Ares (NYSE: ARES) director adds 10,000 shares at $126.61

Rhea-AI Filing Summary

Ares Management Corporation director Ashish Bhutani reported buying 10,000 shares of Class A Common Stock on February 6, 2026. The weighted average purchase price was $126.61, based on multiple trades between $126.11 and $127.07.

After this purchase, Bhutani beneficially owns 34,071 Class A shares, which includes 1,166 restricted units granted under an equity incentive plan. Each restricted unit converts into one Class A share as it vests over time.

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^*

BHUTANI ASHISH

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/06/2026		P		10,000	A	$126.61(1)	34,071(2)	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. The price reported in Column 4 is a weighted average price. These shares were purchased on February 6, 2026 in multiple transactions at prices ranging from $126.11 to $127.07. 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 purchased at each separate price within the range set forth in this footnote.

2. Includes 1,166 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	02/10/2026
	** 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.

FAQ

What insider transaction did Ares (ARES) report for Ashish Bhutani?

Ares director Ashish Bhutani reported buying 10,000 Class A shares. The purchase occurred on February 6, 2026, at a weighted average price of $126.61 per share, based on multiple trades between $126.11 and $127.07 that day.

At what price did Ashish Bhutani buy Ares (ARES) Class A shares?

Bhutani’s reported weighted average purchase price was $126.61 per share. The filing notes that the 10,000 Class A shares were bought in multiple transactions on February 6, 2026, with individual prices ranging from $126.11 to $127.07.

How many Ares (ARES) shares does Ashish Bhutani own after this Form 4?

After the reported transaction, Bhutani beneficially owns 34,071 Class A shares. This total includes 1,166 restricted units granted under an equity incentive plan, each representing the right to receive one Class A share upon vesting over time.

What are the 1,166 restricted units disclosed in the Ares (ARES) Form 4?

The 1,166 restricted units are equity awards tied to Ares Class A stock. Each restricted unit converts into one Class A share when it vests, with vesting occurring in installments according to the applicable restricted unit award agreement described in the filing.

What role does Ashish Bhutani hold at Ares Management Corp (ARES)?

Ashish Bhutani is identified as a director of Ares Management Corporation. The Form 4 indicates his relationship to the issuer by checking the “Director” box, with no officer or 10% owner status marked in the relationship section of the report.