Alpha Metallurgical (NYSE: AMR) insider group buys more AMR stock

Rhea-AI Filing Summary

Alpha Metallurgical Resources, Inc. reported that director and more-than-10% owner Michael Gorzynski and affiliated entities disclosed purchases of the company’s common stock.

On 12/15/2025, Continental General Insurance Company acquired 23,688, 14,347 and 541 shares of common stock at per-share prices of $188.8778, $187.7077 and $192.8182, respectively, bringing its indirectly held position to 644,025 shares.

Additional indirect holdings reported include 787,097 shares through Percy Rockdale LLC, 1,691 shares through MG Capital Management, 4,486 shares held by Mr. Gorzynski’s spouse, and 5,713 shares held directly. The reporting persons state that, as a group, they beneficially own more than 10% of Alpha Metallurgical Resources’ outstanding 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

OMB APPROVAL

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

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^*

Gorzynski Michael

(Last) (First) (Middle)

595 MADISON AVE

30TH FLOOR

(Street)

NEW YORK NY 10022

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of 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

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(1)	12/15/2025		P		23,688	A	$188.8778	629,137	I	By Continental General Insurance Company(2)
Common Stock, $0.01 par value per share(1)	12/15/2025		P		14,347	A	$187.7077	643,484	I	By Continental General Insurance Company(2)
Common Stock, $0.01 par value per share(1)	12/15/2025		P		541	A	$192.8182	644,025	I	By Continental General Insurance Company(2)
Common Stock, $0.01 par value per share(1)								787,097	I	By Percy Rockdale LLC(3)
Common Stock, $0.01 par value per share(1)								1,691	I	By MG Capital Management, Ltd.(4)
Common Stock, $0.01 par value per share(1)								4,486	I	By Spouse(5)
Common Stock, $0.01 par value per share(1)								5,713	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

1. Name and Address of Reporting Person^*

Gorzynski Michael

(Last) (First) (Middle)

595 MADISON AVE

30TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Percy Rockdale LLC

(Last) (First) (Middle)

595 MADISON AVENUE

29TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

MG Capital Management Ltd.

(Last) (First) (Middle)

C/O CAMPBELLS LLP

FLOOR 4, WILLOW HOUSE, CRICKET SQUARE

(Street)

GRAND CAYMAN E9 KY1-9010

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CONTINENTAL GENERAL INSURANCE CO

(Last) (First) (Middle)

11001 LAKELINE BLVD., STE. 120

(Street)

AUSTIN TX 78717

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Continental Insurance Group, Ltd.

(Last) (First) (Middle)

11001 LAKELINE BLVD., STE. 120

(Street)

AUSTIN TX 78717

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Continental General Holdings LLC

(Last) (First) (Middle)

11001 LAKELINE BLVD., STE. 120

(Street)

AUSTIN TX 78717

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. This Form 4 is filed jointly by Percy Rockdale LLC ("Percy Rockdale"), MG Capital Management, Ltd. ("MG Capital Management"), Continental General Insurance Company ("CGIC"), Continental Insurance Group, Ltd. ("CIG"), Continental General Holdings LLC ("CGH") and Michael Gorzynski (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that collective beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

2. Represents securities directly held by CGIC. CIG serves as the parent operating company of CGIC. CGH serves as an investment holding company and the sole owner of CIG. Mr. Gorzynski serves as the Manager of CGH. By virtue of the foregoing relationships, each of CIG, CGH and Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by CGIC.

3. Represents securities directly held by Percy Rockdale. As the sole Manager of Percy Rockdale, Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by Percy Rockdale.

4. Represents securities directly held by MG Capital Management. As the sole Director of MG Capital Management, Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by MG Capital Management.

5. Represents securities directly held by Mr. Gorzynski's wife. Mr. Gorzynski disclaims beneficial ownership of the securities reported herein as beneficially owned directly by his wife except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Gorzynski is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

Mr. Gorzynski is a director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than Mr. Gorzynski) may be deemed a director by deputization by virtue of Mr. Gorzynski's service on the Board of Directors of the Issuer.

	/s/ Michael Gorzynski	12/17/2025
	Percy Rockdale LLC; By: /s/ Michael Gorzynski, Sole Manager	12/17/2025
	MG Capital Management, Ltd.; By: /s/ Michael Gorzynski, Sole Director	12/17/2025
	Continental General Insurance Company; By: /s/ Michael Gorzynski, Executive Chairman	12/17/2025
	Continental Insurance Group, Ltd.; By: /s/ Michael Gorzynski, Chairman & President	12/17/2025
	Continental General Holdings, LLC; By: /s/ Michael Gorzynski, Manager	12/17/2025
	** 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 transactions in Alpha Metallurgical Resources (AMR) are disclosed?

The report shows that on 12/15/2025, Continental General Insurance Company acquired 23,688, 14,347 and 541 shares of Alpha Metallurgical Resources common stock at prices of $188.8778, $187.7077 and $192.8182 per share, respectively.

How many AMR shares does Continental General Insurance Company now beneficially own?

After the reported transactions, Continental General Insurance Company is shown as indirectly beneficially owning 644,025 shares of Alpha Metallurgical Resources common stock.

Which reporting persons are included with Michael Gorzynski for AMR?

The filing is made jointly by Percy Rockdale LLC, MG Capital Management, Ltd., Continental General Insurance Company, Continental Insurance Group, Ltd., Continental General Holdings LLC and Michael Gorzynski, referred to collectively as the reporting persons.

What percentage of Alpha Metallurgical Resources shares does the reporting group own?

The reporting persons state that they may be deemed to be a Section 13(d) group that collectively beneficially owns more than 10% of Alpha Metallurgical Resources’ outstanding common stock.

How many AMR shares are held through Percy Rockdale LLC and other affiliates?

The report lists 787,097 shares held through Percy Rockdale LLC, 1,691 shares through MG Capital Management, Ltd., and 4,486 shares held by Mr. Gorzynski’s spouse, plus 5,713 shares held directly.

What roles do the reporting persons have at Alpha Metallurgical Resources (AMR)?

The reporting persons, including Michael Gorzynski, are identified as a director, a 10% owner, and as having an other relationship specified in the remarks, where entities may be deemed directors by deputization through Mr. Gorzynski’s board service.