Courtis Kenneth S. 4

What Happened
Kenneth S. Courtis, a director of Alpha Metallurgical Resources, Inc. (AMR), purchased a total of 15,000 shares in five open-market transactions on March 10, 2026, for a combined reported value of $2,727,673. The individual transactions were:

• 7,669 shares at $180.67 — $1,385,558 (weighted avg; range $180.26–$181.24)
• 1,787 shares at $181.93 — $325,109 (weighted avg; range $181.30–$182.28)
• 2,976 shares at $182.92 — $544,370 (weighted avg; range $182.32–$183.28)
• 2,014 shares at $183.88 — $370,334 (weighted avg; range $183.36–$184.27)
• 554 shares at $184.66 — $102,302 (weighted avg; range $184.38–$185.12)

This was a purchase (insider acquisition), which investors often view as a positive signal, though the filing does not state the insider’s motivation.

Key Details

• Transaction date: March 10, 2026 (reported on Form 4 filed March 12, 2026). Filing appears timely (within the typical two-business-day window).
• Transaction type/code: P = Purchase (open market).
• Total shares acquired: 15,000; total reported consideration: $2,727,673.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes: Each line reports a weighted-average price and gives the per-trade price ranges (see ranges above). No footnotes indicating a 10b5‑1 plan, gift, tax withholding, or option exercise were provided in the excerpt.

Context

• These were straight open-market purchases by a company director (not an option exercise or gift).
• Purchases by insiders can be interpreted as a show of confidence in the company, but they do not prove future performance; the filing contains no stated plan or reason for the purchases.