Form 4: Ares Management Corp Director David B. Kaplan Reports Transaction

Director David B. Kaplan reports a transaction involving Ares Management Corp Class A Common Stock and Ares Operating Group Units.

Summary

• On February 18, 2025, David B. Kaplan, Co-Founder and Director of Ares Management Corp, reported a transaction.
• Kaplan acquired 100,000 Class A Common Stock through a transaction coded as 'C'.
• Following the transaction, Kaplan directly owns 0 shares and indirectly owns 100,000 shares through Trently Holdings, LLC and 1,150,052 shares through Ares Owners Holdings L.P.
• Kaplan also acquired 100,000 Ares Operating Group Units through a transaction coded as 'C'.
• Following the transaction, Kaplan indirectly owns 8,321,596 Ares Operating Group Units through Ares Owners Holdings L.P.
• These AOG Units are exchangeable for Class A Common Stock on a one-for-one basis, subject to certain requirements and restrictions, as per the Fifth Amended and Restated Exchange Agreement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The AOG Units are exchangeable for shares of Class A Common Stock on a one-for-one basis, subject to certain requirements and restrictions outlined in the Exchange Agreement.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, which is common in the financial industry. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a key insider.

Key Dates

Keywords

Ares Management Corp, David B. Kaplan, Class A Common Stock, Ares Operating Group Units, AOG Units, Transaction, Director, Ownership, Form 4