Naseem Sagati - Aug 28, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
General Counsel
Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Aug 28, 2023
Transactions value $
-$1,201,642
Form type
4
Date filed
8/30/2023, 07:33 PM
Previous filing
May 23, 2023
Next filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Options Exercise $563K +29.6K +12.18% $19.00 273K Aug 28, 2023 Direct F1
transaction ARES Class A Common Stock Tax liability -$1.76M -17.5K -6.42% $100.79 255K Aug 28, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARES Options (Right to Buy) Options Exercise $0 -29.6K -100% $0.00* 0 Aug 28, 2023 Class A Common Stock 29.6K $19.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 155,086 restricted units granted pursuant to 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.
F2 The options are fully vested as of May 1, 2019.