ARES

SEC source: 0001628280-21-000740 · wf-form4_161136974097071.xml · derivative · entry 7

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 450,000

Underlying: Class A Common Stock · 450,000 shares

Expires 2029-01-22

F8 · 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 $55.00; (ii) 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 $60.00; (Continued in footnote 8)

F9 · derivative.exercise_price: (iii) 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; (iv) 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

F8 · 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 $55.00; (ii) 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 $60.00; (Continued in footnote 8)

F9 · derivative.exercise_date: (iii) 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; (iv) 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-000740 · wf-form4_161136974097071.xml · nonDerivative · entry 3

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 922,538

F5 · shares: Granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2023, 2024, 2025 and 2026.

F6 · balance_after: Includes 851,649 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: 0001628280-21-000741 · wf-form4_161136982177423.xml · nonDerivative · entry 3

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 213,441

F5 · shares: Granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2023, 2024, 2025 and 2026.

F6 · balance_after: Includes 184,671 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: 0001628280-21-000739 · wf-form4_161136966354642.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400,000

Underlying: Class A Common Stock · 400,000 shares

Expires 2029-01-22

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: (i) 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 $55.00; (ii) 100,0000 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 $60.00; (Continued in footnote 6)

F6 · derivative.exercise_price: (iii) 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 $65.00; (iv) 100,0000 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, in each case 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: (i) 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 $55.00; (ii) 100,0000 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 $60.00; (Continued in footnote 6)

F6 · derivative.exercise_date: (iii) 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 $65.00; (iv) 100,0000 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-000739 · wf-form4_161136966354642.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 846,751

F3 · shares: Granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2023, 2024, 2025 and 2026.

F4 · balance_after: Includes 688,614 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. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-21-000738 · wf-form4_161136960036882.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Class A Common Stock · 100,000 shares

Expires 2029-01-22

F7 · 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) 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 $55.00; (ii) 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 $60.00; (Continued in footnote 8)

F8 · derivative.exercise_price: (iii) 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 $65.00; (iv) 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

F7 · 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) 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 $55.00; (ii) 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 $60.00; (Continued in footnote 8)

F8 · derivative.exercise_date: (iii) 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 $65.00; (iv) 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-000738 · wf-form4_161136960036882.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 706,695

F5 · shares: Granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2023, 2024, 2025 and 2026.

F6 · balance_after: Includes 706,695 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: 0001628280-21-000737 · wf-form4_161136955503442.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,200,000

Underlying: Class A Common Stock · 1,200,000 shares

Expires 2029-01-22

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) 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 $55.00; (ii) 300,0000 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 $60.00; (Continued in footnote 5)

F5 · derivative.exercise_price: (iii) 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 $65.00; (iv) 300,0000 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, 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) 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 $55.00; (ii) 300,0000 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 $60.00; (Continued in footnote 5)

F5 · derivative.exercise_date: (iii) 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 $65.00; (iv) 300,0000 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001628280-21-000737 · wf-form4_161136955503442.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: 721,412

F1 · shares: Granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2023, 2024, 2025 and 2026.

F2 · balance_after: Includes 633,332 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. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-21-000740 · wf-form4_161136974097071.xml · nonDerivative · entry 2

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 810,038

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 739,149 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: 0001628280-21-000740 · wf-form4_161136974097071.xml · nonDerivative · entry 1

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 815,874

F1 · shares: Granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2022, 2023 and 2024.

F2 · balance_after: Includes 755,686 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: 0001628280-21-000741 · wf-form4_161136982177423.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,441

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 134,671 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: 0001628280-21-000741 · wf-form4_161136982177423.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 166,081

F1 · shares: Granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2022, 2023 and 2024.

F2 · balance_after: Includes 141,887 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: 0001628280-21-000739 · wf-form4_161136966354642.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 646,751

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 Second 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 488,614 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. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-21-000738 · wf-form4_161136960036882.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 656,695

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 656,695 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: 0001628280-21-000738 · wf-form4_161136960036882.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 669,303

F1 · shares: Granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2022, 2023 and 2024.

F2 · balance_after: Includes 669,303 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: 0001628280-21-000229 · wf-form4_160998535875884.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 647,048

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 Second 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 489,172 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: 0001628280-21-000228 · wf-form4_160998526645009.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: 421,412

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 Second 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 333,332 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: 0001628280-21-000136 · wf-form4_160989824662837.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: 499,999

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 December 31, 2020 in multiple transactions at prices ranging from $46.91 to $47.62. 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.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017849 · wf-form4_160936896650333.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 565,407

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 December 30, 2020 in multiple transactions at prices ranging from $47.51 to $48.26.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. The amount additionally includes 325,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.

SEC source: 0001628280-20-017849 · wf-form4_160936896650333.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 623,954

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 December 29, 2020 in multiple transactions at prices ranging from $48.80 to $48.85.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. The amount additionally includes 325,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.

SEC source: 0001628280-20-017849 · wf-form4_160936896650333.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 624,275

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 December 29, 2020 in multiple transactions at prices ranging from $47.70 to $48.66.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. The amount additionally includes 325,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.

SEC source: 0001628280-20-017849 · wf-form4_160936896650333.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: 716,745

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 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. The amount additionally includes 325,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.

SEC source: 0001628280-20-017849 · wf-form4_160936896650333.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: 716,945

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 28, 2020 in multiple transactions at prices ranging from $48.42 to $49.41. 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 and 6.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. The amount additionally includes 325,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.

SEC source: 0001628280-20-017577 · wf-form4_160816715881623.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: 499,999

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 December 15, 2020 in multiple transactions at prices ranging from $48.55 to $49.28.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017577 · wf-form4_160816715881623.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: 571,019

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 December 14, 2020 in multiple transactions at prices ranging from $48.28 to $49.05. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 4.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017421 · wf-form4_160773083590833.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: 630,235

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 December 11, 2020 in multiple transactions at prices ranging from $48.16 to $48.83.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017421 · wf-form4_160773083590833.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: 692,496

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 December 10, 2020 in multiple transactions at prices ranging from $47.83 to $48.48. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 4.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017312 · wf-form4_160756136988995.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: 752,812

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 December 9, 2020 in multiple transactions at prices ranging from $47.92 to $48.74. 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.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-20-017313 · wf-form4_160756182573037.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: 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 7, 2020 in multiple transactions at prices ranging from $46.86 to $47.39. 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: 0001628280-20-017134 · wf-form4_160712561814874.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: 9,899

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 December 4, 2020 in multiple transactions at prices ranging from $46.36 to $47.12.

SEC source: 0001628280-20-017240 · wf-form4_160747886288449.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 · 666,667 shares

Expires 2028-07-31

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 · derivative.exercise_price: Reflects the vesting of 666,667 restricted units granted on July 31, 2018 under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on December 4, 2020 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.

F1 · derivative.exercise_date: Reflects the vesting of 666,667 restricted units granted on July 31, 2018 under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on December 4, 2020 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.

SEC source: 0001628280-20-017240 · wf-form4_160747886288449.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: 840,199

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 499,999 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: 0001628280-20-017240 · wf-form4_160747886288449.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: 1,166,666

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 666,667 restricted units granted on July 31, 2018 under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on December 4, 2020 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 499,999 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: 0001628280-20-017134 · wf-form4_160712561814874.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: 68,667

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 3, 2020 in multiple transactions at prices ranging from $45.80 to $46.77. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 3.

SEC source: 0001628280-20-016999 · wf-form4_160696256896474.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: 170,870

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 December 2, 2020 in multiple transactions at prices ranging from $45.01 to $45.96.

SEC source: 0001628280-20-016999 · wf-form4_160696256896474.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: 254,500

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 1, 2020 in multiple transactions at prices ranging from $44.96 to $45.89. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 3.

SEC source: 0001628280-20-016926 · wf-form4_160678840365637.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: 370,969

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 30, 2020 in multiple transactions at prices ranging from $45.00 to $45.30.

SEC source: 0001628280-20-016926 · wf-form4_160678840365637.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: 379,084

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 27, 2020 in multiple transactions at prices ranging from $45.00 to $45.53.

SEC source: 0001628280-20-016926 · wf-form4_160678840365637.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: 399,293

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 25, 2020 in multiple transactions at prices ranging from $45.00 to $45.05. 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: 0001628280-20-016799 · wf-form4_160625896501920.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: 412,996

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 24, 2020 in multiple transactions at prices ranging from $45.00 to $45.03.

SEC source: 0001628280-20-016799 · wf-form4_160625896501920.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: 413,996

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 23, 2020 in multiple transactions at prices ranging from $45.00 to $45.44. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 3.

SEC source: 0001628280-20-016684 · wf-form4_160592460009531.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: 420,102

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 20, 2020 in multiple transactions at prices ranging from $45.00 to $45.13.

SEC source: 0001628280-20-016684 · wf-form4_160592460009531.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: 423,756

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 19, 2020 in multiple transactions at prices ranging from $45.00 to $45.21. 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 footnote 3.

SEC source: 0001628280-20-016685 · wf-form4_160592470137615.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: 400,000

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.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 19, 2020 in multiple transactions at prices ranging from $44.59 to $45.02. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001628280-20-016619 · wf-form4_160574933460878.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: 436,036

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 18, 2020 in multiple transactions at prices ranging from $45.00 to $45.04.

SEC source: 0001628280-20-016618 · wf-form4_160574928512650.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: 419,583

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 18, 2020 in multiple transactions at prices ranging from $44.73 to $45.04.

SEC source: 0001628280-20-016619 · wf-form4_160574933460878.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: 451,410

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 17, 2020 in multiple transactions at prices ranging from $45.00 to $45.01. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 3.

SEC source: 0001628280-20-016618 · wf-form4_160574928512650.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: 469,445

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 17, 2020 in multiple transactions at prices ranging from $44.07 to $45.01.

SEC source: 0001628280-20-016618 · wf-form4_160574928512650.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: 497,756

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 16, 2020 in multiple transactions at prices ranging from $44.17 to $44.90. 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.