R. Kipp deVeer - Feb 14, 2024 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Feb 14, 2024
Transactions value $
-$28,760,439
Form type
4
Date filed
2/16/2024, 08:44 PM
Previous filing
Feb 2, 2024
Next filing
Jul 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$11.3M -82.8K -6.23% $136.47 1.25M Feb 14, 2024 Direct F1, F2
transaction ARES Class A Common Stock Sale -$5.56M -41.1K -3.3% $135.28 1.2M Feb 15, 2024 Direct F2, F3
transaction ARES Class A Common Stock Sale -$944K -6.94K -0.58% $136.00 1.2M Feb 15, 2024 Direct F2, F4
transaction ARES Class A Common Stock Sale -$55.1K -403 -0.03% $136.69 1.2M Feb 15, 2024 Direct F2, F5
transaction ARES Class A Common Stock Sale -$6.21M -46K -3.84% $135.02 1.15M Feb 16, 2024 Direct F2, F6
transaction ARES Class A Common Stock Sale -$4.7M -34.7K -3.01% $135.55 1.12M Feb 16, 2024 Direct F2, F7
* 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 February 14, 2024 in multiple transactions at prices ranging from $135.94 to $136.85. 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 3, 4, 5, 6 and 7.
F2 Includes 1,075,000 restricted units granted under 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold on February 15, 2024 in multiple transactions at prices ranging from $134.65 to $135.65.
F4 The price reported in Column 4 is a weighted average price. These shares were sold on February 15, 2024 in multiple transactions at prices ranging from $135.65 to $136.58.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on February 15, 2024 in multiple transactions at prices ranging from $136.66 to $136.76.
F6 The price reported in Column 4 is a weighted average price. These shares were sold on February 16, 2024 in multiple transactions at prices ranging from $134.28 to $135.27.
F7 The price reported in Column 4 is a weighted average price. These shares were sold on February 16, 2024 in multiple transactions at prices ranging from $135.28 to $136.10.