Ares Management (NYSE: ARES) director Judy Olian buys 480 shares

Rhea-AI Filing Summary

Ares Management Corp director Judy D. Olian purchased additional shares of the company’s Class A Common Stock in the open market. On this Form 4, she reports buying 480 shares at a price of $124.43 per share. After this transaction, she directly owns 29,734 shares of Class A Common Stock. This total includes 1,166 restricted units granted under an equity incentive plan, each of which converts into one share upon vesting on the schedule set in the related award agreement.

Insider Trade Summary

Net Buyer: 480 shares ($59,726)

Net Buy 1 txn

Insider Olian Judy D.

Role Director

Bought 480 shs ($60K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	480	$124.43	$60K

Holdings After Transaction: Class A Common Stock — 29,734 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Olian Judy D.

(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)
02/20/2026

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	02/20/2026		P		480	A	$124.43	29,734(1)	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. 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	02/24/2026
	** 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 Management Corp (ARES) report for Judy D. Olian?

Ares Management Corp reported that director Judy D. Olian bought 480 shares of Class A Common Stock in an open-market transaction. The Form 4 shows this as a purchase at a price of $124.43 per share, increasing her directly owned position in Ares stock.

At what price did Judy D. Olian buy Ares (ARES) shares in this Form 4?

Judy D. Olian purchased Ares Class A Common Stock at $124.43 per share. The Form 4 characterizes the transaction as an open-market or private purchase, covering a total of 480 shares at this reported price, which increases her direct equity exposure to the company.

How many Ares (ARES) shares does Judy D. Olian own after this transaction?

After the reported purchase, Judy D. Olian directly owns 29,734 shares of Ares Class A Common Stock. This figure includes restricted units granted under an Ares equity incentive plan, which each convert into one share when they vest under their specified award agreement schedule.

What are the restricted units mentioned in Judy D. Olian’s Ares (ARES) Form 4 footnote?

The footnote explains that 1,166 of Judy D. Olian’s holdings are restricted units granted under an equity incentive plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting, in installments, according to the terms of the award agreement.

Is Judy D. Olian’s ownership in Ares (ARES) direct or indirect in this Form 4?

The Form 4 identifies Judy D. Olian’s ownership as direct, marked with code "D" for direct ownership. The reported 29,734 shares, which include 1,166 restricted units, are therefore treated as directly owned holdings rather than being held through an intermediary entity or trust.

What role does Judy D. Olian hold at Ares Management Corp (ARES) according to this filing?

According to the Form 4 data, Judy D. Olian is a director of Ares Management Corp. She is not identified as an officer or a ten percent owner in this filing, and the reported transaction reflects changes in her director-level equity ownership position in the company.