Ares Capital (ARCC) CEO purchases 12,500 shares in open market

Rhea-AI Filing Summary

Ares Capital Corporation’s Chief Executive Officer Michael Kort Schnabel reported buying common stock of the company. On February 5, 2026, he purchased 12,500 shares of Ares Capital common stock in open-market transactions at a weighted average price of $19.13 per share, based on multiple trades between $20.29 and $20.49. After this purchase, he directly owns 40,500 common shares of Ares Capital.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHNABEL MICHAEL KORT

(Last) (First) (Middle)

C/O ARES CAPITAL CORPORATION

245 PARK AVENUE, 44TH FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARES CAPITAL CORP [ ARCC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/05/2026		P		12,500	A	$19.13(1)	40,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.29 to $20.49, 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.

	/s/ Monica J. Shilling, by power of attorney	02/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Ares Capital (ARCC) report in this Form 4?

Ares Capital reported that CEO Michael Kort Schnabel purchased 12,500 shares of the company’s common stock. The transaction occurred on February 5, 2026 and was reported as an open-market purchase of non-derivative common stock.

At what price did the Ares Capital CEO buy the 12,500 ARCC shares?

The CEO’s 12,500-share purchase was reported at a weighted average price of $19.13 per share. A footnote explains the shares were bought in multiple trades, with individual prices ranging from $20.29 to $20.49, inclusive.

How many Ares Capital (ARCC) shares does the CEO own after this transaction?

Following the reported purchase, CEO Michael Kort Schnabel beneficially owns 40,500 shares of Ares Capital common stock. These shares are reported as held with direct ownership, reflecting his position after the February 5, 2026 transaction.

What transaction code was used for the Ares Capital CEO’s share purchase?

The transaction is coded as “P”, indicating an open-market or private purchase of Ares Capital common stock. This code confirms the filing reflects a purchase rather than a sale, gift, or other type of insider transaction.

Does the Form 4 indicate any indirect ownership for the Ares Capital CEO?

The reported holdings for CEO Michael Kort Schnabel are listed as direct ownership, marked with a “D” in the ownership form column. The filing does not show any indirectly held shares or separate nature-of-ownership descriptions in this transaction.

What does the Form 4 footnote say about the ARCC share purchase pricing?

The footnote explains the price is a weighted average across multiple trades. It states the shares were bought in separate transactions at prices between $20.29 and $20.49, and the CEO will provide detailed trade information upon request.