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

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

Summary

• On May 15, 2024, David B. Kaplan, Co-Founder and Director of Ares Management Corp, reported a transaction.
• Kaplan indirectly acquired 250,000 shares of Class A Common Stock through Trently Holdings, LLC at a price of $0.
• Following the transaction, Kaplan indirectly owns 250,000 shares of Class A Common Stock through Trently Holdings, LLC.
• Kaplan also indirectly owns 1,180,052 shares of Class A Common Stock through Ares Owners Holdings L.P.
• Additionally, Kaplan indirectly acquired 250,000 Ares Operating Group Units through Ares Owners Holdings L.P.
• Following the transaction, Kaplan indirectly owns 8,921,596 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 outlined in the Fifth Amended and Restated Exchange Agreement.

Sentiment

Score: 5

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

Future Outlook

The Ares Operating Group 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 Fifth Amended and Restated 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 ownership changes within Ares Management Corp.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects changes in insider ownership.
• The transaction does not appear to have any immediate impact on employees, customers, suppliers, or creditors.

Key Dates