Ashish Bhutani - 11 Mar 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Director
Signature: /s/ Naseem Sagati Aghili, by power of attorney
Issuer symbol: ARES
Transactions as of: 11 Mar 2025
Net transactions value: +$1,413,300
Form type: 4
Filing time: 13 Mar 2025, 20:14:14 UTC
Previous filing: 05 Aug 2024
Next filing: 04 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARES	Class A Common Stock	Purchase	$1,413,300	+10,000	+77%	$141.33	22,905	11 Mar 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased on March 11, 2025 in multiple transactions at prices ranging from $141.00 to $141.49. 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 purchased at each separate price within the range set forth in this footnote.
F2	Includes 1,173 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.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased on March 11, 2025 in multiple transactions at prices ranging from $141.00 to $141.49. 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 purchased at each separate price within the range set forth in this footnote.

Includes 1,173 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.