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Filing Details

Accession Number:: 0001104659-23-070477
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-12 17:56:31
Reporting Period:: 2023-06-08

Accepted Time:: 2023-06-12 17:56:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1782754	Azek Co Inc.	AZEK	Investment Advice (6282)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1176948	Ares Management Corp	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1259313	Ares Management Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1536937	L.p. Holdings Management Ares	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1543148	Ares Corporate Opportunities Fund Iv, L.p.	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1620263	Ares Partners Holdco Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1620264	Ares Management Gp Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1620272	Acof Operating Manager Iv, Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1669983	Ares Holdco Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No
1761656	Ares Voting Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-06-08	1,050,000	$24.36	6,276,090	No	4	X	Direct
Class A Common Stock	Disposition	2023-06-09	4,886,250	$25.70	1,389,840	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Option (obligation to sell)	Disposition	2023-06-08	1,050,000	$0.00	1,050,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	X	Direct

Footnotes

This statement is being filed by (i) Ares Corporate Opportunities Fund IV, L.P. ("ACOF IV"), (ii) ACOF Operating Manager IV, LLC ("ACOF Operating Manager IV"), (iii) Ares Management LLC, (iv) Ares Management Holdings L.P. ("Ares Management Holdings"), (v) Ares Holdco LLC ("Ares Holdco"), (vi) Ares Management Corporation ("Ares Management"), (vii) Ares Voting LLC ("Ares Voting"), (viii) Ares Management GP LLC ("Ares Management GP") and (ix) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons").
Ares Partners in the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is the sole member of ACOF Operating Manager IV, LLC, which is the manager of ACOF IV.
Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp de Veer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.
Disposition pursuant to an underwriting agreement, dated May 16, 2023 (the "Underwriting Agreement"), and in connection with the registered public offering of shares of Class A Common Stock pursuant to the final prospectus dated May 16, 2023 and filed with the U.S. Securities and Exchange Commission on May 18, 2023 pursuant to Rule 424(b)(7) under the Securities Act of 1933, as amended, which offering was consummated on May 16, 2023 (the "Offering"). The Underwriting Agreement granted the underwriter an option to purchase an additional 1,050,000 shares of Class A Common Stock from ACOF IV at the same price as the sale price to the underwriter in the Offering within 30 days from the date of Underwriting Agreement (the "Option"). On June 8, 2023, the underwriter exercised the Option in full.
Each of the Reporting Persons, other than ACOF IV, and the Board Members, and the other directors, officers, partners, equity holders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Class A Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.