Ryan Berry Amends Ares Mgmt Stake to 782,926 Shares

TL;DR

**Ryan Berry updated his Ares Management (ARES) stake to 782,926 shares.**

AI Summary

Ryan Berry, a Canadian citizen, filed an Amendment No. 5 to his SC 13G/A for Ares Management Corporation (ARES) on February 12, 2024, reporting beneficial ownership of 782,926 shares of Class A common stock as of December 31, 2023. This filing indicates a change in his ownership stake, which is important for investors as it provides transparency into significant shareholder activity and can signal confidence or concern from key individuals associated with the company.

Why It Matters

This filing shows an updated ownership position from a significant individual, which can influence investor sentiment and provide insight into insider confidence in Ares Management Corporation's future performance.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate high-risk events for the company.

Analyst Insight

Investors should note Ryan Berry's updated stake as a data point for insider holdings, but this filing alone doesn't suggest immediate action. It's a routine update of a significant shareholder's position.

Key Numbers

• 782,926 — Shares Beneficially Owned (Total Class A common stock shares owned by Ryan Berry as of December 31, 2023)
• $0.01 — Par Value per Share (Par value of Ares Management Corporation's Class A common stock)

Key Players & Entities

• Ryan Berry (person) — Reporting Person, beneficial owner of Ares Management Corp shares
• Ares Management Corporation (company) — Issuer of the Class A common stock
• Canada (country) — Citizenship of Ryan Berry
• December 31, 2023 (date) — Date of event requiring the filing

Forward-Looking Statements

• Ryan Berry's continued significant ownership suggests a long-term commitment to Ares Management Corporation. (Ryan Berry) — medium confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.01 — suer) Class A common stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• tm245692d1_sc13ga.htm (SC 13G/A) — 37KB
• 0001104659-24-015638.txt ( ) — 39KB

(a)

Item 1(a). Name of Issuer: Ares Management Corporation (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 2000 Avenue of the Stars, 12 th Floor Los Angeles, California 90067

(a)

Item 2(a). Names of Persons Filing: This statement is filed by Ryan Berry, referred to herein as the “ Reporting Person .”

(b)

Item 2(b). Address of the Principal Business Office or, if None, Residence: 2000 Avenue of the Stars, 12 th Floor Los Angeles, California 90067

(c)

Item 2(c). Citizenship: See response to Item 4 on the cover page.

(d)

Item 2(d). Title of Class of Securities: Class A common stock, $0.01 par value per share

(e)

Item 2(e). CUSIP Number: 03990B 101 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n): Not Applicable. Item 4. The information contained on the cover page to this Schedule 13G is incorporated herein by reference. (a) Amount beneficially owned: See response to Item 9 on the cover page. (b) Percent of Class: See response to Item 11 on the cover page. (c) Number of shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: See response to Item 5 on the cover page. (ii) Shared power to vote or to direct the vote: See response to Item 6 on the cover page. (iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on the cover page. (iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on the cover page. The Reporting Person holds 541,994 Class A Shares and 240,932 RSUs. The Reporting Person, together with Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Anthony P. Ressler and Bennett Rosenthal (each, a “Board Member” and collectively, the “Board Members”) manage Ares Partners Holdco LLC (“Ares Partners”). Mr. Ressler generally has veto authority over decisions of the Board Members. Ares Partners is the general partner of Ares Owners Holdings L.P. (“Ares Owners”). Ares Owners directly holds 13,269,729 Class A Shares on behalf of its limited partners and an aggregate of 117,024,758 partnership units of the Ares Operating Group (“AOG Units”) on behalf of its limited partners. Each AOG Unit is exchangeable for one Class A Share subject to certain restrictions. Ares Owners holds 46,866 AOG Units on behalf of the Reporting Person, or on behalf of a vehicle controlled by him, as a limited partner of Ares Owners. The Reporting Person expressly disclaims beneficial ownership of these shares, and any

View Full Filing

View this SC 13G/A filing on SEC EDGAR