Michael L. Smith - May 19, 2022 Form 4 Insider Report for ARES CAPITAL CORP (ARCC)

Role: Co-President
Signature: /s/ Monica J. Shilling, by power of attorney
Stock symbol: ARCC
Transactions as of: May 19, 2022
Transactions value $: $1,006,560
Form type: 4
Date filed: 5/23/2022, 09:30 PM
Next filing: Apr 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARCC	Common Stock	Purchase	$1.01M	+54K	+154.29%	$18.64	89K	May 19, 2022	By trust	F1, F2
holding	ARCC	Common Stock						151K	May 19, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	These shares are held in an irrevocable trust for the benefit of certain of the reporting person's family members.

Content

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.