[Form 4] Alpha Metallurgical Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Courtis Kenneth S., a director of Alpha Metallurgical Resources, Inc. (AMR), reported multiple open-market purchases of the company’s common stock on September 12 and September 15, 2025. The filings list a series of purchases at weighted-average prices ranging from about $140.89 to $157.19 per share. The transactions total 108,000 shares acquired across the reported dates, and the filing shows beneficial ownership of 734,537 shares following the reported purchases. Prices are reported as weighted averages with ranges for each grouped trade.

Positive

• Director executed multiple open-market purchases totaling 108,000 shares
• Reported beneficial ownership increased to 734,537 shares following the transactions
• Transactions disclosed with weighted-average prices and price ranges for transparency

Negative

• None.

Insights

Financial Analyst

Insider purchases total 108,000 shares, raising reported holdings to 734,537 shares.

The director executed a series of purchases over two dates with weighted-average prices disclosed for grouped trades spanning roughly $140.89 to $157.19 per share. The transactions appear to be open-market purchases (Transaction Code P) and are reported in accordance with Section 16 requirements. From a capital-markets perspective, multiple purchases by a director can be interpreted as a vote of confidence in management’s view of valuation, but the filing provides no explanation of intent or changes to compensation arrangements.

Corporate Governance Expert

Director Courtis reported aggregated purchases across two days, increasing direct beneficial ownership.

The Form 4 shows the director filing as an individual reporting person and lists only direct ownership changes. The filing is specific about transaction dates, share quantities, and weighted-average price ranges for grouped trades. There is no indication of derivative exercises or indirect ownership changes in this filing. Disclosure appears complete for the reported transactions but contains no commentary on whether these purchases were part of a 10b5-1 plan.

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
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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^*

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)
09/12/2025

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	09/12/2025		P		10,111	A	$141.5(1)	636,648	D
Common Stock, $0.01 par value per share	09/12/2025		P		21,942	A	$142.47	658,590(2)	D
Common Stock, $0.01 par value per share	09/12/2025		P		22,947	A	$143.31(3)	681,537	D
Common Stock, $0.01 par value per share	09/15/2025		P		147	A	$145.25(4)	681,684	D
Common Stock, $0.01 par value per share	09/15/2025		P		53	A	$146.47(5)	681,737	D
Common Stock, $0.01 par value per share	09/15/2025		P		987	A	$149.72(6)	682,724	D
Common Stock, $0.01 par value per share	09/15/2025		P		1,704	A	$150.76(7)	684,428	D
Common Stock, $0.01 par value per share	09/15/2025		P		2,086	A	$152.21(8)	686,514	D
Common Stock, $0.01 par value per share	09/15/2025		P		3,451	A	$153.34(9)	689,965	D
Common Stock, $0.01 par value per share	09/15/2025		P		10,225	A	$154.24(10)	700,190	D
Common Stock, $0.01 par value per share	09/15/2025		P		22,017	A	$155.16(11)	722,207	D
Common Stock, $0.01 par value per share	09/15/2025		P		11,431	A	$156(12)	733,638	D
Common Stock, $0.01 par value per share	09/15/2025		P		899	A	$156.96	734,537(13)	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 $140.89 to $141.88.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $141.90 to $142.89.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $142.90 to $143.80.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $144.95 to $145.88.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $146.25 to $146.53.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $149.15 to $149.95.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $150.26 to $151.19.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $151.65 to $152.64.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $152.65 to $153.64.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $153.66 to $154.64.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $154.66 to $155.65.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $155.66 to $156.64.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $156.66 to $157.19.

	/s/ William Phillips, attorney-in-fact	09/17/2025
	** 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).
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

What did AMR director Courtis Kenneth S. report on Form 4?

He reported multiple purchases of Alpha Metallurgical Resources common stock on September 12 and September 15, 2025, recorded on Form 4.

How many shares did the director acquire according to the filing?

The filing shows aggregated purchases totaling 108,000 shares across the reported transactions.

What is the director’s beneficial ownership after these transactions?

The Form 4 reports beneficial ownership of 734,537 shares following the reported purchases.

At what prices were the AMR shares purchased?

Prices are reported as weighted averages with trade ranges by group, spanning about $140.89 to $157.19 per share.

Were these purchases of common stock or derivatives?

All reported transactions in the filing are for common stock; no derivative securities are listed in Table II.