Sagati Aghili Naseem 4

What Happened

Sagati Aghili Naseem, General Counsel of Ares Management Corporation (ARES), sold a total of 1,849 shares in open-market transactions on January 22, 2026. The sales were reported as three disposals: 1,249 shares at a weighted average price of $161.36 ($201,539), 400 shares at $162.28 ($64,912), and 200 shares at $163.94 ($32,788), for combined proceeds of about $299,239. These transactions are sales (not purchases) and were effected under a pre-established 10b5-1 trading plan.

Key Details

• Transaction date: January 22, 2026; Form 4 filed January 26, 2026 (within the two-business-day filing window).
• Total shares sold: 1,849; total proceeds: ~$299,239.
• Reported weighted-average prices and ranges:
  • 1,249 shares — weighted avg $161.36; range $160.92–$161.89 (footnote F2).
  • 400 shares — weighted avg $162.28; range $162.16–$162.57 (footnote F4).
  • 200 shares — weighted avg $163.94; range $163.57–$164.31 (footnote F5).
• Notable footnotes:
  • F1: Sales were effected pursuant to a 10b5-1 trading plan adopted June 11, 2025.
  • F2–F5: Weighted-average prices reported; detailed per-transaction price breakdowns are available on request.
  • F3: Filing notes inclusion of 154,872 restricted units in the reporting person’s holdings (each unit converts to one share upon vesting).
• Shares owned after transaction: Not specified in the excerpt provided; the filing indicates restricted units (see F3) are included in reported holdings.

Context

• These were routine open-market sales executed under a preplanned 10b5-1 arrangement, which is commonly used by insiders to sell shares on a preset schedule and reduces implication of trading on non-public information. Sales do not necessarily indicate a change in view on the company.
• For retail investors, purchases often carry more signal than routine, pre-planned sales; this filing documents disposition of a relatively small number of shares by a senior executive.