X0202 SCHEDULE 13D/A 0001104659-21-103460 0001566491 XXXXXXXX LIVE 3 Common stock, par value $0.01 per share 06/04/2026 false 0001674168 43283X105 Hilton Grand Vacations Inc.

6355 Metrowest Boulevard Suite 180 Orlando FL 32835

Erin E. Martin, Esq. (202) 739-3000 1111 Pennsylvania Avenue NW Washington DC 20004 0001566491 N Apollo Principal Holdings A GP, Ltd OO N E9 0.00 13245825.00 0.00 13245825.00 13245825.00 N 16.9 CO 0001682821 N AP Dakota Co-Invest, L.P. OO N DE 0.00 3375987.00 0.00 3375987.00 3375987.00 Y 4.3 PN 0001878274 N AP VIII Dakota Holdings Borrower, L.P. OO N DE 0.00 9869838.00 0.00 9869838.00 9869838.00 Y 12.6 PN 0001877428 N AP Dakota Co-Invest GP, LLC OO N DE 0.00 3375987.00 0.00 3375987.00 3375987.00 Y 4.3 OO Y AP VIII Dakota Holdings Borrower GP, LLC OO N DE 0.00 9869838.00 0.00 9869838.00 9869838.00 Y 12.6 OO 0001877482 N AP VIII Dakota Holdings, L.P. OO N DE 0.00 9869838.00 0.00 9869838.00 9869838.00 Y 12.6 PN 0001600221 N Apollo Advisors VIII, L.P. OO N DE 0.00 13245825.00 0.00 13245825.00 13245825.00 N 16.9 PN 0001600223 N Apollo Capital Management VIII, LLC OO N DE 0.00 13245825.00 0.00 13245825.00 13245825.00 N 16.9 OO 0001648671 N APH Holdings, L.P. OO N E9 0.00 13245825.00 0.00 13245825.00 13245825.00 N 16.9 PN Common stock, par value $0.01 per share Hilton Grand Vacations Inc. 6355 Metrowest Boulevard Suite 180 Orlando FL 32835 The information in this Amendment No. 3 to Schedule 13D (this "Third Amendment" or this "13D/A") amends and supplements the Schedule 13D (the "Original Schedule 13D," and, as amended, the "Schedule 13D") filed with the U.S. Securities and Exchange Commission (the "SEC") by the Reporting Persons therein described on August 11, 2021, relating to the common stock, par value $0.01 per share (the "Common Stock"), of Hilton Grand Vacations Inc., a Delaware corporation ("HGV," the "Issuer" or the "Company"), as amended by that Amendment No. 1 to Schedule 13D (the "First Amendment") filed with the SEC on November 27, 2024, as further amended by that Amendment No. 2 to Schedule 13D (the "Second Amendment") filed with the SEC on August 18, 2025. Except as set forth herein, the Schedule 13D remains unmodified. Capitalized terms used herein without definition have the meaning assigned thereto in the Original Schedule 13D. Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) Information in Rows 11 and 13 of the respective cover pages of each Reporting Person is incorporated into this Item 5(a) by reference. The Reporting Persons' aggregate percentage beneficial ownership of the total amount of Common Stock outstanding is 16.9%, based on a total of 78,515,453 shares of Common Stock outstanding as of June 4, 2026, as provided by the Issuer to the Reporting Persons. Dakota Co-Invest GP, Borrower GP LLC, Dakota Holdings LP, Advisors VIII, Capital Management VIII, APH Holdings, and Principal Holdings A GP, and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers and directors, of Principal Holdings A GP, each disclaims beneficial ownership of all Common Stock owned of record by Dakota Co-Invest and Dakota Holdings Borrower, except to the extent of any pecuniary interest therein, and the filing of this Schedule 13D shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose. Information in Rows 7 to 10 of the respective cover pages of each Reporting Person is incorporated into this Item 5(b) by reference. The Reporting Persons effected the following transaction of the Common Stock during the past sixty days: on June 4, 2026, the Reporting Persons set forth below sold an aggregate of 5,000,000 shares of Common Stock for $50.00 per share pursuant to an underwritten public offering: Dakota Co-Invest 1,274,359 Dakota Holdings Borrower 3,725,641 Underwriting Agreement, dated June 2, 2026, by and among Hilton Grand Vacations Inc., certain stockholders named therein and Wells Fargo Securities, LLC, as Representative of the Underwriters named therein (incorporated by reference to Exhibit 1.1 to the Issuer's Current Report on Form 8-K filed on June 4, 2026). Apollo Principal Holdings A GP, Ltd /s/ James Elworth 06/08/2026 AP Dakota Co-Invest, L.P. AP Dakota Co-Invest GP, LLC 06/08/2026 /s/ James Elworth 06/08/2026 AP VIII Dakota Holdings Borrower, L.P. AP VIII Dakota Holdings Borrower GP, LLC 06/08/2026 /s/ James Elworth 06/08/2026 AP Dakota Co-Invest GP, LLC /s/ James Elworth 06/08/2026 AP VIII Dakota Holdings Borrower GP, LLC /s/ James Elworth 06/08/2026 AP VIII Dakota Holdings, L.P. Apollo Advisors VIII, L.P. 06/08/2026 Apollo Capital Management VIII, LLC 06/08/2026 /s/ James Elworth 06/08/2026 Apollo Advisors VIII, L.P. Apollo Capital Management VIII, LLC 06/08/2026 /s/ James Elworth 06/08/2026 Apollo Capital Management VIII, LLC /s/ James Elworth 06/08/2026 APH Holdings, L.P. Apollo Principal Holdings A GP, Ltd. 06/08/2026 /s/ James Elworth 06/08/2026