AREC insider sells 186,108 shares; holds 10,588,832 after trades

American Resources Corp (AREC) insider Alex Lau filed a Form 4 reporting multiple open-market sales of Class A Common Stock on 11/07/2025.

Rhea-AI Filing Summary

American Resources Corp (AREC) insider Alex Lau filed a Form 4 reporting multiple open-market sales of Class A Common Stock on 11/07/2025. The transactions totaled 186,108 shares sold at prices ranging from $4.00 to $4.11.

Following these sales, Lau beneficially owned 10,588,832 shares, held directly. The filing indicates it was submitted by one reporting person, and the reporting person is listed as a Director.

Insider Trade Summary

Net Seller: 196,108 shares

Net Sell 17 txns

Insider GOLDEN PROPERTIES LTD.

Role 10% Owner

Sold 196,108 shs ($792K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	20,000	$4.01	$80K
Sale	Class A Common Stock	10,000	$4.02	$40K
Sale	Class A Common Stock	10,000	$4.06	$41K
Sale	Class A Common Stock	10,000	$4.05	$41K
Sale	Class A Common Stock	20,000	$4.11	$82K
Sale	Class A Common Stock	16,295	$4.10	$67K
Sale	Class A Common Stock	3,705	$4.10	$15K
Sale	Class A Common Stock	10,000	$4.02	$40K
Sale	Class A Common Stock	10,000	$4.05	$41K
Sale	Class A Common Stock	10,000	$4.04	$40K
Sale	Class A Common Stock	10,000	$4.01	$40K
Sale	Class A Common Stock	10,000	$4.03	$40K
Sale	Class A Common Stock	10,000	$4.01	$40K
Sale	Class A Common Stock	10,000	$4.00	$40K
Sale	Class A Common Stock	10,000	$4.05	$41K
Sale	Class A Common Stock	10,000	$4.00	$40K
Sale	Class A Common Stock	16,108	$4.00	$64K

Holdings After Transaction: Class A Common Stock — 10,588,832 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AREC's insider report on Form 4?

Alex Lau reported open-market sales of 186,108 shares of Class A Common Stock on 11/07/2025 at $4.00–$4.11.

What is the remaining beneficial ownership after the transactions for AREC?

After the reported sales, beneficial ownership was 10,588,832 shares, held directly.

What were the sale prices reported in the AREC Form 4?

Reported sales occurred at prices ranging from $4.00 to $4.11 per share.

Who is the reporting person in the AREC Form 4?

The reporting person is Alex Lau, listed as a Director.

Were derivatives involved in the AREC Form 4 filing?

No derivative transactions were listed in the provided excerpt; only non-derivative common stock sales were shown.

How many reporting persons filed this AREC Form 4?

It was filed by one reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/12/2025 - 02:09 PM EST Learn about SEC filing dates

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^*

GOLDEN PROPERTIES LTD.

(Last) (First) (Middle)

#500

1177 WEST HASTINGS STREET

(Street)

VANCOUVER A1 V6E 2K3

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Resources Corp [ AREC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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
Class A Common Stock	11/07/2025		S		20,000	D	$4.01	10,764,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.02	10,754,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.06	10,744,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.05	10,734,940	D
Class A Common Stock	11/07/2025		S		20,000	D	$4.11	10,714,940	D
Class A Common Stock	11/07/2025		S		16,295	D	$4.1	10,698,645	D
Class A Common Stock	11/07/2025		S		3,705	D	$4.1	10,694,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.02	10,684,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.05	10,674,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.04	10,664,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.01	10,654,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.03	10,644,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.01	10,634,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4	10,624,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4.05	10,614,940	D
Class A Common Stock	11/07/2025		S		10,000	D	$4	10,604,940	D
Class A Common Stock	11/07/2025		S		16,108	D	$4	10,588,832	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:

Remarks:

	/s/ Alex Lau	11/10/2025
	** 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).
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.