Thomas M. Sauve - 15 Aug 2023 Form 4 Insider Report for American Resources Corp (AREC)

Signature
Thomas Sauve
Issuer symbol
AREC
Transactions as of
15 Aug 2023
Net transactions value
$0
Form type
4
Filing time
16 Aug 2023, 18:27:01 UTC
Previous filing
19 May 2022
Next filing
02 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREC Class A Common Stock Gift $0 -4,429,501 -100% $0.000000* 0 15 Aug 2023 Direct F1
transaction AREC Class A Common Gift $0 +4,429,501 $0.000000 4,429,501 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 Midwest General Investment Company LLC, which is wholly owned by a family trust of which Mr. Sauve and his sibling are beneficiaries.
F2 Represents shares held by Midwest General Investment Company LLC, which is wholly owned by a family trust of which Mr. Sauve and his sibling are beneficiaries