Michael N. Kennedy - 16 Mar 2026 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Role: Chief Executive Officer & President, Director
Signature: /s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy
Issuer symbol: AR
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2026, 20:46:36 UTC
Previous filing: 10 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kennedy Michael N.	Chief Executive Officer & President, Director	1615 WYNKOOP STREET, DENVER	/s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy	18 Mar 2026	0001477679

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AR	Common stock, par value $0.01 per share	Options Exercise		+10,510	+0.82%	$0.000000^*	1,284,747	16 Mar 2026	Direct	F1, F2
transaction	AR	Common stock, par value $0.01 per share	Tax liability		-13,729	-1.1%	$41.03^*	1,271,018	16 Mar 2026	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AR	Performance Share Unit	Options Exercise		-10,510	-100%		0	16 Mar 2026	Common stock, par value $0.01 per share	10,510		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 7, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") granted performance share units (the "2023 TSR PSUs"), 25% of which vest based on the Issuer's absolute total shareholder return ("TSR") over the fourth and final performance period, which ran from March 7, 2023 through March 7, 2026 (the "Fourth Tranche"). On March 16, 2026, the Compensation Committee certified the Issuer's absolute TSR over the fourth performance period between the target and maximum performance level, resulting in the Fourth Tranche becoming earned at 101.52% of the target amount granted for that tranche and 25.38% of the total target number of 2023 TSR PSUs granted.
F2	Includes 172,117 shares of common stock of the Issuer ("Common Stock") subject to restricted stock units ("RSU") awards and 70,747 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting.
F3	In connection with the vesting and settlement of the 2023 TSR PSUs through the issuance of Common Stock pursuant to the Amended and Restated Antero Resources Corporation 2020 Long-Term Incentive Plan, the Issuer withheld Common Stock that would have otherwise been issued to the Reporting Person to satisfy their tax withholding obligations. The number of shares of Common Stock withheld was determined based on the closing price per share of Common Stock on March 16, 2026.

Remarks:

Chief Executive Officer & President