, 2026.

SEC source: 0001127602-18-001162 · form4.xml · derivative · entry 10

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,765

Underlying: Class A Common Shares · 1,382 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F4 · derivative.exercise_price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F3 · derivative.exercise_date: Each restricted stock unit represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F3 · derivative.expiration_date: Each restricted stock unit represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2017 vesting start date. An additional 8,293 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2017 to December 31, 2019. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

SEC source: 0001127602-18-001162 · form4.xml · derivative · entry 9

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,087

Underlying: Class A Common Shares · 2,087 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F4 · derivative.exercise_price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F2 · derivative.exercise_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

F2 · derivative.expiration_date: Each restricted stock unit ("RSU") represents a contingent right to receive one Class A common share of the Issuer. The RSUs reported herein vest on each of the first three anniversaries of the January 1, 2016 vesting start date. An additional 12,519 RSUs not reported herein vest only if the Issuer satisfies certain performance criteria over the three fiscal year period from January 1, 2016 to December 31, 2018. In certain circumstances involving termination of the reporting person after a change in control of the Issuer, the award shall become immediately and fully vested as of the effective date of such termination of relationship.

SEC source: 0001127602-18-001162 · form4.xml · nonDerivative · entry 4

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,539,363

F6 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted share awards.

SEC source: 0001127602-18-001162 · form4.xml · nonDerivative · entry 3

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,547,927

F5 · shares: This reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the settlement of vested RSUs that settled in Class A common shares.

SEC source: 0001127602-18-001162 · form4.xml · nonDerivative · entry 2

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,550,973

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F1 · balance_after: Of these Class A common shares, 70,498 were originally issued pursuant to restricted share awards which vest one third on each of the first three anniversaries of the vesting start date and immediately upon a sale or change in control of the Issuer. All such Class A common shares are vested as of the date of this report.

SEC source: 0001127602-18-001162 · form4.xml · nonDerivative · entry 1

Kvalheim Grant · CIK 0001689321 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,549,591

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · shares: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.

F4 · price: This reported transaction represents vested RSUs that have been settled in Class A common shares. Vested RSUs are settled in Class A common shares on a one-for-one basis.