Naseem Sagati Aghili - 10 Nov 2022 Form 4 Insider Report for Ares Management Corp (ARES)

Role: General Counsel
Signature: /s/ Anton Feingold, by power of attorney
Issuer symbol: ARES
Transactions as of: 10 Nov 2022
Net transactions value: -$1,273,800
Form type: 4
Filing time: 10 Nov 2022, 20:07:43 UTC
Previous filing: 04 Aug 2022
Next filing: 24 Jan 2023
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	Sale	$1,273,800	-15,000	-6.9%	$84.92	203,082	10 Nov 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold on November 10, 2022 in multiple transactions at prices ranging from $84.81 to $85.03. 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.
F2	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.

Content

The price reported in Column 4 is a weighted average price. These shares were sold on November 10, 2022 in multiple transactions at prices ranging from $84.81 to $85.03. 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.

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.