[Form 4] Ares Management Corporation Insider Trading Activity

Rhea-AI Filing Summary

Anton P. Ressler, Co-Founder and Executive Chairman of Ares Management and a director and 10% owner, reported a gift of 700,000 Class A common shares on August 12, 2025 to a charitable foundation of which he is a trustee. The shares reported as gifted were previously held by Ares Owners Holdings L.P., the direct holder, in which the reporting person or a vehicle controlled by him is a limited partner. The transaction is coded as a gift and reported at a price of $0. Following the reported transfer, the reporting person retains indirect beneficial ownership of 4,235,625 Class A shares through Ares Owners Holdings L.P. The Form 4 discloses the nature of indirect ownership and the source of the gifted shares without indicating any exercise of derivative instruments.

Insights

Corporate Governance Expert

TL;DR: Insider reported a sizeable charitable gift but retains significant indirect ownership; disclosure appears compliant and non-dilutive.

The filing documents a 700,000-share gift from shares held by Ares Owners Holdings L.P. to a charitable foundation where the reporting person is a trustee, and shows 4,235,625 shares remain indirectly beneficially owned. From a governance perspective, the disclosure clarifies direct versus indirect holdings and uses the appropriate transaction code for a gift. There is no indication of derivative activity or a change in control. This is a routine Section 16 disclosure of an insider transfer rather than an operational or capital event for the company.

Securities Compliance Specialist

TL;DR: Form 4 reports a gift (code G) at $0 and identifies the indirect ownership vehicle, consistent with Section 16 reporting obligations.

The form lists the transaction as a gift with a $0 price and explains the shares were held by Ares Owners Holdings L.P., of which the reporting person or a vehicle controlled by him is a limited partner. The explanation clarifies that the gifted shares were those AOH held on behalf of the reporting person or related vehicle. The filing content focuses on beneficial ownership disclosure and does not show exercised options or convertible transactions. This appears to be a compliance-driven disclosure rather than a market-moving corporate event.

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^*

RESSLER ANTONY P

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Founder & Exec. Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		G		700,000(1)	D	$0	4,235,625	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 August 12, 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	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 transaction did the ARES Form 4 report?

The Form 4 reports a gift of 700,000 Class A common shares from shares held by Ares Owners Holdings L.P.

When was the gift transaction executed for ARES insider Antony P. Ressler?

The reported transaction date is August 12, 2025.

Who received the gifted shares in the ARES Form 4?

The shares were gifted to a charitable foundation of which the reporting person is a trustee.

How many ARES shares does the reporting person beneficially own after the transfer?

After the reported gift, the reporting person retains indirect beneficial ownership of 4,235,625 Class A shares through Ares Owners Holdings L.P.

What transaction code and price are reported on the Form 4?

The transaction is coded as a gift (G) and reported at a price of $0.