Filing Details

Accession Number:
0001628280-23-029916
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-17 20:25:12
Reporting Period:
2023-08-15
Accepted Time:
2023-08-17 20:25:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1176948 Ares Management Corp ARES Investment Advice (6282) 954656677
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1304465 Bennett Rosenthal 2000 Avenue Of The Stars
12Th Floor
Los Angeles CA 90067
Co-Founder & Chairman Of Peg 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 2023-08-15 500,000 $0.00 500,000 No 4 C Indirect By BAR Holdings, LLC
Class A Common Stock Disposition 2023-08-15 109,063 $97.78 390,937 No 4 S Indirect By BAR Holdings, LLC
Class A Common Stock Disposition 2023-08-15 54,994 $98.83 335,943 No 4 S Indirect By BAR Holdings, LLC
Class A Common Stock Disposition 2023-08-15 37,861 $99.92 298,082 No 4 S Indirect By BAR Holdings, LLC
Class A Common Stock Disposition 2023-08-15 571 $100.41 297,511 No 4 S Indirect By BAR Holdings, LLC
Class A Common Stock Disposition 2023-08-16 47,511 $97.51 250,000 No 4 S Indirect By BAR Holdings, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect By BAR Holdings, LLC
No 4 S Indirect By BAR Holdings, LLC
No 4 S Indirect By BAR Holdings, LLC
No 4 S Indirect By BAR Holdings, LLC
No 4 S Indirect By BAR Holdings, LLC
No 4 S Indirect By BAR 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 2023-08-15 500,000 $0.00 500,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
9,421,596 No 4 C Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 1,105,052 Indirect By Ares Owners Holdings L.P.
Footnotes
  1. This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.
  2. The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.29 to $98.28. 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 and 6.
  3. The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.29 to $99.28.
  4. The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.31 to $100.28.
  5. The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.31 to $100.59.
  6. The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2023 in multiple transactions at prices ranging from $97.14 to $97.85.
  7. 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.
  8. Pursuant to the terms of the Fifth Amended and Restated 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.
  9. 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 Units that he has a right to receive as a limited partner in AOH.