Ares Management (ARES) co-founder Ressler reports 109.4M-share, 33.1% stake

Rhea-AI Filing Summary

Antony P. Ressler reports beneficial ownership of 109,435,458 Ares Management Corporation Class A common shares, representing 33.1% of the class. This includes 2,325,153 shares over which he has sole voting and dispositive power, held by a charitable foundation he trustees.

He reports shared voting and dispositive power over 107,110,305 shares, consisting of 4,281,729 Class A shares and 102,828,576 AOG Units in Ares Holdings L.P., each convertible one-for-one into Class A shares, all held by Ares Owners Holdings L.P. The percentage is based on 227,372,228 Class A shares outstanding as of June 30, 2026, plus the shares issuable upon AOG Unit conversion.

Key Figures

Beneficially owned shares: 109,435,458 Class A shares Ownership percentage: 33.1% Sole voting/dispositive power: 2,325,153 Class A shares +5 more

8 metrics

Beneficially owned shares 109,435,458 Class A shares Total beneficial ownership reported by Antony P. Ressler

Ownership percentage 33.1% Percent of Ares Management Class A common stock

Sole voting/dispositive power 2,325,153 Class A shares Held by a charitable foundation for which he serves as trustee

Shared voting/dispositive power 107,110,305 shares Includes Class A shares and AOG Units held by Ares Owners Holdings L.P.

AOG Units 102,828,576 units Partnership units convertible one-for-one into Class A shares

Shares outstanding baseline 227,372,228 Class A shares Shares outstanding as of June 30, 2026, used to calculate ownership percentage

Aggregated Board Members’ holdings 112,079,605 Class A shares If Ares Owners’ shares are aggregated with other Board Members’ beneficial holdings

RSUs to Board Members 2,125,000 Class A shares Issuable upon vesting of restricted stock units to certain Board Members

Key Terms

AOG Units, beneficially owned, limited partners, restricted stock units, +2 more

6 terms

AOG Units financial

"102,828,576 partnership units of Ares Holdings L.P., which are convertible one for one into Class A Shares"

beneficially owned financial

"Amount beneficially owned: See response to row 9 on the cover page hereto"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

limited partners financial

"The limited partners of Ares Owners have the right to receive dividends"

Limited partners are investors who provide most of the capital to an investment partnership but do not run its day-to-day business; they have liability only up to the amount they invested. Think of them as silent backers who hire a manager to make decisions and share in profits or losses; their importance to investors lies in shaping how much money a fund can deploy, the risk and return profile they receive, and the liquidity and fees associated with that investment.

restricted stock units financial

"2,125,000 Class A Shares issuable to certain of the Board Members upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

percent of class financial

"The percent of class is calculated based on 227,372,228 Class A Shares outstanding"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Sole Voting Power financial

"5 | Sole Voting Power 2,325,153.00 6 | Shared Voting Power 107,110,305.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

What percentage of Ares Management (ARES) does Antony P. Ressler report owning?

Antony P. Ressler reports beneficial ownership of 33.1% of Ares Management Class A common stock. This is based on 227,372,228 shares outstanding plus 102,828,576 shares issuable upon conversion of AOG Units held by Ares Owners Holdings L.P.

How many Ares Management (ARES) shares does Antony P. Ressler beneficially own?

He reports beneficial ownership of 109,435,458 Ares Management Class A shares. This total includes directly and indirectly held Class A shares and 102,828,576 AOG Units that are convertible one-for-one into Class A shares, subject to certain restrictions.

What are AOG Units mentioned in the Ares Management (ARES) ownership filing?

AOG Units are partnership units of Ares Holdings L.P. that are convertible one-for-one into Ares Management Class A shares, subject to certain restrictions. Ares Owners Holdings L.P. holds 102,828,576 AOG Units attributed to Antony P. Ressler’s reported beneficial ownership.

How many Ares Management (ARES) shares does Antony P. Ressler hold with sole versus shared power?

He reports 2,325,153 shares with sole voting and dispositive power and 107,110,305 shares with shared voting and dispositive power. The sole-power shares are held by a charitable foundation he trustees; the shared-power interests are through Ares Owners Holdings L.P.

Does Antony P. Ressler claim to be part of a group under Section 13(d) for Ares (ARES)?

He expressly disclaims the existence of, or membership in, a “group” with Ares Owners, Ares Partners, or the other board members. He also disclaims beneficial ownership of Class A shares beneficially owned by those parties for purposes of Section 13(d) of the Exchange Act.

Who else benefits from the Ares Management (ARES) shares reported by Antony P. Ressler?

Limited partners of Ares Owners Holdings L.P. have rights to dividends or sale proceeds from Class A shares held on their behalf. Ares Owners holds more than 5% of the Class A shares on behalf of Antony P. Ressler or vehicles he controls as a limited partner.

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Available on EDGAR 08/13/2026 - 09:55 PM Accepted by SEC EDGAR 08/13/2026 - 09:55 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

Ares Management Corporation

(Name of Issuer)

Class A common stock, par value $0.01 per share

(Title of Class of Securities)

03990B101

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 03990B101

1

Names of Reporting Persons

Antony P. Ressler

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,325,153.00
6	Shared Voting Power 107,110,305.00
7	Sole Dispositive Power 2,325,153.00
8	Shared Dispositive Power 107,110,305.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

109,435,458.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

33.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The reported shares of sole voting and dispositive power represent 2,325,153 shares of Class A common stock, par value $0.01 per share, of the Issuer ("Class A Shares") held by a charitable foundation for which the Reporting Person serves as trustee. The reported shares of shared voting and dispositive power represent (i) 4,281,729 Class A Shares and (ii) 102,828,576 partnership units of Ares Holdings L.P., which are convertible one for one into Class A Shares, subject to certain restrictions ("AOG Units"), all of which are held by Ares Owners Holdings L.P. ("Ares Owners"). The percent of class is calculated based on 227,372,228 Class A Shares outstanding on June 30, 2026, based on information provided by the Issuer, as increased by 102,828,576 Class A Shares issuable upon conversion of 102,828,576 AOG Units held by Ares Owners.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ares Management Corporation
(b)	Address of issuer's principal executive offices: 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067
Item 2.
(a)	Name of person filing: This statement is filed by Antony P. Ressler, referred to herein as the "Reporting Person."
(b)	Address or principal business office or, if none, residence: 1800 Avenue of the Stars, Suite 1400 Los Angeles, CA 90067
(c)	Citizenship: See response to row 4 on the cover page hereto.
(d)	Title of class of securities: Class A common stock, par value $0.01 per share
(e)	CUSIP No.: 03990B101
Item 4.	Ownership
(a)	Amount beneficially owned: See response to row 9 on the cover page hereto. The reported securities include 4,281,729 Class A Shares and 102,828,576 AOG Units held by Ares Owners. Ares Partners Holdco LLC ("Ares Partners") is the general partner of Ares Owners. Ares Partners is managed by a board of managers, which is composed of the Reporting Person, Michael J Arougheti, R. Kipp deVeer, David B. Kaplan and Bennett Rosenthal (each, a "Board Member" and collectively, the "Board Members"). The Reporting Person generally has veto authority over decisions of the Board Members. Ares Owners holds 2,235,625 Class A Shares and 49,764,375 AOG Units on behalf of the Reporting Person, or on behalf of a vehicle controlled by him, as a limited partner of Ares Owners. In addition, the reported securities include 2,325,153 Class A Shares held by a charitable foundation for which the Reporting Person serves as trustee. Based on information reported in Statements on Schedule 13G filed by, or information received from, Ares Owners and the other Board Members, the Class A Shares held by Ares Owners, if aggregated with other Class A Shares beneficially owned by each of the individual Board Members, would equal 112,079,605 Class A Shares in the aggregate, which includes (i) 102,828,576 shares that may be acquired upon the exchange of AOG Units held by Ares Owners and (ii) 2,125,000 Class A Shares issuable to certain of the Board Members upon the vesting of restricted stock units ("RSUs"), representing an aggregate of 33.7% of the outstanding Class A Shares (based on 227,372,228 outstanding Class A Shares as of June 30, 2026, as increased by (i) 102,828,576 Class A Shares issuable in respect of 102,828,576 AOG Units held by Ares Owners and (ii) 2,125,000 Class A Shares issuable to certain of the Board Members upon the vesting of RSUs). The Reporting Person expressly disclaims the existence of, or membership in, a "group" within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder with Ares Owners, Ares Partners, and the other Board Members, as well as beneficial ownership with respect to any Class A Shares beneficially owned by Ares Owners, Ares Partners, or the other Board Members, and neither the filing of this Statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by the Reporting Person that he is the beneficial owner of any of the Class A Shares referred to herein for purposes of Section 13(d) of the Act.
(b)	Percent of class: See response to row 11 on the cover page hereto. The percentage reflected on the cover page to this Schedule 13G is calculated based on an aggregate of 227,372,228 Class A Shares outstanding as of June 30, 2026, as reported by the Issuer, as increased by 102,828,576 Class A Shares issuable in respect of 102,828,576 AOG Units held by Ares Owners.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to row 5 on the cover page hereto.
	(ii) Shared power to vote or to direct the vote: See response to row 6 on the cover page hereto.
	(iii) Sole power to dispose or to direct the disposition of: See response to row 7 on the cover page hereto.
	(iv) Shared power to dispose or to direct the disposition of: See response to row 8 on the cover page hereto.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The limited partners of Ares Owners have the right to receive dividends from, or proceeds from the sale of, the Class A Shares that are held of record by Ares Owners on behalf of such limited partner. Ares Owners holds greater than 5% of the Class A Shares on behalf of the Reporting Person, or on behalf of a vehicle he controls. No other person has the right to receive dividends from, or the proceeds from the sale of, more than five percent of the Class A Shares reported on this Schedule 13G.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Antony P. Ressler

Signature:	/s/ Antony P. Ressler
Name/Title:	Antony P. Ressler
Date:	08/13/2026