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

Role
Chief Executive Officer, Director
Signature
Mark Jensen
Stock symbol
AREC
Transactions as of
Aug 15, 2023
Transactions value $
$0
Form type
4
Date filed
8/16/2023, 06:34 PM
Previous filing
May 10, 2023

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 Aug 15, 2023 Direct F1
transaction AREC Class A Common Gift $0 +5.2M $0.00 5.2M Aug 15, 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.