SCHNABEL MICHAEL KORT 4/A
4/A · ARES CAPITAL CORP · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Ares Capital CEO Michael Schnabel Buys 12,500 Shares
What Happened
Michael K. Schnabel, Chief Executive Officer of Ares Capital Corporation (ARCC), acquired 12,500 common shares in open-market purchases on February 5, 2026. The filing reports a weighted-average purchase price of $19.13 per share for a total cost of approximately $239,125. This filing is an amendment to correct the price range of the multiple trades that made up the purchase.
Key Details
- Transaction date: 2026-02-05 (reported on Form 4 filed Feb 9, 2026; this is an amended filing).
- Price: weighted average $19.13; actual trade prices ranged from $19.09 to $19.15 (footnote says shares were bought in multiple transactions across that range).
- Shares acquired: 12,500 (code P = purchase).
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: Amendment corrects the price range reported originally; the reporting person will provide a breakdown of the number of shares bought at each price within the range upon request.
- Timeliness: The original Form 4 was filed Feb 9, 2026 and this document is an amendment; no late-filing flag is shown.
Context
A purchase by a CEO is a straightforward buy of company stock (often viewed as a positive signal by investors), but filings simply report the trade and not the insider’s intent. This was an open-market acquisition across multiple trades rather than an option exercise, gift, or tax-related withholding.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-02-05$19.13/sh+12,500$239,125→ 40,500 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. This amendment is being filed solely to correct the price range listed on the Form 4 originally filed on February 9, 2026. These shares were purchased in multiple transactions at prices ranging from $19.09 to $19.15, inclusive. The reporting person undertakes to provide to Ares Capital Corporation, any security holder of Ares Capital Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.