Address of Issuer’s Principal Executive Offices
2000 Avenue of the Stars, 12th Floor

Los Angeles, California 90067

Address of Principal Business Office or, if none, Residence
2000 Avenue of the Stars, 12th Floor

Los Angeles, California 90067

Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________ 

Amount beneficially owned:

Mr. Arougheti directly holds 1,640,610 shares of Class A Common Stock and 633,332 Restricted Units, each of which represents the right to receive one share of Class A Common Stock, subject to certain vesting conditions. Mr. Arougheti, together with Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony 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 15,956,140 shares of Class A Common Stock on behalf of its limited partners and an aggregate of 118,609,332 partnership units of the Ares Operating Group (“AOG Units”) on behalf of its limited partners. Each AOG Unit is exchangeable for one share of Class A Common Stock, subject to certain restrictions. Ares Owners holds 150,258 shares of Class A Common Stock and 10,421,596 AOG Units on behalf of Mr. Arougheti, or on behalf of a vehicle controlled by Mr. Arougheti, as a limited partner of Ares Owners. Mr. Arougheti expressly disclaims beneficial ownership of these shares, and any shares that may be acquired upon exchange of the AOG Units, for purposes of Section 13(d) of the Act and the rules thereunder. Based solely on information reported in Statements on Schedule 13G filed by Ares Owners and the other Board Members, the shares of Class A Common Stock held by Ares Owners, if aggregated with the shares beneficially owned by each of the individual Board Members, would equal 139,007,258 shares of Class A Common Stock in the aggregate, including shares that may be acquired upon the exchange of AOG Units held by Ares Owners and shares of Class A Common Stock that may be acquired by the individual Board Members upon the vesting of or exercise of Restricted Units or stock options held by such Board Member, representing 47.5% of the outstanding shares of Class A Common Stock (assuming the exchange of AOG Units held by Ares Owners and the vesting of or exercise of Restricted Units and stock options held by the Board Members).

Mr. Arougheti expressly disclaims the existence of, or membership in, a “group” within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder with Ares Owners, Ares Partners, and the other Board Members, as well as beneficial ownership with respect to any shares of Class A Common Stock beneficially owned by Ares Owners, Ares Partners, or the other Board Members, and neither the filing of this statement on Schedule 13G nor any of its contents shall be deemed to constitute an admission by Mr. Arougheti that he is the beneficial owner of any of the shares of Class A Common Stock referred to herein for purposes of Section 13(d) of the Act other than those shares reported on the cover page of this Schedule 13G, and such beneficial ownership is expressly disclaimed by Mr. Arougheti.

Percent of class:

The information contained on the cover page to this Schedule 13G is incorporated herein by reference. The percentage amount is based on an aggregate of (i) 171,841,216 shares of Class A Common Stock outstanding as of December 31, 2021, and (ii) assumes the vesting of or exercise of Restricted Units held by Mr. Arougheti, for a total of 172,474,548 shares of Class A Common Stock.

Number of shares as to which the person has:

Sole power to vote or to direct the vote

The information contained on the cover page to this Schedule 13G is incorporated herein by reference.

Shared power to vote or to direct the vote

The information contained on the cover page to this Schedule 13G is incorporated herein by reference.

Sole power to dispose or to direct the disposition of

The information contained on the cover page to this Schedule 13G is incorporated herein by reference.

Shared power to dispose or to direct the disposition of

The information contained on the cover page to this Schedule 13G is incorporated herein by reference.