| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Tax liability | -$4.27M | -57.4K | -6.67% | $74.49 | 802K | Aug 16, 2021 | Direct | F1, F2 |
| transaction | ARES | Class A Common Stock | Conversion of derivative security | $0 | +300K | +37.38% | $0.00 | 1.1M | Aug 16, 2021 | Direct | F2 |
| 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 | -300K | -16.57% | 1.51M | Aug 16, 2021 | Class A Common Stock | 300K | By Ares Owners Holdings L.P. | F3, F4 | |||
| holding | ARES | Restricted Units | 100K | Aug 16, 2021 | Class A Common Stock | 100K | Direct | F5 | ||||||
| holding | ARES | Options (Right to Buy) | 84.5K | Aug 16, 2021 | Class A Common Stock | 84.5K | $19.00 | Direct | F6 |
| Id | Content |
|---|---|
| F1 | Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. |
| F2 | Includes 563,614 restricted units granted under the Equity Incentive Plan. 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. |
| F3 | 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. |
| F4 | 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. |
| F5 | 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: 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, generally subject to the reporting person's continued service through the applicable vesting date. |
| F6 | The options are fully vested as of May 1, 2019. |