Here are the Form 4 insider transactions from Ares Acquisition Corporation III (AAC) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow AAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAC filings page.
Ares Partners Holdco LLC and Ares Acquisition Holdings III LP, as ten percent owners of Ares Acquisition Corp III, reported an indirect disposition to the issuer of 43,750 Class B ordinary shares tied to founder equity. The disposition reflects forfeiture of these sponsor shares because underwriters only partially exercised their IPO over-allotment option. Following this adjustment, the reporting entities are shown as indirectly holding 9,875,000 Class B ordinary shares, which are automatically convertible into Class A ordinary shares on a one-for-one basis upon completion of the company’s initial business combination or earlier at the holder’s option, subject to adjustment and anti-dilution rights. Footnotes clarify that the securities are directly held by the sponsor entity, with Ares-affiliated entities and individuals disclaiming beneficial ownership beyond their respective pecuniary interests.
Ares Acquisition Holdings III LP, the sponsor of Ares Acquisition Corp III, acquired 666,667 private placement warrants at $1.50 per warrant. Each warrant is exercisable at $11.50 for one Class A ordinary share, adding 666,667 underlying shares and bringing the sponsor’s total warrants to 7,466,667.
The warrants become exercisable 30 days after completion of the company’s initial business combination and expire five years after that combination. Various Ares-affiliated entities may be deemed to share beneficial ownership of the securities held by the sponsor, but they each disclaim beneficial ownership except for their pecuniary interest.