American Resources director files amended Form 4 for 1M-share sale

Rhea-AI Filing Summary

American Resources Corp (AREC) insider filing: A director reported selling 1,000,000 shares of Class A common stock on 08/19/2025 at $1.26 per share. Following the transaction, the reporting person beneficially owned 12,389,960 shares, held directly. This filing is an amendment that corrects the transaction code in Table I from “P” (purchase) to “S” (sale).

Insights

Insider Transactions Analyst

Amended Form 4 reclassifies a large insider transaction as a sale, not a purchase.

The filing reports a sale of 1,000,000 shares of American Resources Corp Class A common stock at $1.26 on 08/19/2025. The reporting person is identified as a Director and 10% Owner, and reports 12,389,960 shares beneficially owned after the transaction. This amendment corrects the transaction code in Table I from "P" (purchase) to "S" (sale).

This change matters because it alters the economic signal of the disclosed trade. A sale by a director and 10% owner is categorically different from a purchase in interpreting insider activity. The filing does not indicate a Rule 10b5-1 plan; it simply corrects the code to match the transaction as a sale.

Key items to watch: any subsequent Forms 4 that change holdings, and quarterly ownership roll-forwards that reconcile to the 12,389,960 post-transaction balance. Monitoring additional filings over the next few weeks through Q4 2025 can contextualize whether this was a one-off disposition or part of a broader pattern.

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		S		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:

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 did AREC’s insider report on Form 4?

A director reported a sale of Class A common stock and corrected the transaction code to “S” to reflect a sale.

How many AREC shares were sold and at what price?

The filing shows 1,000,000 shares sold at $1.26 per share on 08/19/2025.

How many AREC shares does the insider hold after the sale?

The reporting person beneficially owned 12,389,960 shares following the transaction.

What relationship does the reporting person have with AREC?

The filer is a Director of American Resources Corp.

Was this filing an amendment and what changed?

Yes. It amends the original to correct the transaction code from “P” (purchase) to “S” (sale).

Was the ownership direct or indirect?

The filing lists ownership as Direct (D).