ARES

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 6

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 51,824

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 by the reporting person, or a vehicle controlled by him.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on March 4, 2025 in multiple transactions at prices ranging from $161.41 to $162.38.

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 5

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 58,899

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 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 March 4, 2025 in multiple transactions at prices ranging from $160.41 to $161.39.

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 4

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 75,758

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 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 March 4, 2025 in multiple transactions at prices ranging from $159.41 to $160.31.

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 3

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 81,858

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 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 March 4, 2025 in multiple transactions at prices ranging from $158.41 to $159.37.

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 2

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 90,558

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 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 March 4, 2025 in multiple transactions at prices ranging from $157.41 to $158.34.

SEC source: 0001628280-25-011131 · wk-form4_1741313186.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 97,001

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on November 19, 2024 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 March 4, 2025 in multiple transactions at prices ranging from $156.41 to $157.40. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and footnotes 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 and 16.

SEC source: 0001628280-25-006963 · wk-form4_1740102719.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

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

Disclosed balance after: 8,321,596

Underlying: Class A Common Stock · 100,000 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.

F2 · derivative.exercise_price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · derivative.exercise_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · derivative.expiration_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F3 · ownership.nature: The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.

SEC source: 0001628280-25-006963 · wk-form4_1740102719.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 100,000

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

SEC source: 0001628280-25-006962 · wk-form4_1740102655.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

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

Disclosed balance after: 8,321,596

Underlying: Class A Common Stock · 100,000 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.

F2 · derivative.exercise_price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · price: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · derivative.exercise_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F2 · derivative.expiration_date: Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.

F3 · ownership.nature: The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.

SEC source: 0001628280-25-006962 · wk-form4_1740102655.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 100,000

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

SEC source: 0001628280-25-006196 · wk-form4_1739931494.xml · nonDerivative · entry 1

Jacobson Blair · CIK 0001756898 · Co-President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 868,314

F1 · shares: Represents the number of shares of Class A Common Stock which were donated to a charity by the Reporting Person on February 14, 2025.

F2 · balance_after: Includes 426,312 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 6

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,150,000

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F8 · balance_after: Represents 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 5

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,150,700

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on February 6, 2025 in multiple transactions at prices ranging from $190.53 to $191.46.

F3 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 4

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,183,033

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on February 6, 2025 in multiple transactions at prices ranging from $189.53 to $190.52.

F3 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 3

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,201,706

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on February 6, 2025 in multiple transactions at prices ranging from $188.53 to $189.52.

F3 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 2

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,220,504

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on February 6, 2025 in multiple transactions at prices ranging from $187.53 to $188.52.

F3 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-004725 · wk-form4_1739235665.xml · nonDerivative · entry 1

deVeer R. Kipp · CIK 0001576312 · Director · Co-President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,226,295

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on February 6, 2025 in multiple transactions at prices ranging from $186.52 to $187.47. 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 ranges set forth in this footnote and footnotes 4, 5, 6 and 7.

F3 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003900 · wk-form4_1738722263.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 297,397

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 155,098 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003900 · wk-form4_1738722263.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 316,954

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2027, 2028, 2029 and 2030.

F2 · balance_after: Includes 195,098 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003899 · wk-form4_1738722222.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 221,802

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 200,129 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003899 · wk-form4_1738722222.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 240,229

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2027, 2028, 2029 and 2030.

F2 · balance_after: Includes 237,629 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003898 · wk-form4_1738722158.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,228,933

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 1,150,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003898 · wk-form4_1738722158.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,325,000

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2027, 2028, 2029 and 2030.

F2 · balance_after: Represents 1,325,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003897 · wk-form4_1738722119.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,510,845

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 1,400,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003897 · wk-form4_1738722119.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,625,000

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2027, 2028, 2029 and 2030.

F2 · balance_after: Represents 1,625,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003896 · wk-form4_1738722068.xml · nonDerivative · entry 2

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 244,931

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 185,407 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-003896 · wk-form4_1738722068.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 253,328

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2027, 2028, 2029 and 2030.

F2 · balance_after: Includes 201,657 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-002273 · wk-form4_1737598624.xml · nonDerivative · entry 2

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 183,328

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 131,657 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-002273 · wk-form4_1737598624.xml · nonDerivative · entry 1

Phillips Jarrod · CIK 0001832049 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 185,169

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2026, 2027 and 2028.

F2 · balance_after: Includes 135,096 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-002275 · wk-form4_1737598713.xml · nonDerivative · entry 2

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 291,954

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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.

F4 · balance_after: Includes 170,098 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-002275 · wk-form4_1737598713.xml · nonDerivative · entry 1

Sagati Aghili Naseem · CIK 0001779014 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 293,158

F1 · shares: Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2026, 2027 and 2028.

F2 · balance_after: Includes 173,396 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-25-002271 · wk-form4_1737598540.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 200,229

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

F2 · balance_after: Includes 197,629 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-051572 · wk-form4_1734394150.xml · nonDerivative · entry 1

Olian Judy D. · CIK 0001605729 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,088

F1 · shares: Represents the number of shares of Class A Common Stock which were donated to a charity by the Reporting Person on December 12, 2024.

F2 · balance_after: Includes 1,173 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-051271 · wk-form4_1734138631.xml · nonDerivative · entry 2

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 233,214

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on June 6, 2024 by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 11, 2024 in multiple transactions at prices ranging from $180.00 to $180.71.

F3 · balance_after: Includes 201,702 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 11

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,075,000

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 10, 2024 in multiple transactions at prices ranging from $176.90 to $177.89.

F14 · balance_after: Represents 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 10

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,105,523

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 10, 2024 in multiple transactions at prices ranging from $175.90 to $176.89.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 9

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,122,387

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 10, 2024 in multiple transactions at prices ranging from $174.89 to $175.85.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050688 · wk-form4_1733883269.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 247,771

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on June 6, 2024 by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $180.00 to $180.33. 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 201,702 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 8

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,137,400

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $179.40 to $180.33.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 7

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,152,103

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $178.24 to $179.07.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 6

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,157,710

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $177.23 to $178.14.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 5

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,171,712

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $176.23 to $177.22.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 4

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,210,329

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 9, 2024 in multiple transactions at prices ranging from $175.22 to $176.20.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 3

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,259,162

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 6, 2024 in multiple transactions at prices ranging from $177.95 to $178.67.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 2

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,307,590

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 6, 2024 in multiple transactions at prices ranging from $176.95 to $177.94.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-050687 · wk-form4_1733883210.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,368,998

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on September 6, 2024 by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on December 6, 2024 in multiple transactions at prices ranging from $175.92 to $176.91. 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 ranges set forth in this footnote and footnotes 4, 5, 6, 7, 8, 9, 10, 11, 12 and 13.

F3 · balance_after: Includes 1,075,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

SEC source: 0001628280-24-049652 · wk-form4_1733185286.xml · nonDerivative · entry 6

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

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 0

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on August 16, 2024 by the reporting person, or a vehicle controlled by him.

SEC source: 0001628280-24-049652 · wk-form4_1733185286.xml · nonDerivative · entry 5

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

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 200

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on August 16, 2024 by the reporting person, or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 27, 2024 in multiple transactions at prices ranging from $178.96 to $179.78.

SEC source: 0001628280-24-049652 · wk-form4_1733185286.xml · nonDerivative · entry 4

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

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 4,300

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on August 16, 2024 by the reporting person, or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on November 27, 2024 in multiple transactions at prices ranging from $177.95 to $178.94.

SEC source: 0001628280-24-049652 · wk-form4_1733185286.xml · nonDerivative · entry 3

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

10b5-1 filing: Plan reported

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 7,100

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan adopted on August 16, 2024 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 27, 2024 in multiple transactions at prices ranging from $176.66 to $177.60.