Filing Details

Names of Reporting Persons

R. Kipp deVeer

Check The Appropriate Box if a Member of a Group (See Instructions)

(a) ¨                   (b) x

Citizenship or Place of Organization

USA

Sole Voting Power

999,761⁽¹⁾

Shared Voting Power

0

Sole Dispositive Power

999,761⁽¹⁾

Shared Dispositive Power

0

Aggregate Amount Beneficially Owned by Each Reporting Person

999,761⁽¹⁾

Percent of Class Represented by Amount in Row (9)

0.57%⁽²⁾

Type of Reporting Person (See Instructions)

IN

Los Angeles, California 90067

Ownership.

The information contained on the cover page to this Schedule 13G is incorporated herein by reference.

The Reporting Person holds 389,658 Class A Shares, 525,557 RSUs, and 84,546 Stock Options. The Reporting Person, together with Bennett Rosenthal, Ryan Berry, Michael J Arougheti, Antony P. Ressler and David B. Kaplan (each, a “Board Member” and collectively, the “Board Members”) manage Ares Partners Holdco LLC (“Ares Partners”). Mr. Ressler generally has veto authority over decisions of the Board Members. Ares Partners is the general partner of Ares Owners Holdings L.P. (“Ares Owners”). Ares Owners directly holds 13,799,109 Class A Shares on behalf of its limited partners and an aggregate of 117,231,288 partnership units of the Ares Operating Group (“AOG Units”) on behalf of its limited partners. Each AOG Unit is exchangeable for one Class A Share, subject to certain restrictions. Ares Owners holds 1,510,409 AOG Units on behalf of the Reporting Person, or on behalf of a vehicle controlled by him, as a limited partner of Ares Owners. The Reporting Person expressly disclaims beneficial ownership of these shares, and any shares that may be acquired upon exchange of the AOG Units, for purposes of Section 13(d) of the Act and the rules thereunder. Based solely on information reported in Statements on Schedule 13G filed by Ares Owners and the other Board Members, the Class A Shares held by Ares Owners, if aggregated with other Class A Shares beneficially owned by each of the individual Board Members, would equal 135,395,774 Class A Shares in the aggregate, including shares that may be acquired upon the exchange of AOG Units held by Ares Owners and Class A Shares that may be acquired by the individual Board Members upon the vesting of RSUs or exercise of Stock Options held by such Board Member, representing 45.89% of the outstanding Class A Shares (based on 173,420,074 outstanding shares and assuming the exchange of such AOG Units and the vesting or exercise, as applicable, of such RSUs and Stock Options).

The percentages reflected on the cover pages to this Schedule 13G are calculated based on (i) an aggregate of 173,420,074 Class A Shares outstanding as of October 31, 2022, as reported in the Issuer’s Form 10-Q filed November 7, 2022, as increased by Class A Shares issuable upon conversion of (ii) 525,557 RSUs, and (iii) 84,546 Stock Options.

The Reporting Person expressly disclaims the existence of, or membership in, a “group” within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder with Ares Owners, Ares Partners, and the other Board Members, as well as beneficial ownership with respect to any Class A Shares beneficially owned by Ares Owners, Ares Partners, or the other Board Members, and neither the filing of this Statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by the Reporting Person that he is the beneficial owner of any of the Class A Shares referred to herein for purposes of Section 13(d) of the Act other than those shares reported on the cover page of this Schedule 13G, and such beneficial ownership is expressly disclaimed by the Reporting Person.

R. KIPP deVEER

/s/ R. Kipp deVeer