Ares (ARES) General Counsel reports multiple planned stock sales in Form 4

Q: Who is the insider in this Ares (ARES) Form 4 filing and what is their role?

The insider is Sagati Aghili Naseem , who serves as General Counsel of Ares Management Corporation and is an officer but not a director or 10% owner.

Q: How many Ares (ARES) shares did the General Counsel sell on January 22, 2026?

The General Counsel reported selling 1,249 , 400 , and 200 shares of Ares Class A common stock in three separate transactions on January 22, 2026 .

Q: At what prices were the Ares (ARES) shares sold in this Form 4?

The reported weighted average sale prices were $161.36 for 1,249 shares, $162.28 for 400 shares, and $163.94 for 200 shares, each reflecting multiple trades within stated price ranges.

Q: What portion of the General Counsel’s Ares (ARES) holdings are restricted units?

A footnote explains that the holdings include 154,872 restricted units , each representing the right to receive one share of Class A common stock upon vesting under an equity incentive plan.

Q: What additional price details are disclosed for the Ares (ARES) insider sales?

Footnotes state the reported prices are weighted averages , with underlying trades on January 22, 2026 executed in ranges from $160.92 to $161.89 , $162.16 to $162.57 , and $163.57 to $164.31 .

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Ares Management Corporation’s General Counsel, Sagati Aghili Naseem, reported planned share sales under a Rule 10b5-1 trading plan. On January 22, 2026, the insider sold 1,249, 400, and 200 shares of Class A common stock in three separate transactions at weighted average prices of $161.36, $162.28, and $163.94, respectively. The prices reflect multiple trades within narrow ranges on that date.

After these sales, the reporting person beneficially owned 254,671 shares of Class A common stock in total. This amount includes 154,872 restricted units granted under Ares Management Corporation’s equity incentive plan, each representing the right to receive one share of Class A common stock upon vesting in accordance with the applicable award agreement.

Insider Trade Summary

Net Seller: 1,849 shares ($299,239)

Net Sell 3 txns

Insider Sagati Aghili Naseem

Role General Counsel

Sold 1,849 shs ($299K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,249	$161.36	$202K
Sale	Class A Common Stock	400	$162.28	$65K
Sale	Class A Common Stock	200	$163.94	$33K

Holdings After Transaction: Class A Common Stock — 255,271 shares (Direct)

Footnotes (1)

This transaction was effected pursuant to a 10b5-1 trading plan adopted on June 11, 2025 by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $160.92 to $161.89. 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 ranges set forth in this footnote and footnotes 4 and 5. Includes 154,872 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $162.16 to $162.57. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $163.57 to $164.31.

Form 4 Insider Transactions: What Each Field Means →

01/26/2026 - 06:22 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sagati Aghili Naseem

(Last)

(First)

(Middle)

1800 AVENUE OF THE STARS

SUITE 1400

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Ares Management Corp [ ARES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/22/2026		S⁽¹⁾		1,249⁽²⁾	D	$161.36	255,271⁽³⁾	D
Class A Common Stock	01/22/2026		S⁽¹⁾		400⁽⁴⁾	D	$162.28	254,871⁽³⁾	D
Class A Common Stock	01/22/2026		S⁽¹⁾		200⁽⁵⁾	D	$163.94	254,671⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a 10b5-1 trading plan adopted on June 11, 2025 by the reporting person.

2. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $160.92 to $161.89. 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 ranges set forth in this footnote and footnotes 4 and 5.

3. Includes 154,872 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

4. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $162.16 to $162.57.

5. The price reported in Column 4 is a weighted average price. These shares were sold on January 22, 2026 in multiple transactions at prices ranging from $163.57 to $164.31.

Remarks:

	/s/ Naseem Sagati Aghili	01/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

Who is the insider in this Ares (ARES) Form 4 filing and what is their role?

The insider is Sagati Aghili Naseem, who serves as General Counsel of Ares Management Corporation and is an officer but not a director or 10% owner.

How many Ares (ARES) shares did the General Counsel sell on January 22, 2026?

The General Counsel reported selling 1,249, 400, and 200 shares of Ares Class A common stock in three separate transactions on January 22, 2026.

At what prices were the Ares (ARES) shares sold in this Form 4?

The reported weighted average sale prices were $161.36 for 1,249 shares, $162.28 for 400 shares, and $163.94 for 200 shares, each reflecting multiple trades within stated price ranges.

Was the Ares (ARES) insider sale made under a trading plan?

Yes. A footnote states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on June 11, 2025 by the reporting person.

How many Ares (ARES) shares does the General Counsel own after these transactions?

Following the reported sales, the General Counsel beneficially owned 254,671 shares of Ares Class A common stock.

What portion of the General Counsel’s Ares (ARES) holdings are restricted units?

A footnote explains that the holdings include 154,872 restricted units, each representing the right to receive one share of Class A common stock upon vesting under an equity incentive plan.

What additional price details are disclosed for the Ares (ARES) insider sales?

Footnotes state the reported prices are weighted averages, with underlying trades on January 22, 2026 executed in ranges from $160.92 to $161.89, $162.16 to $162.57, and $163.57 to $164.31.