Jarrod Phillips - 01 Jul 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Chief Financial Officer
Signature: /s/ Naseem Sagati Aghili, by power of attorney
Issuer symbol: ARES
Transactions as of: 01 Jul 2025
Net transactions value: -$451,328
Form type: 4
Filing time: 03 Jul 2025, 18:19:18 UTC
Previous filing: 04 Feb 2025
Next filing: 22 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Phillips Jarrod	Chief Financial Officer	1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES	/s/ Naseem Sagati Aghili, by power of attorney	03 Jul 2025	0001832049

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARES	Class A Common Stock	Tax liability	$451,328	-2,583	-1.1%	$174.73	242,348	01 Jul 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock 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.
F2	Includes 180,407 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

Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock 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.

Includes 180,407 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.