Insider trade

CEO sold ~$2.09M of ARES shares in the open market

Traded Nov 28, 2025 · Filed Dec 2, 2025

~$2.09M
Approx. value · 13K sh @ $154.95: 141K
Holds after · shares reported: −24.9%
stock since the trade · S&P 500 +14.0%, $156.85 → $117.74 on Oct 6

Why it stands out

The CEO of Ares Management sold $2.09M of Ares Management shares. The filing says it was made under a pre-arranged trading plan.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 28, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 2, 2025

CEOIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,091,050

Shares × reported transaction price

Timing vs results

25 days after results of Nov 3, 2025, 69 days before results of Feb 5, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $156.85 on Nov 28, 2025, 33% above its 52-week low and 21% below its high, after an 11% rise over the previous 30 trading days

52-week range $118.04 (Apr 4, 2025) to $198.22 (Jan 31, 2025), 48% of the way up, from 250 adjusted closes. 30 trading days earlier: $141.24 on Oct 16, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+10.2%	+0.2%	+10.0%
30 days	+4.0%	+0.2%	+3.8%
90 days	−29.1%	+0.7%	−29.8%
180 days	−19.5%	+11.3%	−30.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001304471-25-000014
Filed / recorded: Dec 2, 2025, 1:57 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Ares Management Corp
Issuer CIK: 1176948
Ticker: ARES
Reporting person: Michael J Arougheti
Relationship: Director, Officer
Officer title: Co-Founder and CEO
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 28, 2025
Transaction code: S
Shares / units: 13,495
Price per share: $154.95
Acquired / disposed: Disposed (D)
Shares owned after: 141,435
Ownership form: Indirect — By Atticus Enterprises LLC
Amendment: No

Footnotes from the filing

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 November 28, 2025 in multiple transactions at prices ranging from $154.26 to $155.21.