[Form 4] Ares Management Corporation Insider Trading Activity

Rhea-AI Filing Summary

Jacobson Blair, Co-President of Ares Management Corporation (ARES), reported donating 8,000 shares of Class A common stock on 08/11/2025. After the donation, the filing shows the reporting person beneficially owns 860,314 shares, which includes 426,312 restricted units granted under Ares’ equity incentive plan; those restricted units convert to one share each upon vesting and vest in installments under the award agreement. The Form 4 discloses the gift in Table I and includes an explanatory note clarifying the donation and the composition of post-transaction beneficial ownership.

Positive

• Disclosed charitable donation of 8,000 Class A shares, showing transparent reporting of insider transfers
• Substantial retained beneficial ownership of 860,314 shares, which includes 426,312 restricted units that will convert to shares upon vesting

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider disclosed a charitable gift of 8,000 shares while retaining substantial beneficial ownership including restricted units.

The Form 4 documents a non‑sale transaction: 8,000 Class A shares were donated to charity and the reporting person remains a significant holder with 860,314 shares beneficially owned. The filing also clarifies that 426,312 of those units are restricted units that will convert to shares upon vesting in installments under the award agreement. For investors, the transaction is a transfer for charitable purposes rather than a market disposition, and the disclosure preserves transparency about current and potential future dilution from outstanding restricted units.

Corporate Governance Expert

TL;DR: The disclosure is routine and provides clear detail on gift and restricted‑unit composition of holdings.

The Form 4 supplies the required detail: the nature of the transaction (donation), the exact share amount donated (8,000), and an explicit breakdown of beneficial ownership that includes 426,312 restricted units subject to vesting schedules. The filing helps stakeholders assess insider alignment with shareholders because it distinguishes immediately transferable shares from units that vest over time. No departures, option exercises, or other governance events are recorded in this filing.

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

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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^*

Jacobson Blair

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		G		8,000(1)	D	$0	860,314(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. Represents the number of shares of Class A Common Stock which were donated to a charity by the Reporting Person on August 11, 2025.

2. Includes 426,312 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	08/13/2025
	** 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 did the ARES Form 4 filed by Jacobson Blair disclose?

The filing discloses a donation of 8,000 Class A shares to charity and shows 860,314 shares beneficially owned following the transaction.

How many restricted units are included in Jacobson Blair's beneficial ownership on the ARES Form 4?

The filing states 426,312 restricted units are included, each representing the right to receive one share upon vesting.

What was the date of the transaction reported on the ARES Form 4?

The transaction date listed in the Form 4 is 08/11/2025.

What was the nature of the 8,000-share transaction on the ARES Form 4?

The Form 4 explains the 8,000 shares were donated to a charity by the reporting person.

Who is the reporting person and what is their role at Ares?

The reporting person is Jacobson Blair, identified in the filing as Co‑President of Ares Management Corporation.