ARES

SEC source: 0001628280-23-001503 · wf-form4_167461281774924.xml · nonDerivative · entry 2

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,227

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 67,414 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: 0001628280-23-001503 · wf-form4_167461281774924.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,273

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 70,157 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: 0001628280-23-000376 · wf-form4_167288738914247.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: 907,593

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 600,000 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: 0001628280-22-031959 · wf-form4_167106959422490.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, 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 December 12, 2022 in multiple transactions at prices ranging from $70.00 to $70.53. 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: 0001628280-22-030209 · wf-form4_166864813406537.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 100,000

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 November 14, 2022 in multiple transactions at prices ranging from $82.22 to $83.08.

SEC source: 0001628280-22-030209 · wf-form4_166864813406537.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 100,900

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 November 14, 2022 in multiple transactions at prices ranging from $81.22 to $82.19.

SEC source: 0001628280-22-030209 · wf-form4_166864813406537.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 113,356

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.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 14, 2022 in multiple transactions at prices ranging from $80.22 to $81.21.

SEC source: 0001628280-22-030209 · wf-form4_166864813406537.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 199,270

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 November 14, 2022 in multiple transactions at prices ranging from $79.22 to $80.21.

SEC source: 0001628280-22-030209 · wf-form4_166864813406537.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 282,495

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 November 14, 2022 in multiple transactions at prices ranging from $78.22 to $79.21. 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 and footnotes 3, 4, 5 and 6.

SEC source: 0001628280-22-030076 · wf-form4_166856593952122.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: 137,939

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 November 11, 2022 in multiple transactions at prices ranging from $85.22 to $85.23.

SEC source: 0001628280-22-030076 · wf-form4_166856593952122.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: 138,109

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 November 11, 2022 in multiple transactions at prices ranging from $84.22 to $85.20.

SEC source: 0001628280-22-030076 · wf-form4_166856593952122.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: 215,115

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 November 11, 2022 in multiple transactions at prices ranging from $83.21 to $84.16. 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: 0001628280-22-030078 · wf-form4_166856605174129.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 460,738

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 November 11, 2022 in multiple transactions at prices ranging from $85.00 to $85.31. 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.

SEC source: 0001628280-22-029579 · wf-form4_166813072168475.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: 224,221

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.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 10, 2022 in multiple transactions at prices ranging from $84.83 to $85.04.

F3 · balance_after: Includes 900,000 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 to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-22-029579 · wf-form4_166813072168475.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: 301,865

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 November 10, 2022 in multiple transactions at prices ranging from $83.83 to $84.82.

F3 · balance_after: Includes 900,000 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 to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-22-029579 · wf-form4_166813072168475.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: 643,623

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 November 10, 2022 in multiple transactions at prices ranging from $82.82 to $83.81.

F3 · balance_after: Includes 900,000 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 to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-22-029583 · wf-form4_166813244446724.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 203,082

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 10, 2022 in multiple transactions at prices ranging from $84.81 to $85.03. 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 132,691 restricted units granted under the Ares Management Corporation 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: 0001628280-22-029580 · wf-form4_166813083431174.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 470,138

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 November 10, 2022 in multiple transactions at prices ranging from $85.00 to $85.04. 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: 0001628280-22-029579 · wf-form4_166813072168475.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: 680,192

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 November 9, 2022 in multiple transactions at prices ranging from $80.00 to $80.65.

F3 · balance_after: Includes 900,000 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 to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-22-029579 · wf-form4_166813072168475.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: 751,046

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 November 8, 2022 in multiple transactions at prices ranging from $80.00 to $80.50. 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 and 7.

F3 · balance_after: Includes 900,000 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 to the reporting person or a vehicle controlled by him.

SEC source: 0001628280-22-028327 · wf-form4_166752366954723.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 392,544

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 329,520 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: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 11

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, 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.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $74.01 to $74.79.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 10

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 36,357

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.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $73.01 to $74.00.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 9

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 137,977

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.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $72.00 to $72.99.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 8

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 157,594

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.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $71.00 to $71.99.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 7

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 172,894

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.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 27, 2022 in multiple transactions at prices ranging from $70.00 to $70.99.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 6

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 192,782

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 October 26, 2022 in multiple transactions at prices ranging from $73.15 to $74.02.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 5

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 234,386

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 October 26, 2022 in multiple transactions at prices ranging from $72.15 to $73.14.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 4

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 315,237

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 October 26, 2022 in multiple transactions at prices ranging from $71.15 to $72.14.

SEC source: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 300,000

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 October 26, 2022 in multiple transactions at prices ranging from $73.64 to $74.02.

SEC source: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 321,045

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 October 26, 2022 in multiple transactions at prices ranging from $72.64 to $73.63.

SEC source: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 360,402

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 October 26, 2022 in multiple transactions at prices ranging from $71.64 to $72.63.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 3

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 376,886

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 October 25, 2022 in multiple transactions at prices ranging from $71.00 to $71.81.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 2

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 434,223

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 October 25, 2022 in multiple transactions at prices ranging from $70.00 to $70.99. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4, 5, 6, 7, 8, 9, 10 and 11.

SEC source: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 377,029

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 October 25, 2022 in multiple transactions at prices ranging from $71.00 to $71.84.

SEC source: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 434,046

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 October 25, 2022 in multiple transactions at prices ranging from $70.00 to $70.99. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4, 5 and 6.

SEC source: 0001628280-22-027253 · wf-form4_166691953409885.xml · derivative · entry 13

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

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

Disclosed balance after: 9,921,596

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.

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: 0001628280-22-027253 · wf-form4_166691953409885.xml · nonDerivative · entry 1

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

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: 0001628280-22-027254 · wf-form4_166691973595151.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 9,921,596

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: 0001628280-22-027254 · wf-form4_166691973595151.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

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: 0001628280-22-021195 · wf-form4_165965662784337.xml · nonDerivative · entry 3

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 218,082

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on August 3, 2022 in multiple transactions at prices ranging from $72.95 to $73.68. 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.

F1 · balance_after: Includes 132,691 restricted units granted under the Ares Management Corporation 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: 0001628280-22-021195 · wf-form4_165965662784337.xml · derivative · entry 4

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,262

Underlying: Class A Common Stock · 20,000 shares

Expires 2024-05-01

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.

F3 · derivative.exercise_date: The options are fully vested as of May 1, 2019.

SEC source: 0001628280-22-021195 · wf-form4_165965662784337.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 225,528

F1 · balance_after: Includes 132,691 restricted units granted under the Ares Management Corporation 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: 0001628280-22-021195 · wf-form4_165965662784337.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 238,082

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 132,691 restricted units granted under the Ares Management Corporation 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: 0001628280-22-019880 · wf-form4_165914531433424.xml · nonDerivative · entry 1

Naughton Eileen · CIK 0001378072 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,787

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 on the first anniversary on July 28, 2023.

F2 · balance_after: Includes 2,787 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: 0001628280-22-019878 · wf-form4_165914521904529.xml · nonDerivative · entry 1

Lynton Michael · CIK 0001606115 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,397

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 on the first anniversary on July 28, 2023.

F2 · balance_after: Includes 6,185 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: 0001628280-22-019876 · wf-form4_165914509866516.xml · nonDerivative · entry 1

Joubert Paul G. · CIK 0001438584 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,397

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 on the first anniversary on July 28, 2023.

F2 · balance_after: Includes 6,185 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: 0001628280-22-019872 · wf-form4_165914473877834.xml · nonDerivative · entry 1

Olian Judy D. · CIK 0001605729 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,197

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 on the first anniversary on July 28, 2023.

F2 · balance_after: Includes 6,185 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: 0001628280-22-019874 · wf-form4_165914493640715.xml · nonDerivative · entry 1

BUSH ANTOINETTE COOK · CIK 0001209364 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,135

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 on the first anniversary on July 28, 2023.

F2 · balance_after: Includes 6,185 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: 0001628280-22-008626 · wf-form4_164929047701368.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Atticus Enterprises LLC

Disclosed balance after: 473,121

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 April 4, 2022 in multiple transactions at prices ranging from $85.00 to $85.32. 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.