Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* deVeer R. Kipp	2. Issuer Name and Ticker or Trading Symbol Ares Management Corp [ ARES ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Head of Credit Group
(Last) (First) (Middle) 2000 AVENUE OF THE STARS, 12TH FLOOR	3. Date of Earliest Transaction (MM/DD/YYYY) 10/29/2021
(Street) LOS ANGELES, CA 90067 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/29/2021		S⁽¹⁾		30622	D	$84.79 ⁽²⁾	1114490 ⁽³⁾	D
Class A Common Stock	10/29/2021		S⁽¹⁾		1500	D	$85.62 ⁽⁴⁾	1112990 ⁽³⁾	D
Class A Common Stock	11/1/2021		S⁽¹⁾		25422	D	$84.26 ⁽⁵⁾	1087568 ⁽³⁾	D
Class A Common Stock	11/1/2021		S⁽¹⁾		3802	D	$84.82 ⁽⁶⁾	1083766 ⁽³⁾	D
Class A Common Stock	11/2/2021		S⁽¹⁾		21071	D	$83.93 ⁽⁷⁾	1062695 ⁽³⁾	D
Class A Common Stock	11/2/2021		S⁽¹⁾		19393	D	$84.55 ⁽⁸⁾	1043302 ⁽³⁾	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
(1)	This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.
(2)	The price reported in Column 4 is a weighted average price. These shares were sold on October 29, 2021 in multiple transactions at prices ranging from $84.32 to $85.31. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 4, 5, 6, 7 and 8.
(3)	Includes 563,614 restricted units granted under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.
(4)	The price reported in Column 4 is a weighted average price. These shares were sold on October 29, 2021 in multiple transactions at prices ranging from $85.33 to $86.09.
(5)	The price reported in Column 4 is a weighted average price. These shares were sold on November 1, 2021 in multiple transactions at prices ranging from $83.70 to $84.69.
(6)	The price reported in Column 4 is a weighted average price. These shares were sold on November 1, 2021 in multiple transactions at prices ranging from $84.70 to $85.21.
(7)	The price reported in Column 4 is a weighted average price. These shares were sold on November 2, 2021 in multiple transactions at prices ranging from $83.25 to $84.24.
(8)	The price reported in Column 4 is a weighted average price. These shares were sold on November 2, 2021 in multiple transactions at prices ranging from $84.25 to $84.86.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
deVeer R. Kipp 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES, CA 90067	X		Head of Credit Group