ARCC · Ares Capital Corp · Insider Trading

The price reported in Column 4 is a weighted average price. This amendment is being filed solely to correct the price range listed on the Form 4 originally filed on February 9, 2026. These shares were purchased in multiple transactions at prices ranging from $19.09 to $19.15, 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.

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.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.27 to $23.35, 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.

Represents the number of shares of Common Stock which were donated to a charity by Michael J Arougheti on February 18, 2025.

Includes 534,248 shares not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under Ares Capital Corporation's Dividend Reinvestment Plan after Michael J Arougheti's immediately prior Form 4 filing.

Each share of Series A Preferred Stock is convertible at any time at the option of the holder into shares of Common Stock at an initial conversion price of $16.00 per share and at an initial conversion rate of 62.50 shares of Common Stock per share of Series A Preferred Stock. The Series A Preferred Stock has no expiration date.

Includes 1,562,500 shares of Common Stock underlying 25,000 shares of Series A Preferred Stock previously held of record by Ares Capital Corporation ("Ares Capital") and 6,250,000 shares of Common Stock underlying 100,000 shares of Series A Preferred Stock previously held of record by ASOF Holdings I, L.P. ("ASOF Holdings I").

Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the sole member of ASOF Investment Management LLC, which is the manager of ASOF Holdings I; and (ii) the sole member of Ares Capital Management LLC, which is the investment advisor of Ares Capital. We refer to all of the foregoing entities collectively as the Ares Entities.

Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.83 to $17.84, 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 the range set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.435 to $17.440, 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 the range set forth in footnote (2) to this Form 4.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

The reporting person transferred 125,000 shares to the Allison & Bennett Rosenthal Charitable Foundation (the "Foundation"), a charitable foundation of which the reporting person is a director. The reporting person has voting and investment power over all securities owned by the Foundation.

These shares are held by BAR Holdings, LLC, a Delaware limited liability company, of which the reporting person is the manager.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.71 to $19.79, 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 the range set forth in footnote (1) to this Form 4.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

Includes 8,062 shares acquired under the Dividend Reinvestment Plan of Ares Capital Corporation not previously reported since prior filing pursuant to Rule 16a-11 under the Securities Exchange Act of 1934.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.71 to $17.89, 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 the range set forth in footnote (1) to this Form 4.

Includes 174,629 shares not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under Ares Capital Corporation's Dividend Reinvestment Plan after Mr. Arougheti's immediately prior Form 4 filing.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.54 to $18.74, 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 the range set forth in footnote (1) to this Form 4.

These shares are held in an irrevocable trust for the benefit of certain of the reporting person's family members.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.99 to $20.11, 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 the range set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.95 to $19.975, 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 sold at each separate price within the range set forth in footnote (1) to this Form 4.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.54 to $16.55, 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 sold at each separate price within the range set forth in footnote (1) to this Form 4.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

Includes 313,545 shares not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under Ares Capital Corporation's Dividend Reinvestment Plan after Mr. Arougheti's immediately prior Form 4 filing.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.92 to $14.02, 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 the range set forth in footnote (1) to this Form 4.

The 225,000 shares gifted by the reporting person on October 16, 2020 were transferred to a revocable trust in which the reporting person and his wife are trustees and beneficiaries.

Includes 75,000 shares previously reported as directly owned by the reporting person in a Form 4 filed on October 30, 2020. These shares were later determined to be held indirectly through a revocable trust in which the reporting person and his wife are trustees and beneficiaries.

The 225,000 shares gifted by the reporting person on October 16, 2020 were transferred to a revocable trust in which the reporting person and his wife are trustees and beneficiaries.

These shares are held in an irrevocable trust for the benefit of certain of the reporting person's family members.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.45 to $14.57, 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 the range set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.09 to $14.12, 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 the range set forth in footnote (1) to this Form 4.

Includes 3,006 shares not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under Ares Capital Corporation's Dividend Reinvestment Plan after Mr. Rosen's immediately prior Form 4 filing.

Includes 178 shares not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under Ares Capital Corporation's Dividend Reinvestment Plan after Mr. Parks' immediately prior Form 4 filing.

Includes 258 shares acquired under the Dividend Reinvestment Plan of Ares Capital Corporation not previously reported since prior filing pursuant to Rule 16a-11 under the Securities Exchange Act of 1934.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.

Includes 610 shares acquired under the Dividend Reinvestment Plan of Ares Capital Corporation not previously reported since prior filing pursuant to Rule 16a-11 under the Securities Exchange Act of 1934.

These shares are held in a revocable trust for the benefit of the reporting person, the reporting person's spouse and the reporting person's children.