Michael J. Arougheti - 26 Nov 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Co-Founder and CEO, Director
Signature
/s/ Anton Feingold, by power of attorney
Issuer symbol
ARES
Transactions as of
26 Nov 2025
Net transactions value
-$45,274,799
Form type
4
Filing time
01 Dec 2025, 20:57:46 UTC
Previous filing
25 Nov 2025
Next filing
19 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

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 01 Dec 2025 0001304471

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale $229,092 -1,499 -0.52% $152.83 289,498 26 Nov 2025 By Atticus Enterprises LLC F1, F2
transaction ARES Class A Common Stock Sale $2,974,615 -19,332 -6.7% $153.87 270,166 26 Nov 2025 By Atticus Enterprises LLC F1, F3
transaction ARES Class A Common Stock Sale $17,696,907 -114,469 -42% $154.60 155,697 26 Nov 2025 By Atticus Enterprises LLC F1, F4
transaction ARES Class A Common Stock Sale $119,008 -767 -0.49% $155.16 154,930 26 Nov 2025 By Atticus Enterprises LLC F1, F5
transaction ARES Class A Common Stock Sale $2,091,050 -13,495 -8.7% $154.95 141,435 28 Nov 2025 By Atticus Enterprises LLC F1, F6
transaction ARES Class A Common Stock Sale $4,943,228 -31,726 -22% $155.81 109,709 28 Nov 2025 By Atticus Enterprises LLC F1, F7
transaction ARES Class A Common Stock Sale $8,373,790 -53,452 -49% $156.66 56,257 28 Nov 2025 By Atticus Enterprises LLC F1, F8
transaction ARES Class A Common Stock Sale $288,273 -1,878 -3.3% $153.50 54,379 01 Dec 2025 By Atticus Enterprises LLC F1, F9
transaction ARES Class A Common Stock Sale $422,456 -2,737 -5% $154.35 51,642 01 Dec 2025 By Atticus Enterprises LLC F1, F10
transaction ARES Class A Common Stock Sale $840,348 -5,400 -10% $155.62 46,242 01 Dec 2025 By Atticus Enterprises LLC F1, F11
transaction ARES Class A Common Stock Sale $4,927,834 -31,266 -68% $157.61 14,976 01 Dec 2025 By Atticus Enterprises LLC F1, F12
transaction ARES Class A Common Stock Sale $2,223,711 -14,067 -94% $158.08 909 01 Dec 2025 By Atticus Enterprises LLC F1, F13
transaction ARES Class A Common Stock Sale $144,486 -909 -100% $158.95 0 01 Dec 2025 By Atticus Enterprises LLC F1, F14
holding ARES Class A Common Stock 1,400,000 26 Nov 2025 Direct F15
* 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 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 November 26, 2025 in multiple transactions at prices ranging from $152.12 to $153.10. 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 and 14.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $153.12 to $154.11.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $154.12 to $155.11.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $155.12 to $155.21.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $154.26 to $155.21.
F7 The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $155.26 to $156.25.
F8 The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $156.26 to $157.11.
F9 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $152.83 to $153.81.
F10 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $153.83 to $154.53.
F11 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $155.01 to $155.75.
F12 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $156.89 to $157.86.
F13 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $157.90 to $158.89.
F14 The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $158.90 to $158.99.
F15 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.