Insider Rule 144 Sale Filed for 21,000 ARES Shares on NYSE

Rhea-AI Filing Summary

Form 144 notice for proposed sale of common stock. The filing reports a proposed sale of 21,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $3,357,690 and approximately 215,934,693 shares outstanding. The approximate sale date is 10/01/2025 on the NYSE. The shares were acquired as Restricted Stock Units on 05/01/2017 and the same 21,000 shares were reported sold under a Rule 10b5-1 plan on 09/10/2025 by Naseem Saghati Aghili for gross proceeds of $3,746,242.50. The filer attests there is no undisclosed material information.

Positive

• Transaction executed under a Rule 10b5-1 plan (09/10/2025 sale reported for 21,000 shares)
• Securities were acquired as Restricted Stock Units on 05/01/2017, indicating long-held insider shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider-originated shares from 2017 RSUs were sold under a 10b5-1 plan; proposed additional sale is scheduled for 10/01/2025.

The filing documents a planned sale of 21,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $3,357,690, and shows prior 10b5-1 sales of 21,000 shares on 09/10/2025 generating $3,746,242.50. Acquisition records indicate the shares originated as Restricted Stock Units on 05/01/2017. For investors, this is a routine insider liquidity event disclosed under Rule 144 and Rule 10b5-1; the filing contains no additional operational or financial information about the issuer.

Corporate Governance Expert

TL;DR: The notice is a standard compliance filing showing a planned Rule 144 sale and a prior 10b5-1 execution.

The document reflects procedural compliance: identification of broker, share count, market value, acquisition type (RSUs dated 05/01/2017) and a representation regarding undisclosed material information. The presence of a dated 10b5-1 sale record indicates use of an established trading plan. The filing itself contains no governance actions, leadership changes, or material disclosures beyond the securities transactions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	21000	3357690.00	215934693	10/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/2017	Restricted Stock Units	Issuer			21000	05/01/2017	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for NASEEM SAGATI AGHILI 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/10/2025	21000	3746242.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for ARES disclose about the proposed sale?

The form discloses a proposed sale of 21,000 common shares via Morgan Stanley Smith Barney LLC with an aggregate market value of $3,357,690, approximate sale date 10/01/2025 on the NYSE.

Who previously sold shares related to this filing and when?

A prior Rule 10b5-1 sale by Naseem Saghati Aghili of 21,000 shares occurred on 09/10/2025 for gross proceeds of $3,746,242.50.

How were the shares being sold originally acquired?

The shares were acquired as Restricted Stock Units on 05/01/2017, totaling 21,000 shares.

What broker is handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

How many shares outstanding does the filing list for the issuer?

The filing lists 215,934,693 shares outstanding for the issuer.