Ares Partners Holdco LLC 4

What Happened

• Ares Partners Holdco LLC (reported as a 10% owner) was granted/acquired 666,667 derivative securities (warrants) on July 1, 2026. The reported per-unit price was $1.50, for a total reported value of $1,000,001. The transaction is reported as an award/grant (transaction code A).

Key Details

• Transaction date and price: 2026-07-01; 666,667 warrants at $1.50 each; total $1,000,001.
• Securities type: Warrants (derivative), not common stock.
• Exercisability/term: These warrants become exercisable 30 days after completion of the issuer’s initial business combination and expire five years after that closing. (See footnote F2.)
• Source of award: Resulted from the underwriters’ partial exercise of the IPO overallotment; the Sponsor acquired the additional 666,667 warrants. (Footnote F1.)
• Shares owned after transaction: Not specified in the provided filing.
• Ownership/beneficial-interest notes: The Sponsor directly holds the warrants; Ares Partners and affiliated entities may be deemed to share beneficial ownership through their ownership chain, but each disclaims beneficial ownership except to the extent of pecuniary interest. Ares Partners is managed by a board of managers (see footnote F5). (Footnotes F3–F5.)
• Filing timeliness: The Form 4 was filed on 2026-07-02 for a 2026-07-01 transaction; no late filing is indicated in the provided data.

Context

• This is an institutional/ sponsor-level acquisition tied to the IPO overallotment exercise, not an executive trading decision. Warrants are a derivative right to buy stock in the future (subject to exercisability and expiration terms) and are distinct from an outright stock purchase; they indicate potential future upside if the company completes a business combination and the stock performs well.