Transaction Details

Footnotes

This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 21, 2025 by the reporting person, or a vehicle controlled by him. | The price reported in Column 4 is a weighted average price. These shares were sold on September 10, 2025 in multiple transactions at prices ranging from $175.58 to $176.55. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and footnotes 3, 4 and 5. | The price reported in Column 4 is a weighted average price. These shares were sold on September 10, 2025 in multiple transactions at prices ranging from $177.17 to $178.16. | The price reported in Column 4 is a weighted average price. These shares were sold on September 10, 2025 in multiple transactions at prices ranging from $178.17 to $179.16. | The price reported in Column 4 is a weighted average price. These shares were sold on September 10, 2025 in multiple transactions at prices ranging from $179.17 to $179.83. | The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.