| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Arougheti Michael J | Co-Founder and CEO, Director | 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | /s/ Anton Feingold, by power of attorney | 19 Aug 2025 | 0001304471 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Conversion of derivative security | $0 | +590,000 | $0.000000 | 590,000 | 15 Aug 2025 | By Atticus Enterprises LLC | ||
| transaction | ARES | Class A Common Stock | Sale | $5,039,773 | -26,823 | -4.5% | $187.89 | 563,177 | 15 Aug 2025 | By Atticus Enterprises LLC | F1, F2 |
| transaction | ARES | Class A Common Stock | Sale | $3,806,460 | -20,140 | -3.6% | $189.00 | 543,037 | 15 Aug 2025 | By Atticus Enterprises LLC | F1, F3 |
| transaction | ARES | Class A Common Stock | Sale | $886,596 | -4,669 | -0.86% | $189.89 | 538,368 | 15 Aug 2025 | By Atticus Enterprises LLC | F1, F4 |
| transaction | ARES | Class A Common Stock | Sale | $872,063 | -4,572 | -0.85% | $190.74 | 533,796 | 15 Aug 2025 | By Atticus Enterprises LLC | F1, F5 |
| transaction | ARES | Class A Common Stock | Sale | $2,874,835 | -15,330 | -2.9% | $187.53 | 518,466 | 18 Aug 2025 | By Atticus Enterprises LLC | F1, F6 |
| transaction | ARES | Class A Common Stock | Sale | $3,231,149 | -17,176 | -3.3% | $188.12 | 501,290 | 18 Aug 2025 | By Atticus Enterprises LLC | F1, F7 |
| transaction | ARES | Class A Common Stock | Sale | $3,782,066 | -19,975 | -4% | $189.34 | 481,315 | 18 Aug 2025 | By Atticus Enterprises LLC | F1, F8 |
| transaction | ARES | Class A Common Stock | Sale | $6,285,474 | -33,071 | -6.9% | $190.06 | 448,244 | 18 Aug 2025 | By Atticus Enterprises LLC | F1, F9 |
| transaction | ARES | Class A Common Stock | Sale | $4,128,973 | -22,926 | -5.1% | $180.10 | 425,318 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F10 |
| transaction | ARES | Class A Common Stock | Sale | $6,145,500 | -34,000 | -8% | $180.75 | 391,318 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F11 |
| transaction | ARES | Class A Common Stock | Sale | $4,646,856 | -25,542 | -6.5% | $181.93 | 365,776 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F12 |
| transaction | ARES | Class A Common Stock | Sale | $1,510,665 | -8,255 | -2.3% | $183.00 | 357,521 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F13 |
| transaction | ARES | Class A Common Stock | Sale | $1,673,268 | -9,082 | -2.5% | $184.24 | 348,439 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F14 |
| transaction | ARES | Class A Common Stock | Sale | $1,943,100 | -10,497 | -3% | $185.11 | 337,942 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F15 |
| transaction | ARES | Class A Common Stock | Sale | $1,913,544 | -10,284 | -3% | $186.07 | 327,658 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F16 |
| transaction | ARES | Class A Common Stock | Sale | $2,077,277 | -11,112 | -3.4% | $186.94 | 316,546 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F17 |
| transaction | ARES | Class A Common Stock | Sale | $539,317 | -2,871 | -0.91% | $187.85 | 313,675 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F18 |
| transaction | ARES | Class A Common Stock | Sale | $368,139 | -1,947 | -0.62% | $189.08 | 311,728 | 19 Aug 2025 | By Atticus Enterprises LLC | F1, F19 |
| holding | ARES | Class A Common Stock | 1,400,000 | 15 Aug 2025 | Direct | F20 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Ares Operating Group Units | Conversion of derivative security | -590,000 | -7% | 7,841,596 | 15 Aug 2025 | Class A Common Stock | 590,000 | By Ares Owners Holdings L.P. | F21, F22 |
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).
| Id | Content |
|---|---|
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |