Michael J. Arougheti - 18 Dec 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Reporting relationship: Co-Founder and CEO, Director
Issuer ticker: ARES
Reported as of: 18 Dec 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 19 Dec 2025, 19:59:05 UTC
Prior SEC filing: 01 Dec 2025
Next SEC filing: 03 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Anton Feingold, by power of attorney

Key filing fact

Michael J. Arougheti filed Form 4 for Ares Management Corp (ARES) on 19 Dec 2025.

Key facts

This page summarizes Michael J. Arougheti's Form 4 filing for Ares Management Corp (ARES).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 19 Dec 2025, 19:59.

Change

Previous filing in this sequence was filed on 01 Dec 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001304471 Primary reporting owner

Arougheti Michael J

Relationship: Co-Founder and CEO, Director
Address: 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES
Signature: /s/ Anton Feingold, by power of attorney
Signature date: 19 Dec 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ARES transaction Derivative

Ares Operating Group Units

Gift

Transaction value: $0
Shares: -425,000
Change %: -5.9%
Price: $0.000000
Shares after: 6,826,596
Date: 18 Dec 2025
Ownership: By Ares Owners Holdings L.P.
Underlying class: Class A Common Stock
Underlying amount: 425,000
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Pursuant to the terms of the Sixth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of May 8, 2025, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

Footnote F2

Represents the number of AOG Units which were donated to a charity by the Reporting Person on December 18, 2025.

Footnote F3

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 AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.