Director boosts stake with 36,000-share AMR (NYSE: AMR) purchase

Rhea-AI Filing Summary

Alpha Metallurgical Resources, Inc. director Kenneth S. Courtis reported open-market purchases of 36,000 shares of AMR common stock on December 8, 2025. The buys were executed in five separate transactions at weighted average prices between about $172 and $176 per share.

Following these purchases, Courtis directly beneficially owned 770,537 shares of Alpha Metallurgical Resources common stock.

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

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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^*

Courtis Kenneth S.

(Last) (First) (Middle)

340 MARTIN LUTHER KING JR. BLVD.

(Street)

BRISTOL TN 37620

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alpha Metallurgical Resources, Inc. [ AMR ]

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)
12/08/2025

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, $0.01 par value per share	12/08/2025		P		1,011	A	$172.92(1)	735,548	D
Common Stock, $0.01 par value per share	12/08/2025		P		7,559	A	$173.78(2)	743,107	D
Common Stock, $0.01 par value per share	12/08/2025		P		4,362	A	$174.81(3)	747,469	D
Common Stock, $0.01 par value per share	12/08/2025		P		22,413	A	$175.92(4)	769,882	D
Common Stock, $0.01 par value per share	12/08/2025		P		655	A	$176.41(5)	770,537	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $172.27 to $173.24.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $173.35 to $174.00.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $174.52 to $175.23.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $175.35 to $176.26.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $176.28 to $176.59.

	/s/ William Phillips, attorney-in-fact	12/10/2025
	** 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).
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FAQ

What insider transaction did AMR director Kenneth S. Courtis report?

Kenneth S. Courtis reported buying 36,000 shares of Alpha Metallurgical Resources common stock. The purchases were made in multiple open-market transactions on December 8, 2025, and increased his directly owned stake to 770,537 AMR shares.

On what date did the AMR insider share purchases occur?

All reported insider purchases occurred on December 8, 2025. Director Kenneth S. Courtis executed five separate open-market transactions in Alpha Metallurgical Resources common stock on that date, at different weighted average prices across a relatively narrow trading range.

How many AMR shares does Kenneth S. Courtis own after the reported trades?

After the reported trades, Kenneth S. Courtis directly beneficially owned 770,537 shares of Alpha Metallurgical Resources. This figure reflects his updated holdings following the 36,000 shares of AMR common stock purchased on December 8, 2025.

What prices did AMR director Kenneth S. Courtis pay for the purchased shares?

He bought AMR common stock in five tranches with weighted average prices around $172.92, $173.78, $174.81, $175.92, and $176.41 per share. Footnotes note these were averages over multiple trades within narrow price ranges.

Was the AMR insider transaction a purchase or a sale?

The Form 4 classifies each transaction with code “P,” indicating open-market purchases. The structured data describes the activity as buy-side open-market purchases of Alpha Metallurgical Resources common stock by director Kenneth S. Courtis on December 8, 2025.

What type of security did AMR’s director trade in this Form 4 filing?

The insider traded non-derivative common stock with a par value of $0.01 per share. No derivative securities such as options or warrants were reported in the filing, and the updates relate solely to AMR common equity holdings.