1. Title of Derivate Security
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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3A. Deemed Execution Date, if any (Month/Day/Year)
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4. Transaction Code
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
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8. Price of Derivative Security
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
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11. Nature of Indirect Beneficial Ownership
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expriation Date
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Title
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Amount or Number of Shares
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(*)
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If the form is filed by more than one reporting person, see Instruction 5(b)(v).
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(**)
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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(1)
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This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 16, 2024 by the reporting person, or a vehicle controlled by him.
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(2)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $144.13 to $145.10. 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 and 8.
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(3)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $145.15 to $146.14.
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(4)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $146.16 to $146.35.
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(5)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2024 in multiple transactions at prices ranging from $144.14 to $145.13.
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(6)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2024 in multiple transactions at prices ranging from $145.14 to $145.85.
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(7)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2024 in multiple transactions at prices ranging from $143.95 to $144.92.
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(8)
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The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2024 in multiple transactions at prices ranging from $145.43 to $145.48.
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(9)
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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.
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(10)
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Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, 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.
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(11)
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The reporting person or a vehicle controlled by him is a limited partner in 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.
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Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.