[Form 4] AMERICAN RESOURCES CORP Insider Trading Activity

Rhea-AI Filing Summary

American Resources Corp (AREC) insider sale disclosed. Golden Properties Ltd., listed as a director and 10% owner, reported on Form 4 that on 08/19/2025 it disposed of 1,000,000 shares of Class A Common Stock at a price of $1.26 per share. After the reported transaction the reporting person beneficially owned 12,389,960 shares. The filing is signed by Alex Lau on 08/20/2025 and is submitted as a filing by one reporting person.

Positive

• Timely disclosure of the insider transaction with post-trade beneficial ownership provided
• Clear, complete reporting of number of shares, price, and resulting holdings

Negative

• Material insider sale of 1,000,000 Class A shares reported
• Reporting person is a director and 10% owner, making the disposition potentially significant to ownership concentration

Insights

Securities Analyst

TL;DR: A significant insider disposal of 1,000,000 AREC shares was reported, leaving ~12.39M shares held.

The Form 4 shows a single non-derivative disposal recorded on 08/19/2025: 1,000,000 Class A common shares sold at $1.26 each. The reporting entity is Golden Properties Ltd., noted as a director and a 10% owner, which makes the transaction material from an ownership concentration perspective. The document is a straightforward Section 16 disclosure and contains the post-transaction beneficial ownership figure, improving transparency about insider holdings.

Corporate Governance Expert

TL;DR: Insider disposition by a substantial holder and director was disclosed promptly on Form 4.

The filing identifies the reporting person as both a director and a 10% owner, which elevates the relevance of the sale to stakeholders. The Form 4 includes transaction code "P," reports the number of shares disposed (1,000,000), the per-share price ($1.26), and resulting beneficial ownership (12,389,960). The signature by Alex Lau on 08/20/2025 completes the required certification for the disclosure.

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^*

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)
08/19/2025

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	08/19/2025		P		1,000,000	D	$1.26	12,389,960	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	08/20/2025
	** 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 transaction did Golden Properties Ltd. report on Form 4 for AREC?

The Form 4 reports a disposal of 1,000,000 Class A common shares on 08/19/2025 at a price of $1.26 per share.

How many AREC shares does the reporting person own after the transaction?

After the reported transaction the reporting person beneficially owned 12,389,960 shares.

What is the reporting person's relationship to American Resources Corp (AREC)?

The filing lists the reporting person, Golden Properties Ltd., as a Director and a 10% owner of the issuer.

When was the Form 4 signed and by whom?

The Form 4 is signed by Alex Lau on 08/20/2025.

What class of security was involved in the reported transaction?

The transaction involved Class A Common Stock of American Resources Corp.