Kennedy Michael N. 4
4 · ANTERO RESOURCES Corp · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Antero Resources (AR) CEO Michael Kennedy Sells 185,826 Shares
What Happened
Michael N. Kennedy, Chief Executive Officer & President (and director) of Antero Resources (AR), sold a total of 185,826 shares on May 4, 2026. The sales were reported as two transactions: 170,740 shares at a weighted-average price of $39.31 (proceeds $6,711,789) and 15,086 shares at a weighted-average price of $39.61 (proceeds $597,556). Combined proceeds were approximately $7,309,345. These were sales (not purchases) and therefore are often routine liquidity transactions rather than a direct bullish signal.
Key Details
- Transaction date: May 4, 2026 (both entries). Transaction type: Sale (code S), described as "open market or private sale."
- Prices and ranges: 170,740 shares @ $39.31 (weighted avg; prices in that block ranged $38.57–$39.56); 15,086 shares @ $39.61 (weighted avg; prices in that block ranged $39.57–$39.75). The filer can provide exact per-trade breakdown on request (per footnotes).
- Plan/authority: Sales were executed under a Rule 10b5-1 trading plan adopted by Kennedy on November 6, 2025.
- Ownership after transaction: The excerpt does not state a final total share count; footnote notes holdings include 172,117 RSUs and 70,747 performance share units that remain subject to service-based vesting.
- Filing timeliness: Report filed May 4, 2026 (same day as the reported date), indicating a timely Form 4 filing in this excerpt.
Context: These were planned sales under a 10b5-1 plan (pre-arranged trading program). Such sales are common for executives managing planned liquidity and do not by themselves indicate a change in company outlook.
Insider Transaction Report
- Sale
Common stock, par value $0.01 per share
[F1][F2][F4]2026-05-04$39.31/sh−170,740$6,711,789→ 1,100,278 total - Sale
Common stock, par value $0.01 per share
[F1][F3][F4]2026-05-04$39.61/sh−15,086$597,556→ 1,085,192 total
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 6, 2025.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.57 to $39.56, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3).
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.57 to $39.75, inclusive.
- [F4]Includes 172,117 shares of common stock of the Issuer subject to restricted stock units awards and 70,747 performance share units in respect of which performance has been certified, in each case that remain subject to service-based vesting.