[Form 4] Ares Management Corporation Insider Trading Activity

Rhea-AI Filing Summary

Anton P. Ressler, a co-founder, executive chairman and 10% owner of Ares Management Corp (ARES), reported a series of sales of Class A common stock executed under a 10b5-1 trading plan adopted May 21, 2025. Between August 27–28, 2025 he disposed of 280,060 shares in multiple transactions at weighted-average prices ranging from about $179 to $181.72 per share. Post-transactions, the filing shows indirect beneficial ownership positions reported as 1,144,478 and 2,235,625 shares held through affiliated vehicles.

Positive

• Sales executed under a 10b5-1 trading plan, indicating pre-established instructions and reducing concerns of opportunistic trading
• Detailed disclosure of weighted-average prices and share counts improves transparency for investors

Negative

• Significant insider disposals totaling 280,060 shares over two days, which reduce the reporting person's stake available through the reported vehicles
• Complex indirect ownership structure (TJ Capital Investors, LLC and Ares Owners Holdings L.P.) may make it harder for some investors to assess ultimate economic exposure

Insights

Securities Analyst

TL;DR: Insider sold 280,060 ARES shares under a pre-established 10b5-1 plan; disclosure reduces uncertainty about timing.

The sales were executed under a documented 10b5-1 plan, which indicates the transactions followed a pre-set schedule rather than opportunistic trading. The aggregate shares sold (280,060) and reported weighted-average prices ($~179–$181.72) are clearly disclosed, and the filing identifies multiple indirect holdings through TJ Capital Investors, LLC and Ares Owners Holdings L.P. For investors, the filing is routine disclosure of insider liquidity rather than evidence of company-specific operational changes.

Corporate Governance Expert

TL;DR: Transactions comply with Rule 10b5-1; transparency is positive, but insider sales are material to monitor.

The reporting person is an officer, director and large owner; use of a 10b5-1 plan reduces concerns about contemporaneous material nonpublic information. The filing lists indirect ownership through controlled vehicles, which is important for understanding economic exposure. While procedural and compliant, the size of the disposals warrants attention from governance-minded investors tracking insider liquidity and alignment.

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).

X

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)
08/27/2025

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	08/27/2025		S(1)		26,220	D	$179.49(2)	1,398,318	I	By TJ Capital Investors, LLC
Class A Common Stock	08/27/2025		S(1)		103,465	D	$180.22(3)	1,294,853	I	By TJ Capital Investors, LLC
Class A Common Stock	08/27/2025		S(1)		42,001	D	$180.72(4)	1,252,852	I	By TJ Capital Investors, LLC
Class A Common Stock	08/28/2025		S(1)		52,852	D	$180.39(5)	1,200,000	I	By TJ Capital Investors, LLC
Class A Common Stock	08/28/2025		S(1)		54,522	D	$181.02(6)	1,145,478	I	By TJ Capital Investors, LLC
Class A Common Stock	08/28/2025		S(1)		1,000	D	$181.72(7)	1,144,478	I	By TJ Capital Investors, LLC
Class A Common Stock								2,235,625	I	By Ares Owners Holdings L.P.(8)

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. This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 21, 2025 by the reporting person, or a vehicle controlled by him.

2. The price reported in Column 4 is a weighted average price. These shares were sold on August 27, 2025 in multiple transactions at prices ranging from $178.63 to $179.61. 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 sold at each separate price within the ranges set forth in this footnote and footnotes 3, 4, 5, 6 and 7.

3. The price reported in Column 4 is a weighted average price. These shares were sold on August 27, 2025 in multiple transactions at prices ranging from $179.63 to $180.63.

4. The price reported in Column 4 is a weighted average price. These shares were sold on August 27, 2025 in multiple transactions at prices ranging from $180.63 to $180.91.

5. The price reported in Column 4 is a weighted average price. These shares were sold on August 28, 2025 in multiple transactions at prices ranging from $179.63 to $180.63.

6. The price reported in Column 4 is a weighted average price. These shares were sold on August 28, 2025 in multiple transactions at prices ranging from $180.63 to $181.61.

7. The price reported in Column 4 is a weighted average price. These shares were sold on August 28, 2025 in multiple transactions at prices ranging from $181.71 to $181.74.

8. The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("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	08/28/2025
	** 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 Anton P. Ressler report on Form 4 for ARES?

The filing reports sales of 280,060 Class A shares executed on August 27–28, 2025 under a 10b5-1 trading plan with weighted-average prices roughly between $179 and $181.72.

Were the transactions part of a 10b5-1 plan for ARES insider sales?

Yes. The filing states the transactions were effected pursuant to a 10b5-1 trading plan adopted May 21, 2025.

How many shares did the reporting person sell and at what approximate prices?

He sold an aggregate of 280,060 shares with weighted-average prices reported between approximately $178.63 and $181.74 across multiple transactions.

What beneficial ownership remains after the reported transactions?

The filing shows indirect beneficial ownership positions reported as 1,144,478 and 2,235,625 shares held through affiliated vehicles.

Does the Form 4 explain the indirect ownership?

Yes. The filing explains the reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P., the direct holder of the shares, and lists holdings through TJ Capital Investors, LLC.