Bennett Rosenthal - Jun 12, 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Co-Founder & Chairman of PEG, Director
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Jun 12, 2025
Transactions value $
-$14,347,484
Form type
4
Date filed
6/13/2025, 07:54 PM
Previous filing
May 19, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Rosenthal Bennett Co-Founder & Chairman of PEG, Director 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES /s/ Naseem Sagati Aghili, by power of attorney 2025-06-13 0001304465

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$2.84M -17K -20.01% $166.69 68K Jun 12, 2025 By BAR Holdings, LLC F1, F2
transaction ARES Class A Common Stock Sale -$3.64M -21.7K -31.92% $167.79 46.3K Jun 12, 2025 By BAR Holdings, LLC F1, F3
transaction ARES Class A Common Stock Sale -$218K -1.29K -2.79% $168.56 45K Jun 12, 2025 By BAR Holdings, LLC F1, F4
transaction ARES Class A Common Stock Sale -$7.65M -45K -100% $170.08 0 Jun 12, 2025 By BAR Holdings, LLC F1, F5
holding ARES Class A Common Stock 1.08M Jun 12, 2025 By Ares Owners Holdings L.P. F6
* 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 June 12, 2025 in multiple transactions at prices ranging from $166.15 to $167.11. 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 and 5.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on June 12, 2025 in multiple transactions at prices ranging from $167.29 to $168.25.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on June 12, 2025 in multiple transactions at prices ranging from $168.52 to $168.70.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on June 12, 2025 in multiple transactions at prices ranging from $170.00 to $170.38.
F6 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.