Arougheti Michael J 4
4 · Ares Management Corp · Filed Dec 1, 2025
Insider Transaction Report
Form 4
Arougheti Michael J
DirectorCo-Founder and CEO
Transactions
- Sale
Class A Common Stock
2025-11-26$152.83/sh−1,499$229,092→ 289,498 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-26$153.87/sh−19,332$2,974,615→ 270,166 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-26$154.60/sh−114,469$17,696,907→ 155,697 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-26$155.16/sh−767$119,008→ 154,930 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-28$154.95/sh−13,495$2,091,050→ 141,435 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-28$155.81/sh−31,726$4,943,228→ 109,709 total(indirect: By LLC) - Sale
Class A Common Stock
2025-11-28$156.66/sh−53,452$8,373,790→ 56,257 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$153.50/sh−1,878$288,273→ 54,379 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$154.35/sh−2,737$422,456→ 51,642 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$155.62/sh−5,400$840,348→ 46,242 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$157.61/sh−31,266$4,927,834→ 14,976 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$158.08/sh−14,067$2,223,711→ 909 total(indirect: By LLC) - Sale
Class A Common Stock
2025-12-01$158.95/sh−909$144,486→ 0 total(indirect: By LLC)
Holdings
- 1,400,000
Class A Common Stock
Footnotes (15)
- [F1]This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 13, 2024 by the reporting person, or a vehicle controlled by him.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $153.83 to $154.53.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $155.01 to $155.75.
- [F12]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $156.89 to $157.86.
- [F13]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $157.90 to $158.89.
- [F14]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $158.90 to $158.99.
- [F15]Represents 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $152.12 to $153.10. 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 and 14.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $153.12 to $154.11.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $154.12 to $155.11.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold on November 26, 2025 in multiple transactions at prices ranging from $155.12 to $155.21.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $154.26 to $155.21.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $155.26 to $156.25.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold on November 28, 2025 in multiple transactions at prices ranging from $156.26 to $157.11.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold on December 1, 2025 in multiple transactions at prices ranging from $152.83 to $153.81.