KAPLAN DAVID B

Ares Management co-founder KAPLAN DAVID B sells entire remaining position of 33,145 shares at $165.12 for $5.5M on 2025-05-30

KAPLAN DAVID B, a co-founder, divested his remaining 33,145 shares of ARES at $165.12, reducing his holdings from 33.1K shares to zero—a complete exit. This transaction follows an unusual pattern: the insider executed 5 prior sales at ARES in rapid succession (May 15, 27, 28, 29, and now May 30), suggesting a systematic liquidation of what appears to be remaining founder equity rather than discretionary market-timing activity. The stock trades at $168.53 currently, 15.0% below its 52-week high of $198.22, while his cross-ticker track record shows a 0.00% well-timed rate on 20 prior sales (avg 90d return +4.5%), indicating historically poor sell timing. The company is valued at $17.4B with strong Q fundamentals (revenue $1.0B, net income $47.2M, annual growth +14.0%, P/E 39.75), so the exit does not signal deteriorating business conditions.

David B Kaplan sells 29,355 ARES shares in 3 tranches (May 27-29) for $4,845,342.56 at $165.06-$165.07, reducing stake 47.0%

Co-Founder David B Kaplan executed 3 separate sales totaling 29,355 shares for $4,845,342.56 over three consecutive trading days (May 27–29, 2025), cutting his holdings from 62,500 to 33,145 shares—a 47.0% reduction. The sales occurred at an average price of $165.06, near the current market price of $164.90, suggesting execution without material price deterioration. His cross-ticker track record shows 20 prior sells with an average 90-day return of -21.5%, though this multi-year pattern offers limited insight into the specific drivers of the ARES sale. The rapid sequential execution and substantial reduction in ownership stake warrant monitoring, particularly given the company's P/E of 38.89 and modest quarterly net income of $47.2M relative to market capitalization of $17.0B.

Co-founder David B Kaplan sells 62,500 shares of ARES for $10,584,827.18, reducing holdings by 50%

On 2025-05-15, David B Kaplan executed 5 separate sales totaling 62,500 shares for $10,584,827.18 at prices ranging from $168.63 to $173.16, reducing his holdings from 125,000 to 62,500 shares—a 50% reduction of his position. This is a material liquidation by a co-founder; the blended average price of $169.36 sits between the current price of $168.64 and near the 52-week range, offering no obvious tactical advantage on the day. His prior trades at ARES (5 sells on 2025-03-05) all generated negative 30-day returns ranging from -25.6% to -27.4%, and none have yet reached their 90-day outcome windows to assess longer-term timing accuracy. His cross-ticker track record spans 20 prior sells with a 100% well-timed 90-day rate, suggesting disciplined historical execution, though that track record does not predict accuracy specifically at ARES. The substantial reduction in absolute shareholding warrants scrutiny of whether this reflects a change in the founder's capital allocation or commitment to the firm.

Co-founder David Kaplan sells entire 100,000-share stake in ARES over 2 days for $16.1M; stock down 21.5% in 30 days since sale.

David Kaplan executed 15 separate sales totaling 100,000 shares for $16,098,996.69 on March 4–5, 2025, liquidating his complete ARES position after the blended sale price of $160.99. This complete exit by a co-founder is materially significant; the timing coincides with sharp recent price deterioration—the stock has declined 21.5% over the 30 days following the sale and now trades at $153.37, well below the transaction window. Kaplan's prior sales at ARES show a strong pattern: all 5 measurable prior trades at this ticker were well-timed at the 90-day mark (all posted negative 90-day returns ranging from -4.3% to -7.0%), indicating his sales historically precede declines. His cross-ticker track record exhibits a 70.00% 90-day well-timed rate, confirming consistent execution discipline across holdings. The stock's current valuation—trading at a P/E of 69.09 with a 52-week high of $198.22—may warrant investor scrutiny of the fundamentals underlying this complete founder liquidation against the recent price action.

Co-Founder David B Kaplan sells entire 30,680-share ARES position for $5.4M across 6 transactions on 2024-11-27

David B Kaplan, Co-Founder of Ares Management, executed 6 separate sales totaling 30,680 shares for $5,404,446.60 on 2024-11-27, liquidating his entire remaining position at prices ranging from $174.92 to $179.97 per share (blended average $176.16). This complete position exit is notably preceded by 4 additional sales on 2024-11-26 and 1 on 2024-11-25 at the same ticker, indicating a coordinated multi-day liquidation rather than a discrete rebalancing event. The timing occurs near ARES's 52-week high of $178.83, with current price at $173.95, representing a 2.7% distance from the peak—suggesting execution during a strong valuation window. His cross-ticker track record shows 20 prior sells, establishing a pattern of open-market activity, though the 90-day outcome data for his 5 recent ARES sales (2024-11-25 and 2024-11-26) are not yet measurable.

Co-Founder KAPLAN DAVID B sells 85,668 shares in 8 transactions for $15,195,297.33; holding reduced 73.6%

KAPLAN DAVID B executed 8 separate sales totaling 85,668 shares for $15,195,297.33 over November 25–26, at prices ranging from $174.52 to $178.52, with a blended average of $177.37. The sale reduced his holdings from 116,348 shares to 30,680 shares, a 73.6% reduction of his pre-transaction position. This is the largest single-filing sale in scale relative to his prior holding. His prior 5 trades at ARES (November 21–22) are similarly recent sells, suggesting a concentrated liquidation pattern at the co-founder level. The stock has appreciated 5.5% over 30 days and 23.2% over 90 days, trading near the 52-week high of $178.83, and ARES fundamentals show solid net income of $216,412,000 against revenue of $841,966,000 (latest quarter) with annual growth of 12.4%, though the P/E of 77.08 reflects elevated valuation. The timing and scale of this multi-transaction liquidation warrant investor attention to any related disclosures or market context.

Ares co-founder KAPLAN DAVID B sells 78,061 shares for $13,575,309.13 across 11 transactions (Nov 20-22), reducing holdings 40.2%

KAPLAN DAVID B executed 11 separate sales totaling 78,061 shares for $13,575,309.13 between November 20–22, 2024, at prices ranging from $169.95 to $175.95, with a blended average of $173.91. This represents a 40.2% reduction in his holdings from 194,409 to 116,348 shares. The sales occurred near ARES' 52-week high of $175.52, with the stock up 4.9% over 30 days and 19.4% over 90 days. His cross-ticker track record shows 20 prior sells with an average 30-day return of +7.4%, though his five most recent prior transactions at ARES (Nov 18–19) are still within their measurement windows. The substantial scale and multi-day execution pattern warrant tracking, particularly given the company's elevated P/E of 75.66 and recent quarterly revenue of $841,966,000.00.

Co-Founder David Kaplan sold 55,591 shares of ARES for $9,344,356.12 across 8 transactions over 5 days at blended avg of $168.09

David Kaplan, ARES co-founder, executed 8 separate sales totaling 55,591 shares for $9,344,356.12 between 2024-11-15 and 2024-11-19, reducing holdings by 22.2% from 250,000 to 194,409 shares. The sales were clustered over a narrow price range ($166.72–$170.12), suggesting a planned reduction in a concentrated position rather than reactive trading. At his cross-ticker track record, prior sells averaged a 90-day return of +18.6% with 0% well-timed outcomes (stocks rose after sales), and his ARES-specific sells from August 2024 all showed gains within 30 days; this recurring pattern of post-sale appreciation is material context for evaluating the timing of the current reduction. ARES trades at a P/E of 73.43 and is near its 52-week high of $172.50, and the filing contains a derivative-conversion notation, meaning the stated 194,409 post-transaction shareholding in Table I does not represent the insider's full economic position—substantive holdings remain in unreported derivative securities.

Ares Management co-founder David B Kaplan sells entire 55.8K share position for $8.1M across three days (Aug 28-30)

Kaplan executed 7 separate sales totaling 55,762 shares for $8,104,233.62 at a blended average price of $145.34, completing a total exit of his holdings at ARES. The transaction occurred over three trading days (August 28-30, 2024) at prices ranging from $144.63 to $146.34, near the stock's 52-week high of $153.20 and within the recent trading range. A complete liquidation by a co-founder warrants investor attention given his structural role in the company, though the absence of any FLAGS indicates this sale was discretionary rather than part of a pre-planned 10b5-1 trading arrangement. The SAME-TICKER HISTORY shows Kaplan executed 5 prior sales at ARES on August 26-27, immediately preceding this filing, suggesting a broader portfolio reduction activity in late August.

Co-Founder Kaplan sells 80,846 shares in 10 tranches for $11,858,291.00 on 2024-08-23 to 2024-08-27, cutting stake 59.2%.

DAVID B KAPLAN, Co-Founder at Ares Management Corp (ARES), executed 10 separate sales totaling 80,846 shares for $11,858,291.00 between 2024-08-23 and 2024-08-27, reducing his holdings from 136,608 shares to 55,762 shares (a -59.2% reduction). The sales were transacted at prices ranging from $144.49 to $147.91, with a blended average of $146.68, near the current price of $146.14. This multi-day liquidation of a Co-Founder stake is notable for its scale and pace: the prior 5 trades at this ticker (all occurring 2024-08-21 to 2024-08-22) remain unmeasurable in outcome, limiting the ability to assess timing precision at this specific security. Across his cross-ticker history, Kaplan's 20 prior sells averaged a +7.2% return in the 30 days following sale, indicating his historical sales have not preceded sharp declines, though this baseline does not apply to ARES-specific execution or current market conditions.