[Form 4] Ares Management Corporation Insider Trading Activity

Rhea-AI Filing Summary

Anton P. Ressler, Co-Founder and Executive Chairman of Ares Management Corp (ARES), reported multiple sales of Class A common stock executed September 3–5, 2025 pursuant to a 10b5-1 trading plan. The filing lists a series of dispositions at weighted-average prices from about $175 to $181, with individual blocks reported and a total of 464,939 shares sold across the transactions. Following the reported sales, the filing shows Mr. Resslers indirect beneficial ownership in Class A shares at 400,578 shares and an additional 2,235,625 shares held indirectly by Ares Owners Holdings L.P.

The form is a routine Section 16 disclosure showing planned insider sales under a pre-established plan rather than ad hoc trades; prices and per-day ranges are provided in footnotes for those transactions.

Positive

• Transactions executed under a 10b5-1 trading plan, indicating pre-established compliance with insider trading rules
• Detailed price ranges provided in footnotes for each block, improving transparency about execution prices

Negative

• Large aggregate disposition of 464,939 shares across September 35, which materially reduced the reporting person's direct/indirect holdings
• Indirect beneficial ownership fell to 400,578 shares after the reported sales (in addition to 2,235,625 shares held indirectly by Ares Owners Holdings L.P.)

Insights

Securities Analyst

TL;DR: Large insider sales (464,939 shares) were executed under a 10b5-1 plan; routine disclosure with transparent price ranges.

The filing documents systematic dispositions by the reporting person over three trading days under a pre-established 10b5-1 plan adopted May 21, 2025. The report provides weighted-average prices and ranges for each block, enabling precise reconstruction of execution bands. From an investor-disclosure perspective, this is a clean, compliant submission that reduces the reporting person's indirect stake to 400,578 shares while confirming substantial additional holdings via Ares Owners Holdings L.P.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance best practices: insider used a documented trading plan and provided granular price-range footnotes.

The checkmark indicating the 10b5-1 plan and the detailed footnotes showing price ranges for each trade suggest the transactions followed an established framework to avoid issues related to insider timing. The form is signed by an attorney-in-fact and includes explicit indirect ownership disclosures, providing clarity on the source and extent of beneficial ownership post-transactions.

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)
09/03/2025

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	09/03/2025		S(1)		48,781	D	$175.55(2)	816,736	I	By TJ Capital Investors, LLC
Class A Common Stock	09/03/2025		S(1)		38,867	D	$176.53(3)	777,869	I	By TJ Capital Investors, LLC
Class A Common Stock	09/03/2025		S(1)		13,591	D	$177.68(4)	764,278	I	By TJ Capital Investors, LLC
Class A Common Stock	09/03/2025		S(1)		21,360	D	$178.84(5)	742,918	I	By TJ Capital Investors, LLC
Class A Common Stock	09/03/2025		S(1)		3,900	D	$179.5(6)	739,018	I	By TJ Capital Investors, LLC
Class A Common Stock	09/04/2025		S(1)		11,442	D	$176.9(7)	727,576	I	By TJ Capital Investors, LLC
Class A Common Stock	09/04/2025		S(1)		34,709	D	$177.64(8)	692,867	I	By TJ Capital Investors, LLC
Class A Common Stock	09/04/2025		S(1)		18,221	D	$178.63(9)	674,646	I	By TJ Capital Investors, LLC
Class A Common Stock	09/04/2025		S(1)		97,284	D	$179.89(10)	577,362	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		17,400	D	$175.67(11)	559,962	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		55,570	D	$176.61(12)	504,392	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		95,204	D	$177.3(13)	409,188	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		3,000	D	$178.88(14)	406,188	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		3,764	D	$180.31(15)	402,424	I	By TJ Capital Investors, LLC
Class A Common Stock	09/05/2025		S(1)		1,846	D	$181.2(16)	400,578	I	By TJ Capital Investors, LLC
Class A Common Stock								2,235,625	I	By Ares Owners Holdings L.P.(17)

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 September 3, 2025 in multiple transactions at prices ranging from $175.04 to $176.03. 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, 7, 8, 9 and 10.

3. The price reported in Column 4 is a weighted average price. These shares were sold on September 3, 2025 in multiple transactions at prices ranging from $176.04 to $177.00.

4. The price reported in Column 4 is a weighted average price. These shares were sold on September 3, 2025 in multiple transactions at prices ranging from $177.07 to $178.04.

5. The price reported in Column 4 is a weighted average price. These shares were sold on September 3, 2025 in multiple transactions at prices ranging from $178.37 to $179.36.

6. The price reported in Column 4 is a weighted average price. These shares were sold on September 3, 2025 in multiple transactions at prices ranging from $179.37 to $179.58.

7. The price reported in Column 4 is a weighted average price. These shares were sold on September 4, 2025 in multiple transactions at prices ranging from $176.17 to $177.16.

8. The price reported in Column 4 is a weighted average price. These shares were sold on September 4, 2025 in multiple transactions at prices ranging from $177.17 to $178.14.

9. The price reported in Column 4 is a weighted average price. These shares were sold on September 4, 2025 in multiple transactions at prices ranging from $178.18 to $179.12.

10. The price reported in Column 4 is a weighted average price. These shares were sold on September 4, 2025 in multiple transactions at prices ranging from $179.33 to $180.14.

11. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $175.00 to $175.99.

12. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $176.00 to $176.99.

13. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $177.00 to $177.95.

14. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $178.37 to $179.35.

15. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $179.73 to $180.72.

16. The price reported in Column 4 is a weighted average price. These shares were sold on September 5, 2025 in multiple transactions at prices ranging from $180.74 to $181.54.

17. 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	09/05/2025
	** 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?

Answer: He reported multiple sales of Class A common stock on September 35 under a 10b5-1 plan, totaling 464,939 shares sold at weighted-average prices between about $175 and $181.

Were the sales disclosed by ARES's reporting person part of a 10b5-1 trading plan?

Answer: Yes. The filer checked the box indicating the transactions were made pursuant to a 10b5-1 plan adopted May 21, 2025.

What is Anton P. Resslers beneficial ownership after these transactions?

Answer: The filing shows 400,578 shares indirectly owned by the reporting person following the reported transactions and 2,235,625 shares indirectly held by Ares Owners Holdings L.P.

Over what dates were the reported ARES share sales executed?

Answer: The transactions were executed on September 3, 4 and 5, 2025.

What price information did the Form 4 provide for the ARES sales?

Answer: The form lists weighted-average prices for each block and footnotes giving execution price ranges per day, approximately from $175.00 to $181.54.