Item 8.01 Other Events
Certain executive officers and directors (each, a "Plan Participant") ofAres Management Corporation (the "Company") entered into Rule 10b5-1 Trading Plans to sell shares of the Company's Class A common stock, in each case, subject to any applicable volume limitations. The table below provides certain information regarding each Plan Participant's 10b5-1 Trading Plan. Maximum Shares That May Be Name Plan Date Sold Under The Plan Plan Expiration Date David Kaplan August 26, 2020 600,000 October 1, 2021 Bennett Rosenthal August 19, 2020 375,000 September 16, 2021 Trading under the Rule 10b5-1 Trading Plans may commence no sooner than 30 days after the date the Plan Participant entered into the Rule 10b5-1 Trading Plans 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. Each of the Rule 10b5-1 Trading Plans 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 or performance shares. Each 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 each 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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