Mark Jensen - 15 Aug 2023 Form 4 Insider Report for American Resources Corp (AREC)

Role
Chief Executive Officer, Director
Signature
Mark Jensen
Issuer symbol
AREC
Transactions as of
15 Aug 2023
Transactions value $
$0
Form type
4
Filing time
16 Aug 2023, 19:34:20 UTC
Previous filing
10 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREC Class A Common Gift $0 -5.2M -100% $0.00* 0 15 Aug 2023 Direct F1
transaction AREC Class A Common Gift $0 +5.2M $0.00 5.2M 15 Aug 2023 By LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares gifted in an exempt transaction under Rule 16b-5 by the reporting person for no consideration to White River Ventures LLC, which is wholly owned by a family trust of which Mr. Jensen and his wife and children are beneficiaries.
F2 Represents shares held by White River Ventures LLC, which is wholly owned by a family trust of which Mr. Jensen and his wife and children are beneficiaries.