Insider trade

CEO sold ~$16.9M of ARES shares in the open market

Traded Nov 24, 2025 · Filed Nov 26, 2025

Ares ManagementARES

~$16.9M
Reported value · 113K sh @ $150.15: 477K
Holds after · shares reported: -22.3%
stock since the trade · S&P 500 +14.2%, $150.11 → $116.57 on Oct 1

Why it stands out

The boss of Ares Management sold $16.9M 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 24, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 26, 2025

CEOIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$16,937,821

Shares × reported transaction price

Timing vs results

21 days after results of Nov 3, 2025, 73 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 $150.11 on Nov 24, 2025, 27% above its 52-week low and 24% below its high, after a 5% rise over the previous 30 trading days

52-week range $118.04 (Apr 4, 2025) to $198.22 (Jan 31, 2025), 40% of the way up, from 250 adjusted closes. 30 trading days earlier: $143.63 on Oct 13, 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	+4.8%	+0.6%	+4.2%
30 days	+9.2%	+1.6%	+7.6%
90 days	-24.2%	+1.1%	-25.3%
180 days	-18.9%	+10.4%	-29.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001304471-25-000012
Filed / recorded: Nov 26, 2025, 2:15 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 24, 2025
Transaction code: S
Shares / units: 112,806
Price per share: $150.15
Acquired / disposed: Disposed (D)
Shares owned after: 477,194
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 24, 2025 in multiple transactions at prices ranging from $150.00 to $150.53. 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 and 6.

Around the same time

10mo ago

425KDerivative units

Gift or transfer — classified separately from trades.

Why it stands out Official record

10mo ago

40KShares

Gift or transfer — classified separately from trades.

Why it stands out Official record

10mo ago

15KShares

Gift or transfer — classified separately from trades.

Why it stands out Official record