Ares Management (NYSE: ARES) CEO logs insider stock sales, 1.4M restricted units

Rhea-AI Filing Summary

Ares Management Corporation reported insider transactions by its Co‑Founder and CEO, filed as a Form 4. Through an entity he controls, Atticus Enterprises LLC, the reporting person sold multiple blocks of Class A common stock on November 26, November 28, and December 1, 2025, at weighted average prices ranging from about $152 to $159 per share. These sales reduced Atticus Enterprises LLC’s indirect holdings of Ares Class A shares to zero.

The filing also notes that the reporting person holds 1,400,000 restricted units granted under an Ares equity incentive plan. Each restricted unit represents the right to receive one share of Class A common stock upon vesting, in line with the applicable restricted unit award agreement. The stock sales were executed under a Rule 10b5‑1 trading plan adopted on December 13, 2024.

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).

X

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^*

Arougheti Michael J

(Last) (First) (Middle)

1800 AVENUE OF THE STARS

SUITE 1400

(Street)

LOS ANGELES CA 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Founder and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/26/2025		S(1)		1,499	D	$152.83(2)	289,498	I	By Atticus Enterprises LLC
Class A Common Stock	11/26/2025		S(1)		19,332	D	$153.87(3)	270,166	I	By Atticus Enterprises LLC
Class A Common Stock	11/26/2025		S(1)		114,469	D	$154.6(4)	155,697	I	By Atticus Enterprises LLC
Class A Common Stock	11/26/2025		S(1)		767	D	$155.16(5)	154,930	I	By Atticus Enterprises LLC
Class A Common Stock	11/28/2025		S(1)		13,495	D	$154.95(6)	141,435	I	By Atticus Enterprises LLC
Class A Common Stock	11/28/2025		S(1)		31,726	D	$155.81(7)	109,709	I	By Atticus Enterprises LLC
Class A Common Stock	11/28/2025		S(1)		53,452	D	$156.66(8)	56,257	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		1,878	D	$153.5(9)	54,379	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		2,737	D	$154.35(10)	51,642	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		5,400	D	$155.62(11)	46,242	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		31,266	D	$157.61(12)	14,976	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		14,067	D	$158.08(13)	909	I	By Atticus Enterprises LLC
Class A Common Stock	12/01/2025		S(1)		909	D	$158.95(14)	0	I	By Atticus Enterprises LLC
Class A Common Stock								1,400,000(15)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 13, 2024 by the reporting person, or a vehicle controlled by him.

2. The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $152.12 to $153.10. 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 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 14.

3. The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $153.12 to $154.11.

4. The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $154.12 to $155.11.

5. The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $155.12 to $155.21.

6. The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $154.26 to $155.21.

7. The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $155.26 to $156.25.

8. The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $156.26 to $157.11.

9. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $152.83 to $153.81.

10. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $153.83 to $154.53.

11. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $155.01 to $155.75.

12. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $156.89 to $157.86.

13. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $157.90 to $158.89.

14. The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $158.90 to $158.99.

15. Represents 1,400,000 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.

Remarks:

	/s/ Anton Feingold, by power of attorney	12/01/2025
	** 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.

FAQ

What insider transaction did Ares Management (ARES) disclose in this Form 4?

The Form 4 discloses that the Co‑Founder and CEO, through Atticus Enterprises LLC, sold multiple blocks of Class A common stock on November 26, November 28, and December 1, 2025.

At what prices were Ares Management (ARES) shares sold by the CEO’s entity?

The filing reports weighted average prices for the sales, with transactions occurring in ranges from approximately $152.12 to $158.99 per share on the specified dates.

How many Ares Management (ARES) shares does Atticus Enterprises LLC own after these transactions?

After the reported sales, Atticus Enterprises LLC’s indirect ownership of Ares Class A common stock is shown as 0 shares in the table.

What is the 1,400,000 figure mentioned in the Ares Management (ARES) Form 4?

The 1,400,000 figure represents restricted units granted under an Ares equity incentive plan, each convertible into one share of Class A common stock upon vesting.

Are the Ares Management (ARES) insider sales linked to a Rule 10b5-1 plan?

Yes. The filing states that the transactions were effected under a Rule 10b5‑1 trading plan adopted on December 13, 2024 by the reporting person or a controlled vehicle.

How are the reported Ares Management (ARES) sale prices calculated?

For each line item, the price in Column 4 is a weighted average price for multiple trades within a stated price range on that date, as detailed in the footnotes.

What role does the reporting person hold at Ares Management (ARES)?

The reporting person is identified as a Director and an Officer of Ares Management Corporation, serving as Co‑Founder and CEO.