Transaction Details

Footnotes

This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 13, 2024 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 August 20, 2025 in multiple transactions at prices ranging from $176.00 to $176.99. 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, 5, 6, 7, 8, 9, 10, 11, 12 and 13. | The price reported in Column 4 is a weighted average price. These shares were sold on August 20, 2025 in multiple transactions at prices ranging from $177.00 to $177.97. | The price reported in Column 4 is a weighted average price. These shares were sold on August 20, 2025 in multiple transactions at prices ranging from $178.03 to $179.02. | The price reported in Column 4 is a weighted average price. These shares were sold on August 20, 2025 in multiple transactions at prices ranging from $179.03 to $179.82. | The price reported in Column 4 is a weighted average price. These shares were sold on August 21, 2025 in multiple transactions at prices ranging from $177.52 to $178.51. | The price reported in Column 4 is a weighted average price. These shares were sold on August 21, 2025 in multiple transactions at prices ranging from $178.52 to $179.13. | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $178.22 to $179.10 | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $179.37 to $180.34. | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $180.37 to $181.36. | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $181.37 to $182.36. | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $182.37 to $183.33. | The price reported in Column 4 is a weighted average price. These shares were sold on August 22, 2025 in multiple transactions at prices ranging from $183.39 to $183.93. | Represents 1,400,000 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.