Filing Details
- Accession Number:
- 0001628280-24-037824
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-08-19 21:35:47
- Reporting Period:
- 2024-08-15
- Accepted Time:
- 2024-08-19 21:35:47
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1176948 | Ares Management Corp | ARES | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1025976 | B David Kaplan | 1800 Avenue Of The Stars Suite 1400 Los Angeles CA 90067 | Co-Founder | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2024-08-15 | 250,000 | $0.00 | 250,000 | No | 4 | C | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-15 | 1,200 | $144.39 | 248,800 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-15 | 20,668 | $145.61 | 228,132 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-15 | 5,200 | $146.21 | 222,932 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-16 | 17,596 | $144.87 | 205,336 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-16 | 3,552 | $145.32 | 201,784 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-19 | 10,113 | $144.43 | 191,671 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Class A Common Stock | Disposition | 2024-08-19 | 337 | $145.45 | 191,334 | No | 4 | S | Indirect | By Trently Holdings, LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
| No | 4 | S | Indirect | By Trently Holdings, LLC |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Ares Operating Group Units | Disposition | 2024-08-15 | 250,000 | $0.00 | 250,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,671,596 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 1,180,052 | Indirect | By Ares Owners Holdings L.P. |
Footnotes
- This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 16, 2024 by the reporting person, or a vehicle controlled by him.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $144.01 to $144.52. 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 3, 4, 5, 6, 7 and 8.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $145.03 to $146.02.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2024 in multiple transactions at prices ranging from $146.03 to $146.40.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2024 in multiple transactions at prices ranging from $144.09 to $145.08.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2024 in multiple transactions at prices ranging from $145.09 to $145.85.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2024 in multiple transactions at prices ranging from $143.93 to $144.87.
- The price reported in Column 4 is a weighted average price. These shares were sold on August 19, 2024 in multiple transactions at prices ranging from $145.43 to $145.48.
- The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stockindirectly 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.
- Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.
- The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Unitsthat he has a right to receive as a limited partner in AOH.
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