ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

Headlands Technologies LLC's Holding History (CIK: 0001570271)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 3,637 Value ($000) $582 Avg Close $178.28 Range $153.51 - $192.79

Q3 2024

Shares 1,757 Value ($000) $274 Avg Close $139.75 Range $123.15 - $154.86

Q1 2024

Shares 5,286 Value ($000) $703 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 55 Value ($000) $7 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 438 Value ($000) $45 Avg Close $94.74 Range $86.95 - $101.18

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	3,637	$582	$178.28	$153.51 - $192.79
Q3 2024	1,757	$274	$139.75	$123.15 - $154.86
Q1 2024	5,286	$703	$121.35	$107.05 - $132.34
Q4 2023	55	$7	$102.46	$90.47 - $114.79
Q3 2023	438	$45	$94.74	$86.95 - $101.18