Form 4 for ARES Ares Management
Accepted 2022-10-27 00:00:00 ET · period of report 2022-10-14 · accession 0001628280-22-027253 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-10-27 | 2022-10-25+ | ARES | KAPLAN DAVID B | Co-Founder, Co-COB of PEG, Dir | S - Sale | $72.36 | -500.0K | 434.2K | -54% | -$36.18M |
| DI | 2022-10-27 | 2022-10-14 | ARES | KAPLAN DAVID B | Co-Founder, Co-COB of PEG, Dir | C - Cnv Deriv | $0.00 | +500.0K | 500.0K | New | $0 |
| DI | 2022-10-27 | 2022-10-14 | ARES | KAPLAN DAVID B | Co-Founder, Co-COB of PEG, Dir | C - Cnv Deriv | — | +500.0K | 9.92M | +5% | — |
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 | 2022-10-27 | S | D | 36,357 | $74.26 | 0 | I By Trently Holdings, LLC | — | — | (F11) The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $74.01 to $74.79. |
| 2 | Common | Class A Common Stock | 2022-10-27 | S | D | 101,620 | $73.60 | 36,357 | I By Trently Holdings, LLC | — | — | (F10) The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $73.01 to $74.00. |
| 3 | Common | Class A Common Stock | 2022-10-27 | S | D | 19,617 | $72.63 | 137,977 | I By Trently Holdings, LLC | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $72.00 to $72.99. |
| 4 | Common | Class A Common Stock | 2022-10-27 | S | D | 15,300 | $71.51 | 157,594 | I By Trently Holdings, LLC | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $71.00 to $71.99. |
| 5 | Common | Class A Common Stock | 2022-10-27 | S | D | 19,888 | $70.21 | 172,894 | I By Trently Holdings, LLC | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $70.00 to $70.99. |
| 6 | Common | Class A Common Stock | 2022-10-14 | C | A | 500,000 | $0.00 | 500,000 | I By Trently Holdings, LLC | — | — | |
| 7 | Common | Class A Common Stock | 2022-10-26 | S | D | 80,851 | $72.44 | 234,386 | I By Trently Holdings, LLC | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold on October 26, 2022 in multiple transactions at prices ranging from $72.15 to $73.14. |
| 8 | Common | Class A Common Stock | 2022-10-26 | S | D | 41,604 | $73.60 | 192,782 | I By Trently Holdings, LLC | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold on October 26, 2022 in multiple transactions at prices ranging from $73.15 to $74.02. |
| 9 | Common | Class A Common Stock | 2022-10-26 | S | D | 61,649 | $72.05 | 315,237 | I By Trently Holdings, LLC | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold on October 26, 2022 in multiple transactions at prices ranging from $71.15 to $72.14. |
| 10 | Common | Class A Common Stock | 2022-10-25 | S | D | 57,337 | $71.39 | 376,886 | I By Trently Holdings, LLC | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold on October 25, 2022 in multiple transactions at prices ranging from $71.00 to $71.81. |
| 11 | Common | Class A Common Stock | 2022-10-25 | S | D | 65,777 | $70.42 | 434,223 | I By Trently Holdings, LLC | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold on October 25, 2022 in multiple transactions at prices ranging from $70.00 to $70.99. 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 range set forth in this footnote and footnotes 3, 4, 5, 6, 7, 8, 9, 10 and 11. |
| 12 | Derivative | Ares Operating Group Units | 2022-10-14 | C | A | 500,000 | — | 9,921,596 | I By Ares Owners Holdings L.P. | — · — to — | 500,000 Class A Common Stock | (F13) Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, 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. (F14) The reporting person or a vehicle controlled by him is a limited partner in 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. |