Key facts
- This page summarizes David B. Kaplan's Form 4 filing for Ares Management Corp (ARES).
- 7 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 17 Aug 2023, 20:21.
David B. Kaplan - 15 Aug 2023 Form 4 Insider Report for Ares Management Corp (ARES)
- Reporting relationship
- Co-Founder, Director
- Issuer ticker
- ARES
- Reported as of
- 15 Aug 2023
- Net transaction value
- -$19,669,549
- SEC form
- 4
- Accepted by SEC
- 17 Aug 2023, 20:21:39 UTC
- Prior SEC filing
- 21 Apr 2023
- Next SEC filing
- 07 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Anton Feingold, by power of attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David B. Kaplan filed Form 4 for Ares Management Corp (ARES) on 17 Aug 2023.
Change
- Previous filing in this sequence was filed on 21 Apr 2023.
- Current net transaction value: -$19,669,549.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ARES
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +500,000
- Change %
- Price
- $0.000000
- Shares after
- 500,000
- Date
- 15 Aug 2023
- Ownership
- By Trently Holdings, LLC
ARES
transaction
Class A Common Stock
Sale
- Transaction value
- $11,304,391
- Shares
- -115,575
- Change %
- -23%
- Price
- $97.81
- Shares after
- 384,425
- Date
- 15 Aug 2023
- Ownership
- By Trently Holdings, LLC
- Footnotes
- F1, F2
ARES
transaction
Class A Common Stock
Sale
- Transaction value
- $4,436,783
- Shares
- -44,884
- Change %
- -12%
- Price
- $98.85
- Shares after
- 339,541
- Date
- 15 Aug 2023
- Ownership
- By Trently Holdings, LLC
- Footnotes
- F1, F3
ARES
transaction
Class A Common Stock
Sale
- Transaction value
- $2,930,927
- Shares
- -29,321
- Change %
- -8.6%
- Price
- $99.96
- Shares after
- 310,220
- Date
- 15 Aug 2023
- Ownership
- By Trently Holdings, LLC
- Footnotes
- F1, F4
ARES
transaction
Class A Common Stock
Sale
- Transaction value
- $27,614
- Shares
- -274
- Change %
- -0.09%
- Price
- $100.78
- Shares after
- 309,946
- Date
- 15 Aug 2023
- Ownership
- By Trently Holdings, LLC
- Footnotes
- F1, F5
ARES
transaction
Class A Common Stock
Sale
- Transaction value
- $969,834
- Shares
- -9,946
- Change %
- -3.2%
- Price
- $97.51
- Shares after
- 300,000
- Date
- 16 Aug 2023
- Ownership
- By Trently Holdings, LLC
- Footnotes
- F1, F6
ARES
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,180,052
- Date
- 15 Aug 2023
- Ownership
- By Ares Owners Holdings L.P.
- Footnotes
- F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ARES
transaction
Derivative
Ares Operating Group Units
Conversion of derivative security
- Transaction value
- Shares
- -500,000
- Change %
- -5%
- Price
- Shares after
- 9,421,596
- Date
- 15 Aug 2023
- Ownership
- By Ares Owners Holdings L.P.
- Underlying class
- Class A Common Stock
- Underlying amount
- 500,000
- Exercise price
- Footnotes
- F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 9 footnotes
Footnote F1
This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.
Footnote F2
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.33 to $98.31. 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 3, 4, 5 and 6.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.33 to $99.32.
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.33 to $100.31.
Footnote F5
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.70 to $100.82.
Footnote F6
The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2023 in multiple transactions at prices ranging from $97.18 to $97.86.
Footnote F7
The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.
Footnote F8
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.
Footnote F9
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.