Antony P. Ressler - Apr 3, 2024 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Apr 3, 2024
Transactions value $
-$53,128,742
Form type
4
Date filed
4/5/2024, 08:16 PM
Previous filing
Apr 2, 2024
Next filing
Apr 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$571K -4.34K -9.44% $131.49 41.6K Apr 3, 2024 By TJ Capital Investors, LLC F1, F2, F3
transaction ARES Class A Common Stock Sale -$5.12M -38.7K -93.03% $132.13 2.9K Apr 3, 2024 By TJ Capital Investors, LLC F1, F4
transaction ARES Class A Common Stock Sale -$385K -2.9K -100% $132.83 0 Apr 3, 2024 By TJ Capital Investors, LLC F1, F5
transaction ARES Class A Common Stock Sale -$14.7M -111K -62.48% $132.27 67K Apr 4, 2024 By TJ Capital Investors, LLC F1, F6, F7
transaction ARES Class A Common Stock Sale -$7.03M -52.9K -78.95% $132.93 14.1K Apr 4, 2024 By TJ Capital Investors, LLC F1, F8
transaction ARES Class A Common Stock Sale -$1.88M -14.1K -100% $133.64 0 Apr 4, 2024 By TJ Capital Investors, LLC F1, F9
transaction ARES Class A Common Stock Sale -$2.92M -22.2K -12.66% $131.78 153K Apr 5, 2024 By TJ Capital Investors, LLC F1, F10, F11
transaction ARES Class A Common Stock Sale -$2.12M -16K -10.48% $132.53 137K Apr 5, 2024 By TJ Capital Investors, LLC F1, F12
transaction ARES Class A Common Stock Sale -$9.58M -71.7K -52.32% $133.72 65.3K Apr 5, 2024 By TJ Capital Investors, LLC F1, F13
transaction ARES Class A Common Stock Sale -$8.77M -65.3K -100% $134.25 0 Apr 5, 2024 By TJ Capital Investors, LLC F1, F14
holding ARES Class A Common Stock 7.2M Apr 3, 2024 By Ares Owners Holdings L.P. F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 15, 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 April 3, 2024 in multiple transactions at prices ranging from $130.72 to $131.71. 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, 6, 8, 9, 10, 12, 13 and 14.
F3 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 45,984 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 April 3, 2024 in multiple transactions at prices ranging from $131.72 to $132.71.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on April 3, 2024 in multiple transactions at prices ranging from $132.72 to $133.00.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on April 4, 2024 in multiple transactions at prices ranging from $131.53 to $132.52.
F7 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 178,465 shares of Class A Common Stock previously reported as indirectly held by the reporting person through AOH, which shares were transferred to the reporting person or a vehicle controlled by him.
F8 The price reported in Column 4 is a weighted average price. These shares were sold on April 4, 2024 in multiple transactions at prices ranging from $132.53 to $133.52.
F9 The price reported in Column 4 is a weighted average price. These shares were sold on April 4, 2024 in multiple transactions at prices ranging from $133.53 to $133.89.
F10 The price reported in Column 4 is a weighted average price. These shares were sold on April 5, 2024 in multiple transactions at prices ranging from $131.04 to $132.03.
F11 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 175,152 shares of Class A Common Stock previously reported as indirectly held by the reporting person through AOH, which shares were transferred to the reporting person or a vehicle controlled by him.
F12 The price reported in Column 4 is a weighted average price. These shares were sold on April 5, 2024 in multiple transactions at prices ranging from $132.04 to $133.03.
F13 The price reported in Column 4 is a weighted average price. These shares were sold on April 5, 2024 in multiple transactions at prices ranging from $133.05 to $134.04.
F14 The price reported in Column 4 is a weighted average price. These shares were sold on April 5, 2024 in multiple transactions at prices ranging from $134.05 to $134.79.
F15 The reporting person or a vehicle controlled by him is a limited partner in 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.