About 1.9% overall. As a group they still hold 98% of their starting shares. The biggest individual seller, Michael Arougheti, gave up 6.4% of starting holdings. These figures leave out Antony Ressler, the largest holder (most holdings were last confirmed in 2014).
No officer or director trades were reported for the past 30 days. The most recent before that:
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Blair Jacobson Co-President | 8,000 | n/a | 0.7% | 1.10M | Aug 20, 2026 | Aug 21, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
Percentages cover 13 of 14 officers and directors. Left out: Antony Ressler (most holdings were last confirmed in 2014). Disclosed company stock is not an insider's whole wealth.
Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
Yes. Michael Arougheti sold 590K shares ($90.7M, 6.4% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.
Yes. 2 officers or directors reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).
About 1.9% overall. As a group they still hold 98% of their starting shares. The biggest individual seller, Michael Arougheti, gave up 6.4% of starting holdings. These figures leave out Antony Ressler, the largest holder (most holdings were last confirmed in 2014). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 8, 2025 | Sold | Held Oct 8, 2026 | Still held | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
David KaplaniAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Co-Founder, Director | 9.35M | 0 | 9.31M | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for David Kaplan0shares vested or exercised −40Kgifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported Dec 2, 2015, not confirmed since: 3,480,052 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Bennett RosenthaliAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Co-Founder & Chairman of PEG, Director | 9.27M | 0 | 9.26M | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Bennett Rosenthal0shares vested or exercised −15Kgifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported Dec 2, 2015, not confirmed since: 3,480,052 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Michael AroughetiiAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Co-Founder and CEO, Director | 9.24M | −590K | 8.19M | 89% | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Michael Arougheti0shares vested or exercised −425Kgifted (net of own trusts) −235Kwithheld by the company for taxes none reportedunvested awards, start → end
Additional holdings last reported Jan 31, 2023, not confirmed since: 7,652,028 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Kipp deVeeriAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Co-President, Director | 2.36M | 0 | 2.38M | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Kipp deVeer0shares vested or exercised 0gifted (net of own trusts) −184Kwithheld by the company for taxes none reportedunvested awards, start → end
Additional holdings last reported Jan 31, 2020, not confirmed since: 1,528,679 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Antony Ressler!Most of this insider's holdings were last confirmed in 2014. Confirmed in the last three years: 2,235,625 shares. Not confirmed since: 65,785,153 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part. Co-Founder & Exec. Chairman, Director | 2.24M | 0 | 2.24M | see note | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Antony Ressler0shares vested or exercised 0gifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported May 1, 2014, not confirmed since: 65,785,153 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
| Blair Jacobson Co-President | 860K | 0 | 1.10M | no sales | ||||||||||||||||
| Aghili Sagati General Counsel | 255K | −5.8K | 327K | +28% | ||||||||||||||||
| Jarrod Phillips Chief Financial Officer | 242K | 0 | 325K | no sales | ||||||||||||||||
Paul JoubertiAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Director | 42K | 0 | 44K | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Paul Joubert0shares vested or exercised 0gifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported Jun 11, 2014, not confirmed since: 13,947 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Michael LyntoniAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Director | 32K | 0 | 34K | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Michael Lynton0shares vested or exercised 0gifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported May 1, 2014, not confirmed since: 3,947 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
Judy OlianiAdditional holdings last reported more than 3 years ago are shown separately and excluded from totals. Director | 29K | 0 | 31K | no sales | ||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Judy Olian0shares vested or exercised 0gifted (net of own trusts) none reportedunvested awards, start → end
Additional holdings last reported Dec 5, 2014, not confirmed since: 5,747 shares. Not included in any total or percentage on this page.
| ||||||||||||||||||||
| Ashish Bhutani Director | 24K | 0 | 36K | no sales | ||||||||||||||||
| Antoinette Bush Director | 22K | 0 | 24K | no sales | ||||||||||||||||
| Eileen Naughton Director | 6.9K | 0 | 8.6K | no sales | ||||||||||||||||
14 of 14 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (14 exactly, 0 with a minor or footnoted difference). Percentages cover 13 of 14 officers and directors. Left out: Antony Ressler (most holdings were last confirmed in 2014). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.
Officer and director open-market sales: $91.5M across 595,770 shares. Plan status and stated purpose are separate questions, and a sale can have both.
513,730 shares ($70.5M) were withheld by the company for taxes, which isn't a market sale.
2 officers and directors bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 31 purchase trades.
Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| Michael Arougheti Co-Founder and CEO, Director | 590K | $90.7M | 100% | 99% | Nov 24, 2025 to Dec 1, 2025 |
| Aghili Sagati General Counsel | 5.8K | $828K | 100% | 0.9% | Jan 22, 2026 to Feb 4, 2026 |
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 | $0 |
| Nov 2025 | $81.8M | $81.8M | $0 | $0 |
| Dec 2025 | $8.8M | $8.8M | $0 | $0 |
| Jan 2026 | $299K | $299K | $0 | $0 |
| Feb 2026 | $529K | $529K | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 | $0 |
| May 2026 | $0 | $0 | $0 | $0 |
| Jun 2026 | $0 | $0 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 | $0 |
| Aug 2026 | $0 | $0 | $0 | $0 |
| Sep 2026 | $0 | $0 | $0 | $0 |
| Oct 2026 | $0 | $0 | $0 | $0 |
Less than usual: about one-seventh of the 5-year average. 2 insiders sold; the average is 6 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 8, 2026 Latest 12 months | 596K | 2 | $91.5M |
| Oct 8, 2025 1 year earlier | 4.99M | 7 | $874M |
| Oct 8, 2024 2 years earlier | 7.83M | 7 | $1.05B |
| Oct 9, 2023 3 years earlier | 5.22M | 8 | $459M |
| Oct 9, 2022 4 years earlier | 1.33M | 3 | $108M |
| Oct 9, 2021 5 years earlier | 2.24M | 5 | $108M |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Every officer and director reconciles for this period.
Inferred rename: the share class "Common Shares" is treated as the same class as "Class A Common Stock" on 7 holding lines, because the old title was never reported again on those lines and each balance carried over exactly. Example (Michael Lynton, 17,708 shares): old title, new title
External context: we only cite outside events when a documented connection exists. None is shown for this period.
All 495 Forms 3, 4 and 5 filed for Ares Management (SEC CIK 1176948) from May 1, 2014 to Aug 21, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 174 filings were left out because Ares Management filed them as an owner of another company's stock.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".
| Name | Last filed | Last reported balance |
|---|---|---|
| Ryan Berry | Feb 4, 2025 | 1,666,744 shares, last reported balance as of Jan 31, 2025 |
| Ares Management Corp | Aug 10, 2021 | 64,707 shares, last reported balance as of Aug 4, 2021 |
| Michael McFerran | Aug 3, 2021 | 2,026,826 shares, last reported balance as of Jul 30, 2021 |
| Michael Weiner | Jan 17, 2020 | 1,087,821 shares, last reported balance as of Jun 11, 2019 |
| Ares Partners Holdco LLC | Dec 6, 2018 | 151,482,874 shares, last reported balance as of Nov 26, 2018 |
| John Kissick | Dec 3, 2015 | 5,572,936 shares, last reported balance as of Dec 2, 2015 |
| Daniel Nguyen | May 5, 2014 | 653,015 shares, last reported balance as of May 1, 2014 |