Sagati Aghili Naseem 4

What Happened

• Sagati Aghili Naseem, General Counsel of Ares Management Corporation (ARES), sold a total of 3,821 shares in multiple open-market transactions on February 4, 2026, for aggregate proceeds of approximately $529,032. Individual reported lots: 300 @ $126.68 ($38,004); 300 @ $128.98 ($38,694); 100 @ $131.61 ($13,161); 300 @ $134.00 ($40,200); 1,110 @ $135.28 ($150,161); 611 @ $136.74 ($83,548); and 1,200 @ $137.72 ($165,264).
• These were sales (S) — routine dispositions rather than purchases, and at least some trades were effected under a pre-established trading plan.

Key Details

• Transaction date: February 4, 2026 (Form filed Feb 6, 2026 — filing appears timely under Form 4 rules).
• Prices: reported as weighted averages for several lots; detailed per-lot prices above. The filing’s price ranges across the day span roughly $126.41 to $138.07 (per filing footnotes).
• Total shares sold: 3,821; total proceeds: ~$529,032.
• Holdings after transaction: filing notes holdings include 204,872 restricted units (each representing the right to one share upon vesting). The provided summary did not specify the reporter’s full total share count after these sales beyond that disclosure.
• Notable footnotes: the filing indicates at least some sales were made pursuant to a 10b5-1 trading plan adopted June 11, 2025, and that several reported prices are weighted averages with component price ranges available on request.

Context

• Sales under a 10b5-1 plan are pre-scheduled and are generally viewed as routine; they do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases are often more informative than routine sales, but disclosure of these trades helps track insider activity and timing.