[144] Ares Management Corporation SEC Filing

Rhea-AI Filing Summary

Ares Management Corporation (ARES) insider sale notice: The filer submitted a Form 144 proposing the sale of 95,701 common shares through Morgan Stanley Smith Barney on the NYSE, with an aggregated market value of $16,867,301.25. The shares were originally acquired as founders' shares on 05/01/2014. The filing also discloses numerous Rule 10b5-1 sales by TJ CAPITAL INVESTORS LLC between 08/20/2025 and 09/08/2025, totaling approximately $316 million in gross proceeds from the listed transactions. The notice includes the required attestation regarding absence of undisclosed material adverse information and reliance on a trading plan where indicated.

Positive

• None.

Negative

• Proposed sale of 95,701 founder shares valued at $16,867,301.25, which may increase selling pressure
• Recent affiliated 10b5-1 sales between 08/20/2025 and 09/08/2025 generated approximately $316 million in gross proceeds, a material amount

Insights

Securities Analyst

TL;DR: Significant affiliate selling disclosed; short-term supply may pressure share price.

The Form 144 shows a proposed sale of 95,701 founder shares valued at about $16.9 million, executed via Morgan Stanley Smith Barney, plus recent Rule 10b5-1 program sales by TJ CAPITAL INVESTORS LLC that generated roughly $316 million in gross proceeds over late August to early September 2025. For investors, the scale and timing of these sales are material because they increase available float and could create short-term downward pressure on the stock. The filer affirms no undisclosed material adverse information and references a trading-plan framework, which suggests some sales were pre-planned rather than opportunistic.

Corporate Governance Expert

TL;DR: Disclosure follows required procedures; reliance on 10b5-1 trading plans noted.

The filing appears procedurally complete: it identifies the class, broker, quantities, acquisition date (founders' shares dated 05/01/2014), and attestation about undisclosed material information. Multiple 10b5-1 sales by an affiliated entity are listed with dates and gross proceeds, indicating use of pre-established plans to liquidate holdings. From a governance perspective, the documentation of plan adoption dates and the explicit attestation are important compliance elements, though the filing does not include the plan adoption date fields in the visible text.

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

Relationship to Issuer

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	95701	16867301.25	215934693	09/09/2025	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	05/01/2014	Founders Shares	ISSUER			95701	05/01/2014	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 TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/08/2025	170341	29942540.98
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/05/2025	176784	31300420.41
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/04/2025	161656	28945331.25
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/03/2025	126499	22359874.69
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	09/02/2025	177929	31781250.95
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/29/2025	101032	18115633.69
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/28/2025	108374	19585685.24
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/27/2025	171686	30943534.34
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/26/2025	196197	35078081.25
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/25/2025	112522	20037388.91
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/22/2025	105394	19144535.54
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/21/2025	63378	11293281.46
10b5-1 Sales for TJ CAPITAL INVESTORS LLC 1800 Avenue of the Stars, Suite 1400 Los Angeles CA 90067	Common	08/20/2025	97971	17477801.07

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)