Form 4: Ares Management CEO Michael Arougheti Executes Stock Sales Under 10b5-1 Plan

Ares Management Corp's CEO, Michael Arougheti, sold Class A Common Stock on May 20 and 21, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Michael J. Arougheti, Co-Founder and CEO of Ares Management Corp, reported the sale of Class A Common Stock on May 20 and 21, 2025.
• The sales were executed under a 10b5-1 trading plan adopted on December 13, 2024.
• On May 20, 2025, Arougheti sold shares at weighted average prices of $165.91, $166.93, and $167.59.
• On May 21, 2025, further sales occurred at weighted average prices of $159.25, $160.44, $161.33, $162.42, $163.49, and $164.4.
• The sales were conducted both directly and indirectly through Atticus Enterprises LLC.
• Following the reported transactions, Arougheti directly owns 1,400,000 shares of Class A Common Stock and indirectly owns varying amounts through Atticus Enterprises LLC.
• Arougheti also holds 1,400,000 restricted units granted under an equity incentive plan, each representing the right to receive one share of Class A Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

• The stock sales by the CEO could have a minor impact on shareholder sentiment, depending on the volume and the market's interpretation of the sales.
• The sales do not appear to have any immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Ares Management Corp, Michael Arougheti, Class A Common Stock, 10b5-1 trading plan, stock sale, Atticus Enterprises LLC, restricted units, equity incentive plan