| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| ARES MANAGEMENT LLC | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | Ares Management LLC, By: /s/ Anton Feingold, Authorized Signatory | 11 Sep 2025 | 0001259313 |
| ASSF IV AIV B Holdings III, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASSF IV AIV B Holdings III, L.P., By: ASSF Operating Manager IV, L.P., its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001757327 |
| ASSF IV AIV B, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASSF IV AIV B, L.P., By: ASSF Operating Manager IV, L.P., its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001862592 |
| ASSF Operating Manager IV, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASSF Operating Manager IV, L.P., By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001683967 |
| ASOF Holdings I, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASOF Holdings I, L.P., By: ASOF Investment Management LLC, its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001793549 |
| ASOF II Holdings I, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASOF II Holdings I, L.P., By: ASOF Investment Management LLC, its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001933113 |
| ASOF II A (DE) Holdings I, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASOF II A (DE) HOLDINGS I, L.P., By: ASOF Investment Management LLC, its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001933136 |
| ASOF Investment Management LLC | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ASOF Investment Management LLC, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001793548 |
| ACOF VI Holdings, L.P. | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ACOF VI Holdings, L.P., By: ACOF Investment Management LLC, its manager, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001947935 |
| ACOF Investment Management LLC | 10%+ Owner | C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES | ACOF Investment Management LLC, By: /s/ Evan Hoole, Authorized Signatory | 11 Sep 2025 | 0001684171 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CCO | Common Stock | Sale | $2,261,335 | -1,631,555 | -2.9% | $1.39 | 54,197,491 | 09 Sep 2025 | See footnotes | F1, F2, F3 |
| transaction | CCO | Common Stock | Sale | $14,710,800 | -13,000,000 | -24% | $1.13 | 41,197,491 | 10 Sep 2025 | See footnotes | F1, F2, F3, F4 |
ARES MANAGEMENT LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Following the transactions reported herein, includes: (i) 8,722,544 shares held by ASSF IV AIV B Holdings III, L.P. ("ASSF IV AIV B Holdings"), (ii) 984,295 shares held by ASSF IV AIV B, L.P. ("ASSF IV AIV B"), (iii) 19,332,427 shares held by ASOF Holdings I, L.P. ("ASOF I"), (iv) 5,095,692 shares held by ASOF II Holdings I, L.P. ("ASOF II Holdings I"), (v) 918,342 shares held by ASOF II A (DE) Holdings I, L.P. ("ASOF II A (DE) Holdings I"), and (vi) 6,144,191 shares held by ACOF VI Holdings, L.P. ("ACOF VI"). |
| F2 | Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the general partner of ASSF Operating Manager IV, L.P., which is the manager of ASSF IV AIV B Holdings and ASSF IV AIV B; (ii) the sole member of ASOF Investment Management LLC, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (iii) the sole member of ACOF Investment Management LLC, which is the manager of ACOF VI. |
| F3 | We refer to all of the foregoing entities collectively as the Ares Entities. Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.12 to $1.2714, inclusive. 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 range set forth herein. |
Due to the limitations of the electronic filing system, each of Ares Partners Holdco LLC, Ares Voting LLC, Ares Management GP LLC, Ares Management Corp, Ares Holdco LLC, and Ares Management Holdings L.P. are filing a separate Form 4.