Adams Natural Resources Fund: trust buys 1,010 shares

The revocable trust holding the reported PEO shares is identified as having Jane Musser Nelson and Gordon L. Nelson as trustees.

Available on EDGAR 10/30/2026 - 02:51 PM EDT Accepted by SEC EDGAR 10/30/2026 - 02:50 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Adams Natural Resources Fund, Inc. (PEO) director Jane Musser Nelson reported that the Jane Musser Nelson Revocable Trust purchased 1,010 shares on October 28, 2026. The shares were purchased at $29.93 per share, and the trust reported holdings of 4,135 shares after the transaction. No Rule 10b5-1 plan is reported for the purchase.

Insider Trade Summary

Net Buyer: 1,010 shares

Net Buy 1 txn

Insider Nelson Jane Musser

Role Director

Bought 1,010 shs ($30K)

Increase in Position 32.3%

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1,010	$29.93	$30K

Holdings After Transaction: Common Stock — 4,135 shares (Indirect, Trust)

Holdings Before and After: Common Stock, 3,125 to 4,135 shares (Indirect, Trust)

Footnotes (1)

1. F1. Jane Musser Nelson Revocable Trust; Jane Musser Nelson and Gordon L. Nelson, Trustees

Key Figures

Shares purchased: 1,010 shares Purchase price per share: $29.93 per share Shares held after transaction: 4,135 shares

3 metrics

Shares purchased 1,010 shares Purchase by the Jane Musser Nelson Revocable Trust on October 28, 2026

Purchase price per share $29.93 per share Purchase on October 28, 2026

Shares held after transaction 4,135 shares Reported position of the Jane Musser Nelson Revocable Trust

Key Terms

Revocable Trust

1 terms

Revocable Trust financial

"Jane Musser Nelson Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

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How many PEO shares did Jane Musser Nelson's trust purchase?

The Jane Musser Nelson Revocable Trust purchased 1,010 PEO shares at $29.93 per share on October 28, 2026. The trust reported 4,135 shares afterward; Jane Musser Nelson and Gordon L. Nelson are its trustees.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Nelson Jane Musser

(Last) (First) (Middle)

100 FEDERAL STREET

31ST FLOOR

(Street)

BOSTON MASSACHUSETTS 02110

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Stock	10/28/2026		P		1,010	A	$29.93	4,135	I	Trust(1)

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:

1. Jane Musser Nelson Revocable Trust; Jane Musser Nelson and Gordon L. Nelson, Trustees

	Jennifer Draut Renart as Attorney-in-Fact for Jane Musser Nelson	10/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)