Ares Management Corp (ARES) co-founder reports 40,000-share charitable gift

Rhea-AI Filing Summary

Ares Management Corp director and Co-Founder reports charitable gift of shares

Ares Management Corp insider, identified as a director and Co-Founder, reported a gift of 40,000 shares of Class A Common Stock on December 16, 2025. The transaction is coded "G", indicating a bona fide gift, and was executed at a reported price of $0 per share because gifts are non-sale transfers.

The shares were previously held indirectly through Ares Owners Holdings L.P., which held the stock on behalf of the reporting person or a controlled vehicle, and were gifted to a charitable foundation where the reporting person serves as a trustee. Following this transaction, the reporting person indirectly beneficially owns 985,052 shares of Class A Common Stock through Ares Owners Holdings L.P. as a limited partner.

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
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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^*

KAPLAN DAVID B

(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

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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	12/16/2025		G		40,000(1)	D	$0	985,052	I	By Ares Owners Holdings L.P.(2)

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. Represents the number of shares of Class A Common Stock previously held by Ares Owners Holdings L.P ("AOH") on behalf of the reporting person or a vehicle controlled by him, which were gifted on December 16, 2025 to a charitable foundation of which the reporting person is a trustee.

2. The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.

Remarks:

	/s/ Anton Feingold, by power of attorney	12/18/2025
	** 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 Corp (ARES) disclose in this Form 4?

The filing reports that a director and Co-Founder of Ares Management Corp made a bona fide gift of 40,000 shares of Class A Common Stock on December 16, 2025.

What type of transaction is a code "G" in the Ares (ARES) Form 4?

Transaction code "G" designates a bona fide gift. In this case, 40,000 Class A Common shares previously held indirectly were gifted, with a reported price of $0 per share.

How many Ares Management Corp (ARES) shares does the insider report owning after the gift?

After the reported gift, the insider beneficially owns 985,052 shares of Ares Management Corp Class A Common Stock, held indirectly through Ares Owners Holdings L.P..

How were the gifted Ares (ARES) shares held before the transaction?

The 40,000 gifted shares were previously held by Ares Owners Holdings L.P. (AOH) on behalf of the reporting person or a controlled vehicle, reflecting the insider’s limited partner interest in AOH.

Who received the gifted Ares Management Corp (ARES) shares?

The shares were gifted to a charitable foundation of which the reporting person is a trustee, as described in the explanation of responses.

Does the Ares (ARES) Form 4 indicate direct or indirect ownership after the gift?

The Form 4 indicates the 985,052 Class A shares are held with indirect beneficial ownership, through a limited partnership interest in Ares Owners Holdings L.P.