ARLP (ARLP) CFO reports restricted unit vesting and tax share delivery

Rhea-AI Filing Summary

Alliance Resource Partners LP senior vice president and CFO Cary P. Marshall reported equity award activity involving restricted and common units. On February 17, 2026, 30,945 restricted units were exercised into common units at a reference price of $24.37, with the resulting common units held by the Cary P. Marshall Revocable Trust.

To cover tax liabilities, 13,880 common units were delivered back at the same $24.37 vesting price, reducing the trust’s post-transaction holdings to 1,017,728 common units. Separately, an affiliated entity, Marshall Children LLC, is shown as indirectly holding 93,125 common units.

Insider Trade Summary

30,945 shares exercised/converted

Mixed 4 txns

Insider MARSHALL CARY P

Role SENIOR VP AND CFO

Type	Security	Shares	Price	Value
Exercise	Restricted unit	30,945	$0.00	--
Exercise	Common unit	30,945	$0.00	--
Tax Withholding	Common unit	13,880	$24.37	$338K
holding	Common unit	--	--	--

Holdings After Transaction: Restricted unit — 0 shares (Direct); Common unit — 1,031,608 shares (Indirect, Held by trust)

Footnotes (1)

1. The restricted units were issued on February 17, 2026 based upon an ARLP unit price of $24.37. Units held by Cary P. Marshall Revocable Trust DTD 11/15/1998. Upon issuance, restricted units are withheld by the Partnership for the payment of tax liability at the vesting price of $24.37. Units held by Marshall Children LLC C/O Cindy Marshall. Not applicable

Form 4 Insider Transactions: What Each Field Means →

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^*

MARSHALL CARY P

(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 VP AND CFO

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		30,945	A	(1)	1,031,608	I	Held by trust(2)
Common unit	02/17/2026		F		13,880	D	$24.37(3)	1,017,728	I	Held by trust(2)
Common unit								93,125	I	Held by LLC(4)

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			30,945	02/17/2026	(5)	Common unit	30,945	(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. Units held by Cary P. Marshall Revocable Trust DTD 11/15/1998.

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

4. Units held by Marshall Children LLC C/O Cindy Marshall.

5. Not applicable

	/s/ Cary P. Marshall by Kenneth Hemm, pursuant to power of attorney dated April 12, 2013	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.
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FAQ

What insider transactions did ARLP CFO Cary P. Marshall report on February 17, 2026?

On February 17, 2026, ARLP senior VP and CFO Cary P. Marshall exercised 30,945 restricted units into common units and delivered 13,880 common units to cover tax liabilities, with the resulting holdings reflected in related trust and LLC accounts.

How many Alliance Resource Partners (ARLP) restricted units were converted in this Form 4?

The filing shows 30,945 restricted units were issued and then exercised into ARLP common units on February 17, 2026, at a reference unit price of $24.37, with the resulting common units held indirectly through the Cary P. Marshall Revocable Trust.

What tax-related disposition is disclosed in the ARLP Form 4 for Cary P. Marshall?

The Form 4 reports a tax-withholding disposition of 13,880 ARLP common units at $24.37 per unit. These units were delivered to satisfy tax liabilities arising from the vesting and conversion of restricted units into common units held by the revocable trust.

What are the indirect ARLP holdings reported for the Cary P. Marshall Revocable Trust?

After the reported transactions, the Cary P. Marshall Revocable Trust is shown as indirectly holding 1,017,728 ARLP common units. These units reflect both the exercise of 30,945 restricted units and the 13,880-unit tax-withholding disposition recorded on February 17, 2026.

Which entities associated with ARLP CFO Marshall hold common units according to the Form 4?

The filing identifies two indirect holders: the Cary P. Marshall Revocable Trust, which holds 1,017,728 ARLP common units after the transactions, and Marshall Children LLC, which is reported as holding 93,125 ARLP common units through an entity address care of Cindy Marshall.