ARES

SEC source: 0001628280-21-022922 · wf-form4_163659282583219.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 845,312

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

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 9, 2021 in multiple transactions at prices ranging from $87.00 to $87.99.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022922 · wf-form4_163659282583219.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 852,148

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

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 9, 2021 in multiple transactions at prices ranging from $86.00 to $86.99.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022922 · wf-form4_163659282583219.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 855,031

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

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 8, 2021 in multiple transactions at prices ranging from $85.87 to $86.11.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022922 · wf-form4_163659282583219.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 867,947

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

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 8, 2021 in multiple transactions at prices ranging from $84.87 to $85.86. 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 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 934,466

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

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 5, 2021 in multiple transactions at prices ranging from $86.08 to $86.78.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 943,270

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

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 5, 2021 in multiple transactions at prices ranging from $85.07 to $86.04.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 976,481

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

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 4, 2021 in multiple transactions at prices ranging from $86.53 to $87.33.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 981,980

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

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 4, 2021 in multiple transactions at prices ranging from $85.53 to $86.52.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,012,694

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

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 3, 2021 in multiple transactions at prices ranging from $86.43 to $86.92.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,021,846

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

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 3, 2021 in multiple transactions at prices ranging from $85.43 to $86.42.

F3 · balance_after: Includes 563,614 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: 0001628280-21-022084 · wf-form4_163615258089383.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,036,154

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

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 3, 2021 in multiple transactions at prices ranging from $84.43 to $85.42. 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, 7, 8 and 9.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,043,302

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

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 2, 2021 in multiple transactions at prices ranging from $84.25 to $84.86.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,062,695

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

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 2, 2021 in multiple transactions at prices ranging from $83.25 to $84.24.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,083,766

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

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 1, 2021 in multiple transactions at prices ranging from $84.70 to $85.21.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,087,568

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

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 1, 2021 in multiple transactions at prices ranging from $83.70 to $84.69.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021274 · wf-form4_163589716939313.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 560,213

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 512,945 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,112,990

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

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 29, 2021 in multiple transactions at prices ranging from $85.33 to $86.09.

F3 · balance_after: Includes 563,614 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: 0001628280-21-021275 · wf-form4_163589724217007.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,114,490

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

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on October 29, 2021 in multiple transactions at prices ranging from $84.32 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 and footnotes 4, 5, 6, 7 and 8.

F3 · balance_after: Includes 563,614 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: 0001628280-21-018632 · wf-form4_163166578489170.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,145,112

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.

F2 · balance_after: Includes 563,614 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: 0001628280-21-018631 · wf-form4_163166566766101.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 631,903

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.

F2 · balance_after: Includes 606,695 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: 0001628280-21-018630 · wf-form4_163166554797988.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: 1,321,292

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.

F2 · balance_after: Includes 633,332 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: 0001628280-21-018632 · wf-form4_163166578489170.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 100,000 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units are fully vested as of September 11, 2021.

F4 · derivative.exercise_date: The restricted units are fully vested as of September 11, 2021.

SEC source: 0001628280-21-018632 · wf-form4_163166578489170.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,202,492

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 · price: Reflects the vesting of 100,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on September 11, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 563,614 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: 0001628280-21-018631 · wf-form4_163166566766101.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 25,000 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units are fully vested as of September 11, 2021.

F4 · derivative.exercise_date: The restricted units are fully vested as of September 11, 2021.

SEC source: 0001628280-21-018631 · wf-form4_163166566766101.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 644,299

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 · price: Reflects the vesting of 25,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on September 11, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 606,695 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: 0001628280-21-018630 · wf-form4_163166554797988.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 300,000 shares

Expires 2029-01-22

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.

F5 · derivative.exercise_price: The restricted units are fully vested as of September 11, 2021.

F5 · derivative.exercise_date: The restricted units are fully vested as of September 11, 2021.

SEC source: 0001628280-21-018630 · wf-form4_163166554797988.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: 1,480,682

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 · price: Reflects the vesting of 300,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on September 11, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 633,332 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: 0001628280-21-017278 · wf-form4_162933511554499.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 184,328

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 122,171 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: 0001628280-21-017277 · wf-form4_162933503885123.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 1,510,409

Underlying: Class A Common Stock · 300,000 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.

F3 · derivative.exercise_price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, 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.

F3 · price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, 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.

F3 · derivative.exercise_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, 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.

F3 · derivative.expiration_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, 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.

F4 · 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 or the vehicle are the number of AOG units that he or the vehicle has a right to receive as a limited partner in AOH.

SEC source: 0001628280-21-017277 · wf-form4_162933503885123.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,102,492

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 · balance_after: Includes 563,614 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: 0001628280-21-017277 · wf-form4_162933503885123.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 802,492

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 563,614 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: 0001628280-21-017276 · wf-form4_162933499465243.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 669,719

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 606,695 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: 0001628280-21-016485 · wf-form4_162864398886555.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,707

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 July 1, 2023, 2024, 2025 and 2026.

F2 · balance_after: Includes 66,095 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: 0001628280-21-015429 · wf-form4_162803716256461.xml · derivative · entry 3

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 112,500

Underlying: Class A Common Stock · 112,500 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 112,500 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

F4 · derivative.exercise_date: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 112,500 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-015429 · wf-form4_162803716256461.xml · nonDerivative · entry 2

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 965,984

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.

F2 · balance_after: Includes 817,421 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: 0001628280-21-015429 · wf-form4_162803716256461.xml · nonDerivative · entry 1

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,021,762

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 · price: Reflects the vesting of 112,500 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 817,421 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: 0001628280-21-015428 · wf-form4_162803703276468.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Class A Common Stock · 100,000 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 100,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

F4 · derivative.exercise_date: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 100,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-015428 · wf-form4_162803703276468.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 859,872

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.

F2 · balance_after: Includes 663,614 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: 0001628280-21-015428 · wf-form4_162803703276468.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 913,092

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 · price: Reflects the vesting of 100,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 663,614 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: 0001628280-21-015427 · wf-form4_162803695948066.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Class A Common Stock · 25,000 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 25,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

F4 · derivative.exercise_date: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 25,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-015427 · wf-form4_162803695948066.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 731,904

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.

F2 · balance_after: Includes 706,695 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: 0001628280-21-015427 · wf-form4_162803695948066.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 744,300

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 · price: Reflects the vesting of 25,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 706,695 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: 0001628280-21-015426 · wf-form4_162803685138239.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,000

Underlying: Class A Common Stock · 300,000 shares

Expires 2029-01-22

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.

F5 · derivative.exercise_price: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 300,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

F5 · derivative.exercise_date: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 300,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-015426 · wf-form4_162803685138239.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: 1,180,682

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.

F2 · balance_after: Includes 633,332 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: 0001628280-21-015426 · wf-form4_162803685138239.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: 1,327,592

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 · price: Reflects the vesting of 300,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F2 · balance_after: Includes 633,332 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: 0001628280-21-014963 · wf-form4_162760811303997.xml · nonDerivative · entry 1

Olian Judy D. · CIK 0001605729 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,410

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 schedule to lapse in three equal installments on July 27, 2022, 2023 and 2024.

F2 · balance_after: Includes 6,032 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: 0001628280-21-014962 · wf-form4_162760800897448.xml · nonDerivative · entry 1

Lynton Michael · CIK 0001606115 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,610

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 schedule to lapse in three equal installments on July 27, 2022, 2023 and 2024.

F2 · balance_after: Includes 6,032 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: 0001628280-21-014961 · wf-form4_162760795828951.xml · nonDerivative · entry 1

Joubert Paul G. · CIK 0001438584 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,610

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 schedule to lapse in three equal installments on July 27, 2022, 2023 and 2024.

F2 · balance_after: Includes 6,032 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: 0001628280-21-014960 · wf-form4_162760776055561.xml · nonDerivative · entry 1

BUSH ANTOINETTE COOK · CIK 0001209364 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,348

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 schedule to lapse in three equal installments on July 27, 2022, 2023 and 2024.

F2 · balance_after: Includes 6,032 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: 0001628280-21-013593 · wf-form4_162562300792624.xml · derivative · entry 3

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 225,000

Underlying: Class A Common Stock · 112,500 shares

Expires 2029-01-22

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.

F4 · derivative.exercise_price: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: (i) 112,500 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $65.00; and (ii) 112,500 units will vest if, over all trading days that occur during any consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, in each case generally subject to the reporting person's continued service through the applicable vesting date.

F4 · derivative.exercise_date: The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: (i) 112,500 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $65.00; and (ii) 112,500 units will vest if, over all trading days that occur during any consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, in each case generally subject to the reporting person's continued service through the applicable vesting date.