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

Role
President, Director
Signature
Thomas Sauve
Stock symbol
AREC
Transactions as of
Aug 15, 2023
Transactions value $
$0
Form type
4
Date filed
8/16/2023, 07:27 PM
Previous filing
May 19, 2022
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREC Class A Common Stock Gift $0 -4.43M -100% $0.00* 0 Aug 15, 2023 Direct F1
transaction AREC Class A Common Gift $0 +4.43M $0.00 4.43M 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 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