ARLP (ARLP) SVP converts 34,080 restricted units, withholds 15,200 for taxes

Rhea-AI Filing Summary

ALLIANCE RESOURCE PARTNERS LP senior vice president Kirk Tholen reported equity-based compensation activity involving restricted units and common units. On February 17, 2026, he exercised or converted 34,080 restricted units into the same number of common units at a stated price of $0.00 per unit. After this exercise, his directly held common units increased to 187,857 units.

On the same date, 15,200 common units were disposed of at $24.37 per unit in a transaction coded "F," which represents units withheld to cover tax liability rather than an open-market sale. Following this tax-withholding disposition, Tholen directly owned 172,657 common units.

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

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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^*

Tholen Kirk

(Last) (First) (Middle)

1717 S. BOULDER AVENUE

SUITE 400

(Street)

TULSA OK 74119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLIANCE RESOURCE PARTNERS LP [ ARLP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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 unit	02/17/2026		M		34,080	A	(1)	187,857	D
Common unit	02/17/2026		F		15,200	D	$24.37(2)	172,657	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
Restricted unit	(1)	02/17/2026		M			34,080	02/17/2026	(3)	Common unit	34,080	(1)	0	D

Explanation of Responses:

1. The restricted units were issued on February 17, 2026 based upon an ARLP unit price of $24.37.

2. Upon issuance, restricted units are withheld by the Partnership for the payment of tax liability at the vesting price of $24.37.

3. Not applicable

	/s/ Kirk Tholen by Kenneth Hemm, pursuant to power of attorney dated December 11, 2019	02/19/2026
	** 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 transactions did ARLP executive Kirk Tholen report on this Form 4?

Kirk Tholen reported exercising or converting 34,080 restricted units into common units and a related tax-withholding disposition of 15,200 common units at $24.37 per unit, all dated February 17, 2026.

Did ARLP insider Kirk Tholen buy or sell common units in the open market?

The filing shows no open-market buys or sells. Tholen exercised 34,080 restricted units into common units and then had 15,200 units withheld at $24.37 per unit to cover tax obligations, coded as a tax-withholding disposition.

How many ALLIANCE RESOURCE PARTNERS (ARLP) units does Kirk Tholen own after the reported transactions?

After these transactions, Kirk Tholen directly owns 172,657 common units of ALLIANCE RESOURCE PARTNERS LP. This reflects the exercise of 34,080 restricted units and the withholding of 15,200 units for tax purposes on February 17, 2026.

What does the transaction code M mean in the ARLP Form 4 for Kirk Tholen?

Transaction code M indicates an exercise or conversion of a derivative security. Tholen used it for converting 34,080 restricted units into the same number of common units, recorded at a stated price of $0.00 per unit on February 17, 2026.

What does transaction code F signify in Kirk Tholen’s ARLP Form 4?

Code F represents a tax-withholding disposition, not an ordinary sale. Tholen had 15,200 common units withheld at $24.37 per unit to pay tax liability tied to the restricted unit issuance and vesting on February 17, 2026.

How were the ARLP restricted units valued for Kirk Tholen’s February 17, 2026 grant?

The restricted units were issued using an ARLP unit price of $24.37. Upon issuance, units are withheld by the partnership to satisfy tax liabilities at this vesting price, which in this case led to a 15,200-unit tax-withholding disposition.