Michael J. Arougheti - Nov 20, 2024 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Nov 20, 2024
Transactions value $
-$13,454,008
Form type
4
Date filed
11/22/2024, 08:01 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$437K -2.57K -1.33% $170.04 191K Nov 20, 2024 By Atticus Enterprises LLC F1, F2
transaction ARES Class A Common Stock Sale -$2.28M -13.4K -6.99% $171.00 178K Nov 20, 2024 By Atticus Enterprises LLC F1, F3
transaction ARES Class A Common Stock Sale -$1.7M -9.92K -5.58% $171.66 168K Nov 20, 2024 By Atticus Enterprises LLC F1, F4
transaction ARES Class A Common Stock Sale -$110K -638 -0.38% $171.90 167K Nov 21, 2024 By Atticus Enterprises LLC F1, F5
transaction ARES Class A Common Stock Sale -$138K -800 -0.48% $172.69 166K Nov 21, 2024 By Atticus Enterprises LLC F1, F6
transaction ARES Class A Common Stock Sale -$279K -1.6K -0.96% $174.14 165K Nov 21, 2024 By Atticus Enterprises LLC F1, F7
transaction ARES Class A Common Stock Sale -$4.41M -25.2K -15.29% $175.28 139K Nov 21, 2024 By Atticus Enterprises LLC F1, F8
transaction ARES Class A Common Stock Sale -$890K -5.06K -3.63% $175.94 134K Nov 21, 2024 By Atticus Enterprises LLC F1, F9
transaction ARES Class A Common Stock Sale -$799K -4.56K -3.39% $175.07 130K Nov 22, 2024 By Atticus Enterprises LLC F1, F10
transaction ARES Class A Common Stock Sale -$2.18M -12.4K -9.57% $175.62 117K Nov 22, 2024 By Atticus Enterprises LLC F1, F11
transaction ARES Class A Common Stock Sale -$219K -1.24K -1.06% $176.53 116K Nov 22, 2024 By Atticus Enterprises LLC F1, F12
holding ARES Class A Common Stock 1.38M Nov 20, 2024 Direct F13
* 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 14, 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 November 20, 2024 in multiple transactions at prices ranging from $169.47 to $170.44. 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 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on November 20, 2024 in multiple transactions at prices ranging from $170.48 to $171.47.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on November 20, 2024 in multiple transactions at prices ranging from $171.48 to $171.89.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on November 21, 2024 in multiple transactions at prices ranging from $171.39 to $172.30.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on November 21, 2024 in multiple transactions at prices ranging from $172.58 to $173.16.
F7 The price reported in Column 4 is a weighted average price. These shares were sold on November 21, 2024 in multiple transactions at prices ranging from $173.74 to $174.69.
F8 The price reported in Column 4 is a weighted average price. These shares were sold on November 21, 2024 in multiple transactions at prices ranging from $174.79 to $175.78.
F9 The price reported in Column 4 is a weighted average price. These shares were sold on November 21, 2024 in multiple transactions at prices ranging from $175.79 to $176.27.
F10 The price reported in Column 4 is a weighted average price. These shares were sold on November 22, 2024 in multiple transactions at prices ranging from $174.31 to $175.30.
F11 The price reported in Column 4 is a weighted average price. These shares were sold on November 22, 2024 in multiple transactions at prices ranging from $175.31 to $176.30.
F12 The price reported in Column 4 is a weighted average price. These shares were sold on November 22, 2024 in multiple transactions at prices ranging from $176.32 to $176.78.
F13 Represents 1,375,000 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.