Item 8.01 Other Events
Michael J Arougheti, an executive officer and director ofAres Management Corporation (the "Company") and a vehicle controlled by him (collectively, the "Plan Participant") entered into a Rule 10b5-1 Trading Plan to sell shares of the Company's Class A common stock, subject to any applicable volume limitations. The table below provides certain information regarding the Plan Participant's Rule 10b5-1 Trading Plan. Maximum Shares That May Name Plan Date Be Sold Under The Plan Plan Expiration Date Michael J Arougheti and a February 22, 2023 1,430,301 May 23, 2024 vehicle controlled by him Trading under the Rule 10b5-1 Trading Plan may commence no sooner thanMay 24, 2023 and will end on the earlier of the applicable date set forth above and the date on which all the shares in the plan are sold. The Rule 10b5-1 Trading Plan was entered into for estate planning purposes. A Rule 10b5-1 Trading Plan is a written document that pre-establishes the amounts, prices and dates (or formulas for determining the amounts, prices and dates) of future purchases or sales of the Company's common stock, including, if applicable, shares issued upon exercise of stock options or vesting of restricted stock units. The Plan Participant's Rule 10b5-1 Trading Plan was adopted during an authorized trading period and when such Plan Participant was not in possession of material non-public information. The transactions under the Plan Participant's Rule 10b5-1 Trading Plan will be disclosed publicly through Form 144 and Form 4 filings with theSecurities and Exchange Commission . Other officers, insiders and employees of the Company may from time to time establish stock trading plans under Rule 10b5-1. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 Trading Plans of the Company's officers or directors. By furnishing the information in this Item 8.01, the Company is making no admission as to the materiality of such information. 2
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