Form 4: Ares Management Corp Co-Founder David Kaplan Sells Class A Common Stock

David Kaplan, Co-Founder of Ares Management Corp, executed multiple sales of Class A Common Stock on May 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• David Kaplan, Co-Founder of Ares Management Corp, reported the sale of Class A Common Stock on May 15, 2025.
• The sales were executed under a 10b5-1 trading plan adopted on February 13, 2025.
• The transactions involved multiple sales at weighted average prices ranging from $168.10 to $173.21.
• Kaplan sold shares directly and indirectly through Trently Holdings, LLC.
• After the reported transactions, Kaplan continues to indirectly own shares through Trently Holdings, LLC and Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard Form 4 filing reporting stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a company co-founder could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Ares Management Corp, David Kaplan, Class A Common Stock, Form 4, SEC Filing, 10b5-1 Trading Plan, Trently Holdings LLC, Ares Owners Holdings L.P., Insider Trading