[Form 4] American Resources Corp Insider Trading Activity

Rhea-AI Filing Summary

American Resources Corp (AREC): Alex Lau filed an amended Form 4 correcting the transaction code to reflect a sale. The filing reports the sale of 1,000,000 shares of Class A common stock at $1.12 on 07/31/2025. Following the transaction, Lau beneficially owned 13,389,960 shares, held directly. The amendment clarifies that the transaction was a sale by changing the code from “P” to “S”.

Insights

Equity Ownership & Governance Analyst

Amended Form 4 corrects a director’s transaction from purchase to sale: 1,000,000 shares sold at $1.12, with 13,389,960 shares remaining directly owned.

The filing amends a prior Form 4 to change the transaction code from "P" (purchase) to "S" (sale). It confirms that on 07/31/2025, a director sold 1,000,000 shares of Class A common stock at $1.12 per share. Following the transaction, the director reports 13,389,960 shares owned directly. The form is filed by one reporting person and specifies the correction in the remarks.

Why this matters: a corrected code from buy to sell materially changes the interpretation of insider activity. It clarifies the direction of the transaction and the post‑trade holdings baseline for tracking future changes. The amendment provides a cleaner audit trail without altering terms beyond the corrected classification.

Items to watch include any subsequent Form 4s that change the reported 13,389,960 directly owned shares, or further amendments. The transaction date remains 07/31/2025, with the amendment executed on 10/22/2025. Monitoring consistency across future filings will help ensure accurate insight into ongoing ownership trends.

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)
07/31/2025

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	07/31/2025		S		1,000,000	D	$1.12	13,389,960	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:

This amendment is being filed to correct a typographical error in the original filing. Specifically, in Table 1, Box 3, the incorrect transaction code of "P" was used although the transaction reported was a sale. The transaction code has been corrected to "S" in this amendment.

	/s/ Alex Lau	10/22/2025
	** 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 insider activity was reported for AREC?

Alex Lau reported a sale of 1,000,000 shares of Class A common stock at $1.12 on 07/31/2025.

Why was this AREC Form 4 amended?

The amendment corrects a typographical error, changing the transaction code from "P" (purchase) to "S" (sale).

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

Following the transaction, Alex Lau beneficially owned 13,389,960 shares, held directly.

Who is the reporting person in the AREC filing?

The reporting person is Alex Lau.

What security was involved in the AREC insider transaction?

Class A common stock of American Resources Corp (AREC).

Were any derivative securities reported?

No derivative transactions are listed in the provided excerpt.