Sagati Aghili Naseem 4

What Happened Sagati Aghili Naseem, General Counsel of Ares Management Corporation (ARES), was granted 100,000 restricted units on January 31, 2026 (acquired at $0.00). Concurrently, 23,861 shares were withheld by the issuer to satisfy minimum tax withholding obligations at a withheld price of $149.67 per share, producing proceeds/withholding value of $3,571,276. The grant is an award of restricted units (each unit converts to one Class A common share upon vesting) rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026 (timely filing).
• Grant: 100,000 restricted units (code A) at $0.00.
• Tax withholding: 23,861 shares withheld (code F) at $149.67, value $3,571,276.
• Shares owned after transaction: Not provided in the Form 4.
• Footnotes of note:
  • The 100,000 restricted units are subject to vesting restrictions (see footnote F1: restrictions lapse in four equal installments on Jan 31 of 2028–2031).
  • Footnote F3 confirms the 23,861 shares were withheld by the issuer to cover minimum tax withholding on vested restricted units.
  • Other footnotes reference additional restricted-unit grants included in the filer’s holdings (e.g., 254,872 and 204,872 restricted units described in F2 and F4) and their standard installment vesting schedules.

Context This filing reflects an equity award (restricted-unit grant) and a corresponding share-withholding for taxes—not an open-market sale. Share withholding to cover tax obligations is a common, administrative disposition and does not necessarily signal a decision to realize gains in the open market. Restricted units vest over future years (multi-year installment schedule), so the economic benefit to the insider is tied to future vesting events.