David B. Kaplan - Nov 25, 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 25, 2024
Transactions value $
-$15,195,297
Form type
4
Date filed
11/26/2024, 09:19 PM
Previous filing
Nov 22, 2024
Next filing
Dec 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$574K -3.29K -2.83% $174.52 113K Nov 25, 2024 By Trently Holdings, LLC F1, F2
transaction ARES Class A Common Stock Sale -$1.61M -9.19K -8.13% $175.62 104K Nov 25, 2024 By Trently Holdings, LLC F1, F3
transaction ARES Class A Common Stock Sale -$2.76M -15.7K -15.09% $176.13 88.2K Nov 25, 2024 By Trently Holdings, LLC F1, F4
transaction ARES Class A Common Stock Sale -$130K -732 -0.83% $177.39 87.5K Nov 25, 2024 By Trently Holdings, LLC F1, F5
transaction ARES Class A Common Stock Sale -$380K -2.17K -2.48% $175.50 85.3K Nov 26, 2024 By Trently Holdings, LLC F1, F6
transaction ARES Class A Common Stock Sale -$771K -4.36K -5.12% $176.75 80.9K Nov 26, 2024 By Trently Holdings, LLC F1, F7
transaction ARES Class A Common Stock Sale -$1.91M -10.7K -13.25% $177.98 70.2K Nov 26, 2024 By Trently Holdings, LLC F1, F8
transaction ARES Class A Common Stock Sale -$7.06M -39.5K -56.3% $178.52 30.7K Nov 26, 2024 By Trently Holdings, LLC F1, F9
holding ARES Class A Common Stock 1.15M Nov 25, 2024 By Ares Owners Holdings L.P. F10
* 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 August 16, 2024 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 25, 2024 in multiple transactions at prices ranging from $173.99 to $174.98. 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 and 9.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on November 25, 2024 in multiple transactions at prices ranging from $175.00 to $175.99.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on November 25, 2024 in multiple transactions at prices ranging from $176.00 to $176.58.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on November 25, 2024 in multiple transactions at prices ranging from $177.00 to $177.99.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2024 in multiple transactions at prices ranging from $175.10 to $176.07.
F7 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2024 in multiple transactions at prices ranging from $176.15 to $177.09.
F8 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2024 in multiple transactions at prices ranging from $177.18 to $178.17.
F9 The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2024 in multiple transactions at prices ranging from $178.18 to $178.83.
F10 The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("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.