Ares Management Corp

Filing Date

Aug 19, 2025

Transaction Date

Aug 15, 2025

Accession Number

0001304471-25-000004

Form Type

4

Net Trading Amount

-$51.7M

Footnotes

1. (F1)This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 13, 2024 by the reporting person, or a vehicle controlled by him.
2. (F2)The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2025 in multiple transactions at prices ranging from $187.45 to $188.33. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 ranges set forth in this footnote and footnotes 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19.
3. (F3)The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2025 in multiple transactions at prices ranging from $188.47 to $189.44.
4. (F4)The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2025 in multiple transactions at prices ranging from $189.47 to $190.44.
5. (F5)The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2025 in multiple transactions at prices ranging from $190.48 to $191.28.
6. (F6)The price reported in Column 4 is a weighted average price. These shares were sold on August 18, 2025 in multiple transactions at prices ranging from $186.73 to $187.72.
7. (F7)The price reported in Column 4 is a weighted average price. These shares were sold on August 18, 2025 in multiple transactions at prices ranging from $187.73 to $188.70.
8. (F8)The price reported in Column 4 is a weighted average price. These shares were sold on August 18, 2025 in multiple transactions at prices ranging from $188.74 to $189.73.
9. (F9)The price reported in Column 4 is a weighted average price. These shares were sold on August 18, 2025 in multiple transactions at prices ranging from $189.74 to $190.60.
10. (F10)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $179.51 to $180.50.
11. (F11)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $180.51 to $181.50.
12. (F12)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $181.51 to $182.50.
13. (F13)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $182.51 to $183.48.
14. (F14)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $183.51 to $184.50.
15. (F15)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $184.51 to $185.49.
16. (F16)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $185.51 to $186.50.
17. (F17)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $186.51 to $187.50.
18. (F18)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $187.54 to $188.53.
19. (F19)The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2025 in multiple transactions at prices ranging from $188.55 to $189.31.
20. (F20)Represents 1,400,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.
21. (F21)Pursuant to the terms of the Sixth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of May 8, 2025, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.
22. (F22)The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.