Michael J. Arougheti - Jun 7, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Co-Founder, CEO and President, Director
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Jun 7, 2023
Transactions value $
-$21,506,604
Form type
4
Date filed
6/9/2023, 04:52 PM
Previous filing
Jun 6, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$16.9M -187K -50.75% $90.40 181K Jun 7, 2023 By Atticus Enterprises LLC F1, F2
transaction ARES Class A Common Stock Sale -$4.64M -50.8K -28.04% $91.34 130K Jun 7, 2023 By Atticus Enterprises LLC F1, F3
holding ARES Class A Common Stock 825K Jun 7, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 June 7, 2023 in multiple transactions at prices ranging from $90.00 to $90.98. 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 footnote 3.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on June 7, 2023 in multiple transactions at prices ranging from $91.00 to $91.82.
F4 Represents 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.