[Form 4] Antero Midstream Corporation Insider Trading Activity

Rhea-AI Filing Summary

Antero Midstream Corporation (AM) filed a Form 4 disclosing that director Jeffrey S. Munoz acquired 2,042 shares of AM common stock on 10 July 2025. The shares were recorded at a price of $0.00, suggesting a grant or other non-cash award. Following the transaction, Munoz’s direct beneficial ownership increased to 5,887 shares. No derivative securities transactions were reported, and there were no dispositions.

Insights

Securities Analyst

TL;DR: Small insider buy; immaterial to valuation, neutral signal.

The purchase adds 2,042 shares to Director Munoz’s holdings, bringing his stake to 5,887 shares. The zero-dollar price points to a stock award rather than an open-market purchase, limiting its signaling power. Given Antero Midstream’s large public float, this transaction is too small to alter supply-demand dynamics or earnings per share. It marginally aligns director incentives with shareholders but is not financially material to the company’s outlook.

Corporate Governance Expert

TL;DR: Routine equity grant; governance impact minimal.

The Form 4 shows compliance with Section 16 reporting requirements and reflects a standard equity incentive event. Because the award is modest and no disposal occurred, it neither strengthens nor weakens governance perceptions in a meaningful way. The filing is primarily administrative, signalling continued board participation without indicating any strategic shift.

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

OMB APPROVAL

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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^*

MOLLENKOPF JOHN C

(Last) (First) (Middle)

1615 WYNKOOP STREET

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Antero Midstream Corp [ AM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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, par value $0.01 per share	07/10/2025		A		2,042	A	$0.00	99,049	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:

	/s/ Yvette K. Schultz, as attorney-in-fact for John C. Mollenkopf	07/14/2025
	** 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

Who is the insider reported in Antero Midstream (AM)'s latest Form 4?

Jeffrey S. Munoz, a director of Antero Midstream Corporation.

How many AM shares did Jeffrey Munoz acquire on 07/10/2025?

He acquired 2,042 common shares.

What was the reported price per share for the acquisition?

The filing lists a $0.00 price, indicating a non-cash award.

What is Munoz’s total direct ownership after the transaction?

After the acquisition, he directly owns 5,887 shares of AM.

Did the Form 4 report any derivative securities activity?

No, no derivative transactions were disclosed in Table II.