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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 4/15/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1176948 |
| Issuer Name: Ares Management Corp |
| Issuer Trading Symbol: ARES |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1304465 |
| | Owner Name: Rosenthal Bennett |
| Reporting Owner Address: |
| | Owner Street 1: 2000 AVENUE OF THE STARS |
| | Owner Street 2: 12TH FLOOR |
| | Owner City: LOS ANGELES |
| | Owner State: CA |
| | Owner ZIP Code: 90067 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Co-Founder & Chairman of PEG |
Aff 10b5 One: 1 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 19,805 |
| | | Transaction Price Per Share: |
| Value: 128.54 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 30,195 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By BAR Holdings, LLC |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 10,739 |
| | | Transaction Price Per Share: |
| Value: 129.34 |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 19,456 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By BAR Holdings, LLC |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 12,895 |
| | | Transaction Price Per Share: |
| Value: 130.70 |
| Footnote ID: F4 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,561 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By BAR Holdings, LLC |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2,553 |
| | | Transaction Price Per Share: |
| Value: 131.24 |
| Footnote ID: F5 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,008 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By BAR Holdings, LLC |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,008 |
| | | Transaction Price Per Share: |
| Value: 132.41 |
| Footnote ID: F6 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By BAR Holdings, LLC |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,105,052 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Ares Owners Holdings L.P. |
| Footnote ID: F7 |
Derivative Table: |
Footnotes: |
| Footnote - F1: This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 14, 2023 by the reporting person, or a vehicle controlled by him. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were sold on April 15, 2024 in multiple transactions at prices ranging from $127.98 to $128.97. 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 and 6. |
| Footnote - F3: The price reported in Column 4 is a weighted average price. These shares were sold on April 15, 2024 in multiple transactions at prices ranging from $128.99 to $129.90. |
| Footnote - F4: The price reported in Column 4 is a weighted average price. These shares were sold on April 15, 2024 in multiple transactions at prices ranging from $129.99 to $130.98. |
| Footnote - F5: The price reported in Column 4 is a weighted average price. These shares were sold on April 15, 2024 in multiple transactions at prices ranging from $130.99 to $131.93. |
| Footnote - F6: The price reported in Column 4 is a weighted average price. These shares were sold on April 15, 2024 in multiple transactions at prices ranging from $132.08 to $132.70. |
| Footnote - F7: 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: |
Owner Signature: |
| Signature Name: /s/ Naseem Sagati Aghili, by power of attorney |
| Signature Date: 4/16/24 |