| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Sale | $3,734,841 | -35,648 | -7.4% | $104.77 | 449,013 | 14 Sep 2023 | Direct | F1, F2, F3 |
| transaction | ARES | Class A Common Stock | Sale | $457,526 | -4,352 | -0.97% | $105.13 | 444,661 | 14 Sep 2023 | Direct | F1, F3, F4 |
| transaction | ARES | Class A Common Stock | Sale | $1,299,705 | -12,466 | -2.8% | $104.26 | 432,195 | 15 Sep 2023 | Direct | F1, F3, F5 |
| transaction | ARES | Class A Common Stock | Sale | $2,362,239 | -22,534 | -5.2% | $104.83 | 409,661 | 15 Sep 2023 | Direct | F1, F3, F6 |
| holding | ARES | Class A Common Stock | 2,700 | 14 Sep 2023 | By Retirement Savings Plan | ||||||
| holding | ARES | Class A Common Stock | 7,387 | 14 Sep 2023 | By Spouse's SEP IRA | ||||||
| holding | ARES | Class A Common Stock | 420,151 | 14 Sep 2023 | By Reporting Person and Spouse as joint tenants with right of survivorship | ||||||
| holding | ARES | Class A Common Stock | 5,003 | 14 Sep 2023 | By IRA |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction was effected pursuant to a 10b5-1 trading plan adopted on June 15, 2023 by the reporting person. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold on September 14, 2023 in multiple transactions at prices ranging from $104.03 to $105.02. 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 ranges set forth in this footnote and footnotes 4, 5 and 6. |
| F3 | Includes 365,932 restricted units granted pursuant to an equity incentive plan of Ares Management Corporation. 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. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold on September 14, 2023 in multiple transactions at prices ranging from $105.03 to $105.23. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold on September 15, 2023 in multiple transactions at prices ranging from $103.64 to $104.63. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold on September 15, 2023 in multiple transactions at prices ranging from $104.64 to $105.28. |