Ryan Berry - Nov 11, 2024 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Mktg. & Strategy Officer
Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Nov 11, 2024
Transactions value $
-$292,425
Form type
4
Date filed
11/12/2024, 06:52 PM
Previous filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$292K -1.67K -0.66% $175.00 253K Nov 11, 2024 Direct F1, F2, F3
holding ARES Class A Common Stock 2.7K Nov 11, 2024 By Retirement Savings Plan
holding ARES Class A Common Stock 7.39K Nov 11, 2024 By Spouse's SEP IRA
holding ARES Class A Common Stock 293K Nov 11, 2024 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5K Nov 11, 2024 By IRA
* 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 June 6, 2024 by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on November 11, 2024 in multiple transactions at prices ranging from $175.00 to $175.01. 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.
F3 Includes 201,702 restricted units granted under 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.