| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Options Exercise | $803K | +42.3K | +4.8% | $19.00 | 923K | May 25, 2021 | Direct | F1 |
| transaction | ARES | Class A Common Stock | Tax liability | -$1.6M | -29.4K | -3.19% | $54.44 | 893K | May 25, 2021 | Direct | F1 |
| transaction | ARES | Class A Common Stock | Sale | -$6.93M | -127K | -14.2% | $54.62 | 766K | May 26, 2021 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Options (Right to Buy) | Options Exercise | -$803K | -42.3K | -33.33% | $19.00 | 84.5K | May 25, 2021 | Class A Common Stock | 42.3K | $19.00 | Direct | F3 |
| holding | ARES | Restricted Units | 300K | May 25, 2021 | Class A Common Stock | 300K | Direct | F4, F5 | ||||||
| holding | ARES | Ares Operating Group Units | 1.81M | May 25, 2021 | Class A Common Stock | 1.81M | By Ares Owners Holdings L.P. | F6, F7 |
| Id | Content |
|---|---|
| F1 | Includes 663,614 restricted units granted under the Ares Management Corporation Third Amended and Restated Equity Incentive Plan (the "Equity Incentive Plan"). These restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold on May 26, 2021 in multiple transactions at prices ranging from $54.50 to $54.90. 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 in this footnote. |
| F3 | The options are fully vested as of May 1, 2019. |
| F4 | The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: (i) 100,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $60.00; (ii) 100,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $65.00; (Continued in footnote 5) |
| F5 | and (iii) 100,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, in each case generally subject to the reporting person's continued service through the applicable vesting date |
| F6 | Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, 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. |
| F7 | 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 or the vehicle are the number of AOG units that he or the vehicle has a right to receive as a limited partner in AOH. |