Naseem Sagati - Aug 2, 2022 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Naseem Sagati Aghili
Stock symbol
ARES
Transactions as of
Aug 2, 2022
Transactions value $
-$1,076,821
Form type
4
Date filed
8/4/2022, 07:44 PM
Previous filing
Mar 31, 2022
Next filing
Nov 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Options Exercise $380K +20K +9.17% $19.00 238K Aug 2, 2022 Direct F1
transaction ARES Class A Common Stock Tax liability -$912K -12.6K -5.27% $72.64 226K Aug 2, 2022 Direct F1
transaction ARES Class A Common Stock Sale -$545K -7.45K -3.3% $73.18 218K Aug 3, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 $0 -20K -25.23% $0.00 59.3K Aug 2, 2022 Class A Common Stock 20K $19.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 132,691 restricted units granted under the Ares Management Corporation Third Amended and Restated 2014 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on August 3, 2022 in multiple transactions at prices ranging from $72.95 to $73.68. 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.