Form 4 for ARES Ares Management
Accepted 2025-11-18 00:00:00 ET · period of report 2025-11-14 · accession 0001304471-25-000010 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-11-18 | 2025-11-14 | ARES | Arougheti Michael J | CEO, Co-Founder, Dir | C - Cnv Deriv | $0.00 | +590.0K | 590.0K | New | $0 |
| DI | 2025-11-18 | 2025-11-14 | ARES | Arougheti Michael J | CEO, Co-Founder, Dir | C - Cnv Deriv | — | -590.0K | 7.25M | -8% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-11-14 | C | A | 590,000 | $0.00 | 590,000 | I By Atticus Enterprises LLC | — | — | |
| 2 | Derivative | Ares Operating Group Units | 2025-11-14 | C | D | 590,000 | — | 7,251,596 | I By Ares Owners Holdings L.P. | — · — to — | 590,000 Class A Common Stock | (F2) Pursuant to the terms of the Sixth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of May 8, 2025, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis. (F3) 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 AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH. |