Ryan Berry - Nov 1, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Chief Mktg. & Strategy Officer
Signature: /s/ Naseem Sagati Aghili, by power of attorney
Stock symbol: ARES
Transactions as of: Nov 1, 2023
Transactions value $: -$6,303,579
Form type: 4
Date filed: 11/3/2023, 09:01 PM
Previous filing: Sep 18, 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	Tax liability	-$6.3M	-62K	-15.13%	$101.71	348K	Nov 1, 2023	Direct	F1, F2
holding	ARES	Class A Common Stock						2.7K	Nov 1, 2023	By Retirement Savings Plan
holding	ARES	Class A Common Stock						7.39K	Nov 1, 2023	By Spouse's SEP IRA
holding	ARES	Class A Common Stock						420K	Nov 1, 2023	By Reporting Person and Spouse as joint tenants with right of survivorship
holding	ARES	Class A Common Stock						5K	Nov 1, 2023	By IRA

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under an equity plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F2	Includes 240,932 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.

Content

Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under an equity plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

Includes 240,932 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.