| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Conversion of derivative security | $0 | +175K | +37.98% | $0.00 | 636K | May 23, 2023 | By Atticus Enterprises LLC | |
| transaction | ARES | Class A Common Stock | Sale | -$1.13M | -13.7K | -1.74% | $82.57 | 772K | May 24, 2023 | By Atticus Enterprises LLC | F1, F2, F3 |
| transaction | ARES | Class A Common Stock | Sale | -$3.42M | -41K | -5.31% | $83.35 | 731K | May 24, 2023 | By Atticus Enterprises LLC | F1, F4 |
| transaction | ARES | Class A Common Stock | Sale | -$43.3K | -516 | -0.07% | $83.91 | 731K | May 24, 2023 | By Atticus Enterprises LLC | F1, F5 |
| transaction | ARES | Class A Common Stock | Sale | -$3.38M | -40.9K | -3.5% | $82.56 | 1.13M | May 24, 2023 | Direct | F1, F6, F7 |
| transaction | ARES | Class A Common Stock | Sale | -$10.3M | -123K | -10.9% | $83.35 | 1.01M | May 24, 2023 | Direct | F1, F4, F7 |
| transaction | ARES | Class A Common Stock | Sale | -$126K | -1.5K | -0.15% | $83.90 | 1M | May 24, 2023 | Direct | F1, F7, F8 |
| transaction | ARES | Class A Common Stock | Sale | -$1.58M | -18.9K | -2.59% | $83.43 | 712K | May 25, 2023 | By Atticus Enterprises LLC | F1, F9 |
| transaction | ARES | Class A Common Stock | Sale | -$1.49M | -17.6K | -2.48% | $84.37 | 694K | May 25, 2023 | By Atticus Enterprises LLC | F1, F10 |
| transaction | ARES | Class A Common Stock | Sale | -$4.76M | -57.1K | -5.69% | $83.44 | 947K | May 25, 2023 | Direct | F1, F7, F11 |
| transaction | ARES | Class A Common Stock | Sale | -$4.49M | -53.2K | -5.62% | $84.37 | 894K | May 25, 2023 | Direct | F1, F7, F12 |
| 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 | -175K | -1.68% | 10.2M | May 23, 2023 | Class A Common Stock | 175K | By Ares Owners Holdings L.P. | F13, F14 |
| Id | Content |
|---|---|
| F1 | This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $81.88 to $82.87. 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 and footnotes 4, 5, 6, 8, 9, 10, 11 and 12. |
| F3 | The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 150,258 shares of Class A Common Stock previously reported as indirectly held by the reporting person through Ares Owners Holdings L.P. ("AOH"), which shares were transferred to the reporting person or a vehicle controlled by him. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $82.88 to $83.87. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $83.88 to $83.93. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $81.88 to $82.87. |
| F7 | Includes 825,000 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. |
| F8 | The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $83.88 to $83.90. |
| F9 | The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $82.92 to $83.84. |
| F10 | The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $83.92 to $84.75. |
| F11 | The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $82.91 to $83.90. |
| F12 | The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $83.91 to $84.75. |
| F13 | Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. 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. |
| F14 | The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH. |