Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Ares Partners Holdco LLC 2. Issuer Name and Ticker or Trading Symbol Ares Acquisition Corp III [AAC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ARES MANAGEMENT LLC,, 1800 AVENUE OF THE STARS, SUITE 1400 3. Date of Earliest Transaction (Month/Day/Year) 08/14/2026 (Street) LOS ANGELES, CA 90067 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities (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 of Derivative Security: 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

Class B ordinary shares

(1)

08/14/2026

D(2)

43,750

(1)

(1)

Class A ordinary shares

43,750

$ 0

9,875,000

I

See footnotes(3)(4)(5)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Ares Partners Holdco LLC C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067		X
Ares Acquisition Holdings III LP C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067		X

Signatures

Ares Partners Holdco LLC By: /s/ Anton Feingold; Authorized Signatory		08/14/2026
**Signature of Reporting Person		Date
Ares Acquisition Holdings III LP By: /s/ Anton Feingold; Authorized Signatory		08/14/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The Class B ordinary shares, par value $0.0001 per share (the "Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share, of Ares Acquisition Corporation III (the "Issuer") upon the completion of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment and certain anti-dilution rights.
(2)	As described in the registration statement filed by Issuer on Form S-1 (File No. 333-296746), the Class B Ordinary Shares beneficially owned by the reporting persons included up to 1,293,750 shares that were subject to forfeiture to the extent the underwriters of the Issuer's initial public offering did not exercise in full their over-allotment option. The underwriters partially exercised their over-allotment option, resulting in 43,750 Class B Ordinary Shares being forfeited.
(3)	Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC ("Ares Voting") 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 ("Ares Holdco" and together with each of the foregoing entities, the "Ares Entities"), which is the general partner of Ares Holdings L.P. ("Ares Holdings").
(4)	Ares Holdings is the sole shareholder of Ares Acquisition Holdings III, which is the general partner of Ares Acquisition Holdings III LP (the "Sponsor"). The Sponsor directly holds the securities reported herein. Each of the Ares Entities and Ares Holdings may be deemed to share beneficial ownership of the securities directly held by the Sponsor, but each of the foregoing disclaims beneficial ownership of such securities except to the extent of its respective pecuniary interest therein.
(5)	Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. Each of these individuals expressly disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners, except to the extent of their respective pecuniary interest therein. The principal business office of the Sponsor, the Ares Entities and Ares Holdings is c/o Ares Management LLC, 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.