[144] Ares Management Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Ares Management Corporation (ARES) reports a proposed sale of 300,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $54,081,000 and approximately 215,934,693 shares outstanding. The shares were acquired as founders shares on 05/01/2014 and the approximate date of sale is 08/29/2025. The filing also lists multiple recent 10b5-1 plan sales by TJ CAPITAL INVESTORS LLC between 08/20/2025 and 08/28/2025, with daily sale amounts and gross proceeds disclosed for each date.

Positive

• Clear regulatory disclosure of the proposed sale including broker, share count, market value, and acquisition history
• Documentation of acquisition date and nature (founders shares acquired 05/01/2014) providing provenance for the securities
• Listing of recent 10b5-1 sales with dates, amounts, and gross proceeds increases transparency about executed dispositions

Negative

• Large founder share sale planned: 300,000 shares with aggregate market value of $54,081,000 could increase short-term supply
• Multiple recent 10b5-1 sales by TJ CAPITAL INVESTORS LLC across 08/20/2025–08/28/2025 totaling substantial proceeds, which may signal significant insider/affiliate liquidity
• No stated purpose for the sale is provided in the filing (the document contains the required representations but does not disclose use of proceeds or ongoing intentions)

Insights

Financial Analyst

TL;DR: The filing discloses a sizable founder share sale and multiple recent 10b5-1 executions; disclosure is clear but sales could affect float and near-term supply.

The Form 144 shows a proposed disposition of 300,000 common shares valued at $54.08 million against an outstanding share count of 215.93 million, representing a visible transfer of founder-held equity. The filing cleanly documents acquisition date (05/01/2014) and nature (founders shares), and lists broker details and planned sale date. The record of seven 10b5-1 sales by TJ CAPITAL INVESTORS LLC from 08/20/2025 through 08/28/2025 provides transparent transaction-level data including amounts and gross proceeds. From a market-impact perspective, while the filing does not state purpose or beneficiary, the disclosed volumes and values are material enough to increase tradable supply in the short term.

Corporate Governance Expert

TL;DR: Recurrent large insider and affiliated-plan sales raise governance and signaling concerns despite formal compliance with Rule 144 and 10b5-1 documentation.

The notice identifies founder-origin shares and repeated 10b5-1 plan executions by an affiliated investor, TJ CAPITAL INVESTORS LLC, over consecutive trading days with multi-million-dollar proceeds. Although the filing includes required representations about absence of undisclosed material information and documents the plan reliance, the pattern of concentrated sales from insiders/affiliates is noteworthy for shareholders assessing insider alignment with long-term interests. The filing itself is compliant and informative but suggests further monitoring of insider dispositions and any related disclosures.

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	300000	54081000.00	215934693	08/29/2025	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			300000	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	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)

FAQ

What does the Form 144 filed for ARES disclose?

The filing discloses a proposed sale of 300,000 common shares (aggregate market value $54,081,000), acquired as founders shares on 05/01/2014, with an approximate sale date of 08/29/2025.

Who is the broker handling the proposed ARES sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.

Were there any recent sales by related parties disclosed?

Yes. The filing lists multiple 10b5-1 sales by TJ CAPITAL INVESTORS LLC from 08/20/2025 to 08/28/2025, with daily amounts and gross proceeds provided for each date.

What type of shares are being sold and when were they acquired?

The securities are Common shares acquired as Founders Shares on 05/01/2014.

Does the Form 144 indicate compliance with Rule 10b5-1?

The filing references reliance on Rule 10b5-1 for prior sales (the 10b5-1 sales are listed), and includes the required representation that the seller does not possess undisclosed material information.