Antony P. Ressler - Mar 25, 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
Mar 25, 2024
Transactions value $
-$5,716,556
Form type
4
Date filed
3/26/2024, 08:14 PM
Previous filing
Mar 22, 2024
Next filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Sale -$1.5M -11.2K -59.51% $133.75 7.65K Mar 25, 2024 By TJ Capital Investors, LLC F1, F2, F3
transaction ARES Class A Common Stock Sale -$1.03M -7.65K -100% $134.27 0 Mar 25, 2024 By TJ Capital Investors, LLC F1, F4
transaction ARES Class A Common Stock Sale -$3.07M -22.9K -96.33% $133.91 873 Mar 26, 2024 By TJ Capital Investors, LLC F1, F5, F6
transaction ARES Class A Common Stock Sale -$118K -873 -100% $134.74 0 Mar 26, 2024 By TJ Capital Investors, LLC F1, F7
holding ARES Class A Common Stock 7.77M Mar 25, 2024 By Ares Owners Holdings L.P. F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 15, 2023 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 March 25, 2024 in multiple transactions at prices ranging from $133.01 to $134.00. 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 ranges set forth in this footnote and footnotes 4, 5 and 7.
F3 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 18,881 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 March 25, 2024 in multiple transactions at prices ranging from $134.01 to $134.76.
F5 The price reported in Column 4 is a weighted average price. These shares were sold on March 26, 2024 in multiple transactions at prices ranging from $133.45 to $134.44.
F6 The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 23,796 shares of Class A Common Stock previously reported as indirectly held by the reporting person through AOH, which shares were transferred to the reporting person or a vehicle controlled by him.
F7 The price reported in Column 4 is a weighted average price. These shares were sold on March 26, 2024 in multiple transactions at prices ranging from $134.45 to $135.08.
F8 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.