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(a)
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Amount beneficially owned:
Mr. deVeer directly holds 281,498 shares of Class A Common Stock,
563,614 Restricted Units, each of which represents the right to receive one share of Class A Common Stock, subject to certain vesting
conditions, and stock options to purchase 84,546 shares of Class A Common Stock, which are fully vested. Mr. deVeer, together with
Michael J Arougheti, Ryan Berry, 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 1,510,409 AOG Units
on behalf of Mr. deVeer, or on behalf of a vehicle controlled by Mr. deVeer, as a limited partner of Ares Owners. Mr. deVeer 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. deVeer 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. deVeer 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. deVeer.
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(b)
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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 or stock options held by Mr.
deVeer, for a total of 172,489,376 shares of Class A Common Stock.
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