ARES

SEC source: 0001628280-23-030566 · wk-form4_1692925020.xml · derivative · entry 3

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 84,546 shares

Expires 2024-04-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: The options are fully vested as of May 1, 2019.

SEC source: 0001628280-23-030566 · wk-form4_1692925020.xml · nonDerivative · entry 2

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 891,813

F1 · balance_after: Includes 625,000 restricted units granted pursuant to an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-030566 · wk-form4_1692925020.xml · nonDerivative · entry 1

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 945,857

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 625,000 restricted units granted pursuant to an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 6

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 300,000

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2023 in multiple transactions at prices ranging from $97.18 to $97.86.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 6

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 250,000

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2023 in multiple transactions at prices ranging from $97.14 to $97.85.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · derivative · entry 8

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Ares Owners Holdings L.P.

Disclosed balance after: 9,421,596

Underlying: Class A Common Stock · 500,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: 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.

F8 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F9 · ownership.nature: 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.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 5

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 309,946

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.70 to $100.82.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 4

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 310,220

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.33 to $100.31.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 3

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 339,541

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.33 to $99.32.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 2

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 384,425

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.33 to $98.31. 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 and 6.

SEC source: 0001628280-23-029915 · wk-form4_1692318088.xml · nonDerivative · entry 1

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 500,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-23-029918 · wk-form4_1692318462.xml · nonDerivative · entry 1

BHUTANI ASHISH · CIK 0001287727 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,732

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased on August 15, 2023 in multiple transactions at prices ranging from $98.02 to $98.10. 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 purchased at each separate price within the range set forth in this footnote.

F2 · balance_after: Includes 1,732 restricted units granted under the Ares Management Corporation 2023 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · derivative · entry 7

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Ares Owners Holdings L.P.

Disclosed balance after: 10,096,596

Underlying: Class A Common Stock · 150,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: 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.

F7 · price: 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.

F7 · derivative.exercise_date: 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.

F7 · derivative.expiration_date: 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.

F8 · ownership.nature: 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.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · nonDerivative · entry 5

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 0

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.41 to $100.70.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · nonDerivative · entry 4

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 230

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.33 to $100.31.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · nonDerivative · entry 3

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 22,147

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.33 to $99.32.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 56,001

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.33 to $98.32. 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 and 5.

SEC source: 0001628280-23-029917 · wk-form4_1692318405.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 150,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · derivative · entry 8

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By Ares Owners Holdings L.P.

Disclosed balance after: 9,421,596

Underlying: Class A Common Stock · 500,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: 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.

F8 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F9 · ownership.nature: 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.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 5

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 297,511

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.31 to $100.59.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 4

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 298,082

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.31 to $100.28.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 3

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 335,943

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.29 to $99.28.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 2

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 390,937

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.29 to $98.28. 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 and 6.

SEC source: 0001628280-23-029916 · wk-form4_1692318301.xml · nonDerivative · entry 1

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Chairman of PEG

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 500,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-23-028956 · wk-form4_1691710173.xml · nonDerivative · entry 2

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 861,311

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 8, 2023 by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 8, 2023 in multiple transactions at prices ranging from $99.94 to $100.74.

F3 · balance_after: Includes 625,000 restricted units granted under the Ares Management Corporation 2023 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-028956 · wk-form4_1691710173.xml · nonDerivative · entry 1

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,027,857

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 8, 2023 by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 8, 2023 in multiple transactions at prices ranging from $98.94 to $99.93. 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 footnote 4.

F3 · balance_after: Includes 625,000 restricted units granted under the Ares Management Corporation 2023 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026305 · wk-form4_1690849078.xml · nonDerivative · entry 1

Joubert Paul G. · CIK 0001438584 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,129

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Includes 3,431 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026303 · wk-form4_1690849013.xml · nonDerivative · entry 1

Olian Judy D. · CIK 0001605729 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,729

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Includes 3,431 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026302 · wk-form4_1690848955.xml · nonDerivative · entry 1

Lynton Michael · CIK 0001606115 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,129

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Includes 3,431 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026298 · wk-form4_1690846611.xml · nonDerivative · entry 1

Naughton Eileen · CIK 0001378072 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,519

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Includes 1,732 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026296 · wk-form4_1690846494.xml · nonDerivative · entry 1

BHUTANI ASHISH · CIK 0001287727 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,732

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Represents 1,732 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-026295 · wk-form4_1690846350.xml · nonDerivative · entry 1

BUSH ANTOINETTE COOK · CIK 0001209364 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,101

F1 · shares: Granted under the Ares Management Corporation 2023 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on the first anniversary of the grant date.

F2 · balance_after: Includes 3,431 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-002004 · wk-form4_1706062527.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,965

F1 · shares: Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under an equity plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 79,914 restricted units granted pursuant to an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-024071 · wk-form4_1688165761.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 0

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 29, 2023 in multiple transactions at prices ranging from $95.00 to $95.36. 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.

SEC source: 0001628280-23-022801 · wk-form4_1687307409.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 36,085

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 16, 2023 in multiple transactions at prices ranging from $95.00 to $95.40. 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.

SEC source: 0001628280-23-022346 · wk-form4_1686871025.xml · nonDerivative · entry 3

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 60,471

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 15, 2023 in multiple transactions at prices ranging from $95.00 to $95.30.

SEC source: 0001628280-23-022800 · wk-form4_1687307362.xml · nonDerivative · entry 1

RESSLER ANTONY P · CIK 0001025978 · Director · Co-Founder & Exec. Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Ares Owners Holdings L.P.

Disclosed balance after: 10,984,625

F1 · shares: Represents the number of shares of Class A Common Stock previously held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person or a vehicle controlled by him, which were transferred on June 15, 2023 to a charitable foundation of which the reporting person is a trustee.

F2 · ownership.nature: The reporting person or a vehicle controlled by him is a limited partner in 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.

SEC source: 0001628280-23-022346 · wk-form4_1686871025.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 124,951

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

SEC source: 0001628280-23-022346 · wk-form4_1686871025.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 125,351

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 13, 2023 in multiple transactions at prices ranging from $95.00 to $95.10. 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 footnote 3.

SEC source: 0001628280-23-021752 · wk-form4_1686343946.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 130,301

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 7, 2023 in multiple transactions at prices ranging from $91.00 to $91.82.

SEC source: 0001628280-23-021752 · wk-form4_1686343946.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 181,070

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 7, 2023 in multiple transactions at prices ranging from $90.00 to $90.98. 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 footnote 3.

SEC source: 0001628280-23-021159 · wk-form4_1686100309.xml · nonDerivative · entry 3

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 367,678

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 6, 2023 in multiple transactions at prices ranging from $91.00 to $91.51.

SEC source: 0001628280-23-021159 · wk-form4_1686100309.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 519,711

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 6, 2023 in multiple transactions at prices ranging from $90.00 to $90.99.

SEC source: 0001628280-23-020962 · wk-form4_1686008846.xml · nonDerivative · entry 2

Berry Ryan · CIK 0001493586 · Chief Mktg. & Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 484,661

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 2, 2023 in multiple transactions at prices ranging from $89.00 to $89.28.

F2 · balance_after: Includes 365,932 restricted units granted under the Third Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-021159 · wk-form4_1686100309.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 625,841

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 2, 2023 in multiple transactions at prices ranging from $90.00 to $90.02. 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 and 4.

SEC source: 0001628280-23-020962 · wk-form4_1686008846.xml · nonDerivative · entry 1

Berry Ryan · CIK 0001493586 · Chief Mktg. & Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 494,661

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on June 1, 2023 in multiple transactions at prices ranging from $88.20 to $88.36. 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 footnote 3.

F2 · balance_after: Includes 365,932 restricted units granted under the Third Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-020408 · wk-form4_1685581007.xml · nonDerivative · entry 1

Berry Ryan · CIK 0001493586 · Chief Mktg. & Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 504,661

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 30, 2023 in multiple transactions at prices ranging from $87.29 to $87.34. 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.

F2 · balance_after: Includes 365,932 restricted units granted under the Third Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-020407 · wk-form4_1685580976.xml · nonDerivative · entry 4

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 630,301

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 26, 2023 in multiple transactions at prices ranging from $84.77 to $85.50.

SEC source: 0001628280-23-020407 · wk-form4_1685580976.xml · nonDerivative · entry 3

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 672,133

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 26, 2023 in multiple transactions at prices ranging from $83.73 to $84.70.

SEC source: 0001628280-23-020407 · wk-form4_1685580976.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 825,000

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 26, 2023 in multiple transactions at prices ranging from $84.73 to $85.50.

F5 · balance_after: Represents 825,000 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.