---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-005624"
form_type: "8-K"
ticker: "ARES"
cik: "0001176948"
company_name: "Ares Management Corp"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:11:13.359451+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Ares Management CEO Michael Arougheti adopts Rule 10b5-1 plan to sell up to 1.43M shares

## Summary
- Plan covers up to 1,430,301 shares; trading may start no earlier than May 24, 2023.
- Plan expires May 23, 2024; adopted for estate planning purposes on Feb 22, 2023.
- Plan participant is Michael J Arougheti, executive officer and director, and a vehicle controlled by him.
- Company states plan was adopted when participant not in possession of material non-public info.
- Transactions will be disclosed via Form 144 and Form 4 filings.

## SEC filing metadata
- accession: 0001628280-23-005624
- form_type: 8-K
- ticker: ARES
- cik: 0001176948
- company_name: Ares Management Corp
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176948/000162828023005624/0001628280-23-005624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176948/000162828023005624/ares-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-005624
- JSON: https://secwatch.observer/filing/0001628280-23-005624.json
- Plain text: https://secwatch.observer/filing/0001628280-23-005624.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.