Michael R. McFerran - Jun 1, 2021 Form 4 Insider Report for Ares Management Corp (ARES)

Role: COO & CFO
Signature: /s/ Naseem Sagati Aghili, by power of attorney
Stock symbol: ARES
Transactions as of: Jun 1, 2021
Transactions value $: -$5,523,000
Form type: 4
Date filed: 6/3/2021, 09:05 PM
Next filing: Jun 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARES	Class A Common Stock	Sale	-$5.52M	-100K	-10.39%	$55.23	863K	Jun 1, 2021	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 sold on June 1, 2021 in multiple transactions at prices ranging from $55.12 to $55.30. 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 range set forth in this footnote.
F2	Includes 817,421 restricted units granted under the Ares Management Corporation Third Amended and Restated Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. These 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 sold on June 1, 2021 in multiple transactions at prices ranging from $55.12 to $55.30. 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 range set forth in this footnote.

Includes 817,421 restricted units granted under the Ares Management Corporation Third Amended and Restated Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.