SCHNABEL MICHAEL KORT 4/A

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.