[Form 4] ANTERO RESOURCES CORPORATION Insider Trading Activity

Rhea-AI Filing Summary

Antero Resources Corp. (ticker AR) filed a Form 4 disclosing that director W. Howard Keenan Jr. acquired 1,499 shares of common stock on 07/10/2025. The transaction code “A” indicates an acquisition at a stated price of $0.00, implying a board-related grant rather than an open-market purchase. After the transaction, Mr. Keenan directly owns 366,491 shares. No derivative securities, sales, or Rule 10b5-1 plan references were reported.

The additional shares modestly raise the director’s holdings but represent a negligible fraction of Antero’s total shares outstanding. While insider acquisitions are generally viewed as positive, the small size suggests the filing is routine with limited market impact.

Positive

• Insider acquisition: Director W. Howard Keenan Jr. received 1,499 shares, increasing direct ownership to 366,491 shares, which can be perceived as a mild confidence signal.

Negative

• Immaterial size: The 1,499-share grant is negligible relative to Antero’s total float and is unlikely to influence market perception or valuation.

Insights

Securities Analyst

TL;DR: Minor insider grant; neutral effect on AR shares.

The Form 4 shows a 1,499-share grant to director W. Howard Keenan Jr., raising his stake to 366,491 shares. Because the award was cost-free and equals well under 1% of outstanding shares, it neither signals a strong bullish stance nor alters the ownership structure meaningfully. Absence of sales or derivative activity removes downside interpretation. Overall, investors should view this as a normal director compensation event with neutral valuation impact.

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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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^*

Keenan W Howard JR

(Last) (First) (Middle)

C/O YORKTOWN PARTNERS LLC

410 PARK AVENUE, 20TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ANTERO RESOURCES Corp [ AR ]

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		1,499	A	$0.00	366,491	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 W. Howard Keenan, Jr.	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

What did Antero Resources (AR) report in the July 2025 Form 4?

Director W. Howard Keenan Jr. acquired 1,499 shares of common stock on 07/10/2025.

At what price were the AR shares acquired?

The filing lists a price of $0.00, indicating the shares were granted, not purchased on the market.

How many AR shares does W. Howard Keenan Jr. own after the transaction?

His direct ownership stands at 366,491 shares following the grant.

Did the Form 4 reference any derivative securities?

No, no derivative securities were reported in Table II.

Was the transaction executed under a Rule 10b5-1 trading plan?

The filing does not indicate that the acquisition was made under a Rule 10b5-1 plan.

What is the reporting person’s relationship to Antero Resources?

W. Howard Keenan Jr. is listed as a Director of the company.