deVeer R. Kipp 4

What Happened

• deVeer R. Kipp, Co‑President and Director of Ares Management Corporation (ARES), had 82,957 shares of Class A common stock withheld on 2026-06-30 to satisfy tax withholding obligations tied to the vesting of restricted units. The withheld shares were recorded as a disposition at $111.31 per share, totaling $9,233,944. This is a routine tax-withholding transaction rather than an open-market sale.

Key Details

• Transaction date and price: 2026-06-30; 82,957 shares withheld at $111.31/share (total $9,233,944).
• Transaction type/code: Tax withholding on vested restricted units (footnote code F).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Shares were withheld by the issuer to satisfy minimum tax withholding on vesting of restricted units; each restricted unit equals one share.
  • F2: The filer holds 987,500 restricted units granted under Ares' equity incentive plan; the units vest in installments per the award agreement.
• Filing timeliness: Reported on 2026-07-02 for a 2026-06-30 transaction; appears to be filed within the standard Form 4 reporting window.

Context

• This was a cashless tax-withholding event tied to the vesting of restricted units (each unit converts to one share on vesting). Such withholdings are common and typically reflect tax obligations rather than a directional bet on the company's stock.