Antony P. Ressler - Feb 1, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Feb 1, 2023
Transactions value $
-$21,985,318
Form type
4
Date filed
2/3/2023, 07:39 PM
Previous filing
Nov 15, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$2.15M -25.3K -3.42% $85.19 713K Feb 1, 2023 By TJ Capital Investors, LLC F1, F2, F3
transaction ARES Class A Common Stock Sale -$11.8M -138K -19.41% $85.33 574K Feb 2, 2023 By TJ Capital Investors, LLC F1, F4
transaction ARES Class A Common Stock Sale -$8.6K -100 -0.02% $86.00 574K Feb 2, 2023 By TJ Capital Investors, LLC F1
transaction ARES Class A Common Stock Sale -$8.02M -94.2K -16.41% $85.13 480K Feb 3, 2023 By TJ Capital Investors, LLC F1, F5
holding ARES Class A Common Stock 11.4M Feb 1, 2023 By Ares Owners Holdings L.P. F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on February 1, 2023 in multiple transactions at prices ranging from $85.00 to $85.38. 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 and footnotes 4 and 5.
F3 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale represents 600,000 shares of Class A Common Stock previously reported as indirectly held by the reporting person through Ares Owners Holdings L.P. ("AOH"), which shares were transferred to the reporting person or a vehicle controlled by him.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on February 2, 2023 in multiple transactions at prices ranging from $85.00 to $85.95.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on February 3, 2023 in multiple transactions at prices ranging from $85.00 to $85.62.
F6 The reporting person or a vehicle controlled by him is a limited partner in 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.