Naseem Sagati Aghili - 01 Oct 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role
General Counsel
Signature
/s/ Naseem Sagati Aghili
Issuer symbol
ARES
Transactions as of
01 Oct 2025
Net transactions value
-$3,275,370
Form type
4
Filing time
03 Oct 2025, 20:38:25 UTC
Previous filing
12 Sep 2025
Next filing
11 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sagati Aghili Naseem General Counsel 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES /s/ Naseem Sagati Aghili 03 Oct 2025 0001779014

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale $767,224 -4,971 -1.8% $154.34 271,426 01 Oct 2025 Direct F1, F2, F3
transaction ARES Class A Common Stock Sale $500,850 -3,218 -1.2% $155.64 268,208 01 Oct 2025 Direct F1, F3, F4
transaction ARES Class A Common Stock Sale $1,550,404 -9,908 -3.7% $156.48 258,300 01 Oct 2025 Direct F1, F3, F5
transaction ARES Class A Common Stock Sale $441,080 -2,803 -1.1% $157.36 255,497 01 Oct 2025 Direct F1, F3, F6
transaction ARES Class A Common Stock Sale $15,812 -100 -0.04% $158.12 255,397 01 Oct 2025 Direct F1, F3
* 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 11, 2025 by the reporting person, or a vehicle controlled by her.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on October 1, 2025 in multiple transactions at prices ranging from $153.95 to $154.87. 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 4, 5 and 6.
F3 Includes 155,098 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on October 1, 2025 in multiple transactions at prices ranging from $154.97 to $155.96.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on October 1, 2025 in multiple transactions at prices ranging from $155.97 to $156.96.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on October 1, 2025 in multiple transactions at prices ranging from $157.01 to $157.72.