Ashish Bhutani - Aug 15, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Director
Signature: /s/ Anton Feingold, by power of attorney
Stock symbol: ARES
Transactions as of: Aug 15, 2023
Transactions value $: $980,800
Form type: 4
Date filed: 8/17/2023, 08:27 PM
Previous filing: Jul 31, 2023
Next filing: Aug 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARES	Class A Common Stock	Purchase	$981K	+10K	+577.37%	$98.08	11.7K	Aug 15, 2023	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 purchased on August 15, 2023 in multiple transactions at prices ranging from $98.02 to $98.10. 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 purchased at each separate price within the range set forth in this footnote.
F2	Includes 1,732 restricted units granted under the Ares Management Corporation 2023 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 purchased on August 15, 2023 in multiple transactions at prices ranging from $98.02 to $98.10. 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 purchased at each separate price within the range set forth in this footnote.

Includes 1,732 restricted units granted under the Ares Management Corporation 2023 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.