BHUTANI ASHISH 4

What Happened
Ashish Bhutani, a director of Ares Management Corporation (ARES), purchased 10,000 shares on February 6, 2026 in an open-market/private purchase (code P) for a reported weighted-average price of $126.61, representing a total of approximately $1,266,100. This was a direct purchase of common stock (a purchase is often viewed as a more bullish signal than a sale).

Key Details

• Transaction date: February 6, 2026. Transaction code: P (Purchase).
• Price: weighted-average $126.61 per share; purchases occurred in multiple trades at prices ranging $126.11–$127.07 (footnote F1).
• Total value: ~$1,266,100.
• Shares owned after the transaction: not specified in the filing.
• Notable footnotes:
  • F1: Price is a weighted average; reporting person can provide per-trade breakdown on request.
  • F2: Filing notes inclusion of 1,166 restricted units granted under Ares’ equity incentive plan (each converts to one share upon vesting; vesting in installments).
• Filing timeliness: Report filed on Feb 10, 2026; this is within the SEC’s two-business-day Form 4 filing window for a Feb 6 transaction (timely).

Context
This was a straightforward open-market purchase of stock (no option exercise, gift, or immediate resale noted). The filing is factual and does not state the insider’s motive; purchases by insiders can attract attention from investors as a sign of confidence, but they do not guarantee future stock performance.