Insider trade

CEO sold ~$8.37M of ARES shares in the open market

Traded Nov 28, 2025 · Filed Dec 2, 2025

Ares ManagementARES

~$8.37M
Reported value · 53K sh @ $156.66: 56K
Holds after · shares reported: -25.7%
stock since the trade · S&P 500 +11.8%, $156.85 → $116.57 on Oct 1

Why it stands out

The boss of Ares Management sold $8.37M of Ares Management shares. It was planned long ago, so it says very little.

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

~$8,373,790

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: 53,452
Price per share: $156.66
Acquired / disposed: Disposed (D)
Shares owned after: 56,257
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 $156.26 to $157.11.