4/A: ARCC CEO Amends Stock Purchase Price Disclosure

Ares Capital CEO Michael K. Schnabel filed an amended Form 4 to correct the reported purchase price of 12,500 shares of common stock.

Summary

• Ares Capital Corp (ARCC) CEO, Michael K. Schnabel, filed an amendment (Form 4/A) to a previously submitted Form 4.
• The purpose of the amendment is solely to correct the price range for a purchase of 12,500 shares of ARCC common stock.
• The transaction occurred on February 5, 2026.
• The shares were acquired at a weighted average price of $19.13 per share.
• The actual purchase prices for these shares ranged from $19.09 to $19.15, inclusive.
• Following this transaction, the CEO directly beneficially owns 40,500 shares of Ares Capital Corp common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it confirms a significant insider purchase by the CEO, indicating management confidence, despite the filing being an amendment for a price correction.

Positives

• The CEO purchased a significant number of shares (12,500), indicating confidence in the company's valuation and future prospects.
• The purchase was made at a weighted average price of $19.13 per share.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider purchases, especially by a CEO, often signal management's belief in the company's undervaluation or strong future prospects, which can be a positive indicator for investors in the broader financial services sector. The correction of a minor detail in the filing does not detract from the underlying positive signal of the purchase itself.

Related Party Transactions

• CEO Michael K. Schnabel purchased 12,500 shares of Ares Capital Corp common stock on February 5, 2026, at a weighted average price of $19.13 per share.

Stakeholder Impact

• Shareholders may interpret the CEO's direct purchase of company stock as a positive sign of management's belief in the company's future performance and value.

Next Steps

• The reporting person undertakes to provide Ares Capital Corporation, any security holder, or the SEC staff, upon request, full information regarding the number of shares purchased at each separate price within the reported range.

Key Dates

Recommendation

The CEO's purchase of 12,500 shares signals confidence in Ares Capital Corp. However, this filing is an amendment correcting a price detail, not a new transaction or a comprehensive financial update. Investors should consider this insider buying as a positive data point but await broader financial reporting for a more definitive investment decision.

Keywords

Ares Capital Corp, ARCC, Michael K. Schnabel, Insider Trading, Form 4/A, Stock Purchase, CEO, Beneficial Ownership, Amendment