Ryan Berry - 01 Nov 2021 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Chief Mktg. & Strategy Officer
Signature: /s/ Naseem Sagati Aghili, by power of attorney
Issuer symbol: ARES
Transactions as of: 01 Nov 2021
Net transactions value: -$3,904,023
Form type: 4
Filing time: 02 Nov 2021, 19:53:05 UTC
Previous filing: 14 Sep 2021
Next filing: 24 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARES	Class A Common Stock	Tax liability	$3,904,023	-46,482	-7.7%	$83.99	560,213	01 Nov 2021	Direct	F1, F2
holding	ARES	Class A Common Stock						2,700	01 Nov 2021	By Retirement Savings Plan
holding	ARES	Class A Common Stock						7,387	01 Nov 2021	By Spouse's SEP IRA
holding	ARES	Class A Common Stock						240,155	01 Nov 2021	By Reporting Person and Spouse as joint tenants with right of survivorship
holding	ARES	Class A Common Stock						5,003	01 Nov 2021	By IRA

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 512,945 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.

Content

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.

Includes 512,945 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.