David B. Kaplan - May 27, 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Co-Founder, Director
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
May 27, 2025
Transactions value $
-$4,845,343
Form type
4
Date filed
5/29/2025, 08:59 PM
Previous filing
May 19, 2025
Next filing
Jun 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KAPLAN DAVID B Co-Founder, Director 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES /s/ Naseem Sagati Aghili, by power of attorney 2025-05-29 0001025976

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$103K -626 -1% $165.07 61.9K May 27, 2025 By Trently Holdings, LLC F1, F2
transaction ARES Class A Common Stock Sale -$859K -5.21K -8.41% $165.06 56.7K May 28, 2025 By Trently Holdings, LLC F1, F3
transaction ARES Class A Common Stock Sale -$3.88M -23.5K -41.51% $165.06 33.1K May 29, 2025 By Trently Holdings, LLC F1, F4
holding ARES Class A Common Stock 1.03M May 27, 2025 By Ares Owners Holdings L.P. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 13, 2025 by the reporting person, or a vehicle controlled by him.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on May 27, 2025 in multiple transactions at prices ranging from $165.00 to $165.15. 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 and 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on May 28, 2025 in multiple transactions at prices ranging from $165.00 to $165.24.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on May 29, 2025 in multiple transactions at prices ranging from $165.00 to $165.18.
F5 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 Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.