SEC Form 4
Ares Management Corporation (ARES) insider trading
In the 12 months to Oct 24, 2026, 2 ARES insiders reported open-market sales of $91.5M across 4 filings; 2 insiders bought $1.3M.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $91.5M
- 4 filings · 2 insiders
- Open-market purchases
- $1.3M
- 2 filings
- Pre-arranged sales (10b5-1)
- 4 of 4
- All $91.5M sold was pre-arranged
Who traded ARES, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
ARES daily close from Oct 24, 2025 to Oct 23, 2026, between $96.50 and $178.28, last $122.08. 4 sale and 2 purchase filings by 4 insiders, marked at their filing dates. Michael J. Arougheti, Co-Founder and CEO: sold $90.7M across 2 filings, first filed Nov 25, 2025, last Dec 1, 2025. Ashish Bhutani, Director: bought $1.3M across 1 filing, first filed Feb 10, 2026, last Feb 10, 2026. Aghili Naseem Sagati, General Counsel: sold $828.3K across 2 filings, first filed Jan 26, 2026, last Feb 6, 2026. Judy D. Olian, Director: bought $59.7K across 1 filing, first filed Feb 24, 2026, last Feb 24, 2026.
Largest mark · tap a row for others
Michael J. Arougheti · Co-Founder and CEO
Filing 1 of 2 within a week · $90,655,129 total
Sale $45,380,330
299,003 shares at $151.77 avg
Filed Nov 25, 2025 · traded Nov 24
Pre-arranged (10b5-1) · close on filing date $152.87
Michael J. Arougheti · Co-Founder and CEO
Co-Founder and CEO
$90.7M soldAshish Bhutani · Director
Director
$1.3M boughtAghili Naseem Sagati · General Counsel
General Counsel
$828.3K soldJudy D. Olian · Director
Director
$59.7K boughtHas the Ares Management Corporation's CEO sold stock?
Yes. Michael J. Arougheti (CEO) sold 590,000 shares ($90.7M) between Nov 2025 and Dec 2025, all under a pre-arranged 10b5-1 plan.
Open-market trades
6 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Michael J. Arougheti | Co-Founder and CEO | $90.7M | — | 2 | 100% of sales | |
| Ashish Bhutani | Director | — | $1.3M | 1 | — | |
| Aghili Naseem Sagati | General Counsel | $828.3K | — | 2 | 100% of sales | |
| Judy D. Olian | Director | — | $59.7K | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Judy D. Olian Director | Purchase | 480 | $124.43 | $59.7K | 29,734 | |
traded | Ashish Bhutani Director | Purchase | 10,000 | $126.61 | $1.3M | 34,071 | |
traded | Aghili Naseem Sagati General Counsel | SalePre-arranged (10b5-1) | 3,921 | $134.92 | $529.0K | 330,110 | |
traded | Aghili Naseem Sagati General Counsel | SalePre-arranged (10b5-1) | 1,849 | $161.84 | $299.2K | 254,671 | |
traded | Michael J. Arougheti Co-Founder and CEO | SalePre-arranged (10b5-1) | 290,997 | $155.59 | $45.3M | 0 | |
traded | Michael J. Arougheti Co-Founder and CEO | SalePre-arranged (10b5-1) | 299,003 | $151.77 | $45.4M | 290,997 |
GET /stocks/filings/vX/form-4?tickers=ARES&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"ARES",
"ARESpB"
],
"issuer_cik": "0001176948",
"owner_cik": "0001605729",
"accession_number": "0001605729-26-000002",
"form_type": "4",
"filing_date": "2026-02-24",
"period_of_report": "2026-02-20",
"issuer_name": "Ares Management Corp",
"issuer_trading_symbol": "ARES",
"owner_name": "Olian Judy D.",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Class A Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-02-20",
"transaction_code": "P",
"equity_swap_involved": false,
"transaction_shares": 480,
"transaction_price_per_share": 124.43,
"transaction_acquired_disposed": "A",
"shares_owned_following_transaction": 29734,
"transaction_value": 59726.4,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "Includes 1,166 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement."
}
]
},
{
"tickers": [
"ARES",
"ARESpB"
],
"issuer_cik": "0001176948",
"owner_cik": "0001287727",
"accession_number": "0001287727-26-000002",
"form_type": "4",
"filing_date": "2026-02-10",
"period_of_report": "2026-02-06",
"issuer_name": "Ares Management Corp",
"issuer_trading_symbol": "ARES",
"owner_name": "BHUTANI ASHISH",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Class A Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-02-06",
"transaction_code": "P",
"equity_swap_involved": false,
"transaction_shares": 10000,
"transaction_price_per_share": 126.61,
"transaction_acquired_disposed": "A",
"shares_owned_following_transaction": 34071,
"transaction_value": 1266100,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "The price reported in Column 4 is a weighted average price. These shares were purchased on February 6, 2026 in multiple transactions at prices ranging from $126.11 to $127.07. 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 purchased at each separate price within the range set forth in this footnote."
},
{
"id": "F2",
"description": "Includes 1,166 restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 30 records
- Tax withholding11 records
- Grants and awards13 records
- Gifts5 records
- Other1 record
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for ARES every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.