Ares (ARES) insider files Form 144 for 533,796-share sale valued at $100.2M

Rhea-AI Filing Summary

Ares Management Corporation (ARES) Form 144 notice reports a proposed sale of 533,796 common shares through Morgan Stanley Smith Barney on 08/18/2025 with an aggregate market value of $100,236,212.88. The shares were acquired as Founders Shares from the issuer on 05/02/2014. The filing also lists 10b5-1 sales by ATTICUS ENTERPRISES LLC during the past three months on 05/19/2025, 05/20/2025, 05/21/2025, and 08/15/2025 with individual gross proceeds shown. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plan language.

Positive

• Full regulatory disclosure of proposed sale including broker, share count, and aggregate market value
• Inclusion of 10b5-1 sales history for transparency about recent insider dispositions
• Acquisition details provided (Founders Shares acquired 05/02/2014 from the issuer)

Negative

• Large aggregate market value of proposed sale: $100,236,212.88, indicating significant insider liquidity
• Multiple recent 10b5-1 sales by ATTICUS ENTERPRISES LLC in May and August 2025 with substantial gross proceeds

Insights

Securities Analyst

TL;DR: Insider notice discloses a substantial proposed sale and recent systematic 10b5-1 transactions, providing transparency but signaling share disposition.

The filing explicitly details a proposed sale of 533,796 common shares with an aggregate market value of $100,236,212.88 to be executed through Morgan Stanley Smith Barney on 08/18/2025. It confirms the shares were acquired as founders shares on 05/02/2014. The record of multiple 10b5-1 sales by ATTICUS ENTERPRISES LLC in May and August 2025 and the certification regarding material nonpublic information are important for investors monitoring insider liquidity and planned dispositions.

Corporate Governance Expert

TL;DR: Filing shows standard Rule 144 notice and 10b5-1 activity; it is a routine disclosure of insider share sales.

The notice follows Rule 144 requirements, naming broker, share amounts, and acquisition details. It documents founders shares acquired from the issuer on 05/02/2014 and references prior 10b5-1 executions with specific dates and gross proceeds. The signature representation that no material undisclosed information exists is included, consistent with compliance norms for planned insider sales.

FAQ

What shares does the ARES Form 144 propose to sell?

The notice proposes sale of 533,796 common shares through Morgan Stanley Smith Barney on 08/18/2025.

What is the aggregate market value of the proposed sale on Form 144?

The filing lists an aggregate market value of $100,236,212.88 for the proposed sale.

When and how were the shares being sold originally acquired?

The shares were acquired as Founders Shares from the issuer on 05/02/2014.

Does the filing show recent insider sales by related parties?

Yes. The filing lists 10b5-1 sales by ATTICUS ENTERPRISES LLC on 05/19/2025, 05/20/2025, 05/21/2025, and 08/15/2025 with gross proceeds shown for each transaction.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, New York, NY.

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Accepted by SEC EDGAR 08/18/2025 - 04:42 PM Learn about SEC filing dates

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	0001304471
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ARES MANAGEMENT CORP
SEC File Number	001-36429
Address of Issuer	1800 Avenue of the Stars, Suite 1400 Los Angeles CALIFORNIA 90067
Phone	3102014100
Name of Person for Whose Account the Securities are To Be Sold	ATTICUS ENTERPRISES LLC
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	Director
Relationship to Issuer	Officer

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	533796	100236212.88	215934693	08/18/2025	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	05/02/2014	Founders Shares	Issuer			533796	05/02/2014	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 ATTICUS ENTERPRISES LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/15/2025	56204	10604975.39
10b5-1 Sales for ATTICUS ENTERPRISES LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	05/21/2025	107500	17344361.75
10b5-1 Sales for ATTICUS ENTERPRISES LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	05/20/2025	150000	24955305.00
10b5-1 Sales for ATTICUS ENTERPRISES LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	05/19/2025	93184	15735646.62

144: Remarks and Signature

Remarks
Date of Notice	08/18/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/13/2024
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	/s/ Michael Arougheti
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)