ARES

SEC source: 0001628280-23-020407 · wk-form4_1685580976.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 869,909

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 May 26, 2023 in multiple transactions at prices ranging from $83.73 to $84.70. 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 4, 6 and 7.

F3 · balance_after: Includes 825,000 restricted units granted under the Third Amended and Restated 2014 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 restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 11

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 893,603

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.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $83.91 to $84.75.

F7 · balance_after: Includes 825,000 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: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 10

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 946,785

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.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $82.91 to $83.90.

F7 · balance_after: Includes 825,000 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: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 9

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: 694,159

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.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $83.92 to $84.75.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 8

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: 711,799

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.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 25, 2023 in multiple transactions at prices ranging from $82.92 to $83.84.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 7

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,003,866

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.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 24, 2023 in multiple transactions at prices ranging from $83.88 to $83.90.

F7 · balance_after: Includes 825,000 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: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 6

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,005,366

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 24, 2023 in multiple transactions at prices ranging from $82.88 to $83.87.

F7 · balance_after: Includes 825,000 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: 0001628280-23-019866 · wk-form4_1685065695.xml · nonDerivative · entry 5

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,128,375

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 24, 2023 in multiple transactions at prices ranging from $81.88 to $82.87.

F7 · balance_after: Includes 825,000 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: 0001628280-23-019866 · wk-form4_1685065695.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: 730,732

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 May 24, 2023 in multiple transactions at prices ranging from $83.88 to $83.93.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.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: 731,248

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 24, 2023 in multiple transactions at prices ranging from $82.88 to $83.87.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.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: 772,283

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 May 24, 2023 in multiple transactions at prices ranging from $81.88 to $82.87. 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 4, 5, 6, 8, 9, 10, 11 and 12.

F3 · balance_after: The shares of Class A Common Stock reported as sold and the number of shares owned after such sale includes 150,258 shares of Class A Common Stock previously reported as indirectly held by the reporting person through Ares Owners Holdings L.P. ("AOH"), which shares were transferred to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-23-019866 · wk-form4_1685065695.xml · derivative · entry 12

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: 10,246,596

Underlying: Class A Common Stock · 175,000 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.

F13 · 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.

F13 · 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.

F13 · 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.

F13 · 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.

F14 · 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: 0001628280-23-019866 · wk-form4_1685065695.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: 635,738

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: 0001628280-23-019862 · wk-form4_1685065306.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 365,932

F1 · balance_after: Represents 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: 0001628280-23-019861 · wk-form4_1685065161.xml · nonDerivative · entry 1

Olian Judy D. · CIK 0001605729 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,997

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 23, 2023 in multiple transactions at prices ranging from $85.56 to $85.61. 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 5,137 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: 0001628280-23-019474 · wk-form4_1684885691.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,232

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 19, 2023 in multiple transactions at prices ranging from $83.00 to $83.25. 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 155,086 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: 0001628280-23-018930 · wk-form4_1684450897.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 514,661

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 17, 2023 in multiple transactions at prices ranging from $82.70 to $83.21. 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: 0001628280-23-018813 · wk-form4_1684368603.xml · derivative · entry 3

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,631

Underlying: Class A Common Stock · 29,631 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: 0001628280-23-018813 · wk-form4_1684368603.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 254,763

F1 · balance_after: Includes 155,086 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: 0001628280-23-018813 · wk-form4_1684368603.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 272,863

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 155,086 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: 0001628280-23-018537 · wk-form4_1684284353.xml · nonDerivative · entry 1

BUSH ANTOINETTE COOK · CIK 0001209364 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,369

F1 · balance_after: Includes 5,137 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: 0001628280-23-017372 · wk-form4_1683766535.xml · derivative · entry 7

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 422,728 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: 0001628280-23-017372 · wk-form4_1683766535.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 529,661

F1 · balance_after: Includes 365,932 restricted units granted under the Fourth Amended and Restated 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 restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-017372 · wk-form4_1683766535.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 788,660

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 365,932 restricted units granted under the Fourth Amended and Restated 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 restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-003203 · wf-form4_167607767616516.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 0

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 10, 2023 in multiple transactions at prices ranging from $85.00 to $85.51. 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: 0001628280-23-003082 · wf-form4_167599754399066.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 16,879

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 9, 2023 in multiple transactions at prices ranging from $87.03 to $87.33.

SEC source: 0001628280-23-003082 · wf-form4_167599754399066.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 24,480

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 9, 2023 in multiple transactions at prices ranging from $86.00 to $86.99.

SEC source: 0001628280-23-003082 · wf-form4_167599754399066.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 151,413

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 9, 2023 in multiple transactions at prices ranging from $85.00 to $86.00.

SEC source: 0001628280-23-003082 · wf-form4_167599754399066.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 173,356

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 8, 2023 in multiple transactions at prices ranging from $85.00 to $85.85.

SEC source: 0001628280-23-003082 · wf-form4_167599754399066.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 404,011

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 7, 2023 in multiple transactions at prices ranging from $85.00 to $85.85. 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: 0001628280-23-002319 · wf-form4_167547473605211.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 480,027

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 3, 2023 in multiple transactions at prices ranging from $85.00 to $85.62.

SEC source: 0001628280-23-002319 · wf-form4_167547473605211.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 574,238

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

SEC source: 0001628280-23-002319 · wf-form4_167547473605211.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 574,338

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 2, 2023 in multiple transactions at prices ranging from $85.00 to $85.95.

SEC source: 0001628280-23-002319 · wf-form4_167547473605211.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By TJ Capital Investors, LLC

Disclosed balance after: 712,670

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted 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 February 1, 2023 in multiple transactions at prices ranging from $85.00 to $85.38. 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 4 and 5.

F3 · balance_after: The shares of Class A Common Stock reported as sold and the number of shares owned after such sale represents 600,000 shares of Class A Common Stock previously reported as indirectly held by the reporting person through Ares Owners Holdings L.P. ("AOH"), which shares were transferred to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-23-002141 · wf-form4_167539266970846.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 377,091

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 365,932 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: 0001628280-23-002141 · wf-form4_167539266970846.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 382,353

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F2 · balance_after: Includes 378,432 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: 0001628280-23-002139 · wf-form4_167539258886273.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,169,305

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 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.

SEC source: 0001628280-23-002139 · wf-form4_167539258886273.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,207,593

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F2 · balance_after: Includes 900,000 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.

SEC source: 0001628280-23-002137 · wf-form4_167539249891076.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 243,232

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 155,086 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: 0001628280-23-002137 · wf-form4_167539249891076.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 255,668

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F2 · balance_after: Includes 182,586 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: 0001628280-23-002135 · wf-form4_167539242844373.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,061,311

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 625,000 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.

SEC source: 0001628280-23-002135 · wf-form4_167539242844373.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,114,958

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F2 · balance_after: Includes 725,000 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.

SEC source: 0001628280-23-002133 · wf-form4_167539235962114.xml · nonDerivative · entry 3

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 121,445

F5 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F6 · balance_after: Includes 84,914 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: 0001628280-23-002133 · wf-form4_167539235962114.xml · nonDerivative · entry 2

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 126,227

F3 · shares: Granted under 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F4 · balance_after: Includes 97,414 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: 0001628280-23-002133 · wf-form4_167539235962114.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,227

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in four equal installments on January 31, 2025, 2026, 2027 and 2028.

F2 · balance_after: Includes 77,414 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: 0001628280-23-001509 · wf-form4_167461317095943.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,668

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 132,586 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: 0001628280-23-001509 · wf-form4_167461317095943.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 207,243

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in three equal installments on January 20, 2024, 2025 and 2026.

F2 · balance_after: Includes 136,852 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: 0001628280-23-001507 · wf-form4_167461301439438.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 914,958

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 the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 525,000 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-23-001505 · wf-form4_167461291645327.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 332,353

F3 · 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 the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 328,432 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: 0001628280-23-001505 · wf-form4_167461291645327.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 334,563

F1 · shares: Granted under the Ares Management Corporation Third Amended and Restated 2014 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 in three equal installments on January 20, 2024, 2025 and 2026.

F2 · balance_after: Includes 334,563 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.