Naseem Sagati Aghili - 15 May 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
General Counsel
Signature
/s/ Naseem Sagati Aghili
Issuer symbol
ARES
Transactions as of
15 May 2023
Net transactions value
-$944,198
Form type
4
Filing time
17 May 2023, 20:10:13 UTC
Previous filing
02 Feb 2023
Next filing
23 May 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 Options Exercise $562,989 +29,631 +12% $19.00 272,863 15 May 2023 Direct F1
transaction ARES Class A Common Stock Tax liability $1,507,187 -18,100 -6.6% $83.27 254,763 15 May 2023 Direct F1

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 -29,631 -50% $0.000000 29,631 15 May 2023 Class A Common Stock 29,631 $19.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 155,086 restricted units granted under the 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 options are fully vested as of May 1, 2019.