Adams Natural Resources director reports holdings

Adams Natural Resources Fund, Inc. director Steven G. Chambers filed an initial ownership report showing indirect holdings of 3,845 shares of common stock.

Rhea-AI Filing Summary

Adams Natural Resources Fund, Inc. director Steven G. Chambers filed an initial ownership report showing indirect holdings of 3,845 shares of common stock. These shares are held by the Steven G. Chambers Trust - 2017, reflecting trust-based, indirect beneficial ownership rather than a new market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHAMBERS STEVEN G

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,845 shares (Indirect, By Trust)

Footnotes (1)

1. F1. Steven G. Chambers Trust - 2017

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the latest Form 3 filing for PEO show about Steven G. Chambers?

The Form 3 shows that director Steven G. Chambers has indirect beneficial ownership of 3,845 shares of Adams Natural Resources Fund common stock, held through the Steven G. Chambers Trust - 2017, rather than in a personal trading account or through a recent market transaction.

How many PEO shares are reported in the Steven G. Chambers Trust - 2017?

The filing reports 3,845 shares of Adams Natural Resources Fund common stock held indirectly through the Steven G. Chambers Trust - 2017. This reflects the trust’s position attributed to Chambers for reporting purposes, not a newly executed purchase or sale in the market.

Is the PEO Form 3 for Steven G. Chambers a buy or sell transaction?

The Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership indicating that 3,845 shares of Adams Natural Resources Fund common stock are held indirectly through the Steven G. Chambers Trust - 2017.

How are Steven G. Chambers’ PEO shares held according to the Form 3?

According to the Form 3, Steven G. Chambers’ reported 3,845 shares of Adams Natural Resources Fund common stock are held indirectly, with ownership described as "By Trust" and specifically referenced as the Steven G. Chambers Trust - 2017 in the filing footnote.

Why is Steven G. Chambers’ ownership in PEO described as indirect?

Ownership is described as indirect because the 3,845 shares of Adams Natural Resources Fund common stock are held by the Steven G. Chambers Trust - 2017. The filing attributes these trust-held shares to Chambers for reporting, rather than being directly registered in his personal name.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 01:55 PM EST Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

CHAMBERS STEVEN G

(Last) (First) (Middle)

500 EAST PRATT STREET

SUITE 1300

(Street)

BALTIMORE MD 21202

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/12/2026

3. Issuer Name and Ticker or Trading Symbol
ADAMS NATURAL RESOURCES FUND, INC. [ PEO ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,845	I	By Trust(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Steven G. Chambers Trust - 2017

	Gail L. Valenti as Attorney-in-Fact for Steven G. Chambers	02/20/2026
	** 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 5 (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.