Derivative exercise or conversion — not an open-market buy.
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 OwnershipAll the details
Dates, kept separate
Transaction date
Nov 14, 2025
Reporting period
Not applicable
Filed with the SEC
Nov 19, 2025
CEOIndirect holdingOption exercise
Context
Classification
option exercise
Code C — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001304471-25-000010
Filed / recorded
Nov 19, 2025, 12:53 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
Ares Operating Group Units
Table
Derivative (Table II)
Transaction date
Nov 14, 2025
Transaction code
C
Shares / units
590,000
Acquired / disposed
Disposed (D)
Shares owned after
7,251,596
Ownership form
Indirect — By Ares Owners Holdings L.P.
Amendment
No
Footnotes from the filing
Pursuant to the terms of the Sixth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of May 8, 2025, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.
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 AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.