Janis F. Kerns - 31 Dec 2025 Form 5 Insider Report for ADAMS NATURAL RESOURCES FUND, INC. (PEO)

Role: V.P.,Gen. Counsel, CCO & Sec'y
Signature: Gail L. Valenti as Attorney-in-Fact for Janis F. Kerns
Issuer symbol: PEO
Transactions as of: 31 Dec 2025
Net transactions value: $0
Form type: 5
Filing time: 05 Feb 2026, 11:53:15 UTC
Previous filing: 10 Feb 2025
Next filing: 02 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kerns Janis F.	V.P.,Gen. Counsel, CCO & Sec'y	ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE	Gail L. Valenti as Attorney-in-Fact for Janis F. Kerns	05 Feb 2026	0001728472

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PEO	Common Stock	Other	$0	+1,136	+17%	$0.000000	7,875	31 Dec 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These shares were acquired in exempt transactions as a result of dividend reinvestments, thrift plan employee contributions, and employer matching contributions. The Issuer's stock traded in a range of $23.91 - $18.47 during 2025.