W. Howard Keenan Jr. - 13 May 2025 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Role: Director
Signature: /s/ W. Howard Keenan, Jr.
Issuer symbol: AR
Transactions as of: 13 May 2025
Net transactions value: -$44,884,535
Form type: 4
Filing time: 15 May 2025, 20:21:19 UTC
Previous filing: 14 Apr 2025
Next filing: 14 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Keenan W Howard JR	Director	C/O YORKTOWN PARTNERS LLC, 410 PARK AVENUE, 20TH FLOOR, NEW YORK	/s/ W. Howard Keenan, Jr.	15 May 2025	0001370287

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	Sale	$23,679,690	-583,189	-53%	$40.60	516,811	13 May 2025	See Footnote	F1, F2, F5
transaction	AR	Common Stock, par value $0.01 per share	Sale	$19,672,230	-478,798	-93%	$41.09	38,013	13 May 2025	See Footnote	F1, F3, F5
transaction	AR	Common Stock, par value $0.01 per share	Sale	$1,532,616	-38,013	-100%	$40.32	0	14 May 2025	See Footnote	F1, F4, F5
holding	AR	Common Stock, par value $0.01 per share						364,992	13 May 2025	Direct

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

Explanation of Responses:

Id	Content
F1	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
F2	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.13 to $40.94, inclusive. The reporting person undertakes to Antero Resources Corp. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2), (3), and (4).
F3	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.94 to $41.27, inclusive.
F4	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.03 to $40.57, inclusive.
F5	These securities are owned directly by Yorktown Energy Partners VIII, L.P. ("Yorktown VIII"). The reporting person is a member and manager of Yorktown VIII Associates LLC, the general partner of Yorktown VIII Company LP, the general partner of Yorktown VIII.