HARVEY J BRETT 4

What Happened
Harvey J. Brett, a director of Warrior Met Coal, reported the exercise/conversion of a derivative resulting in 3,041 shares being acquired and simultaneously disposed on April 23, 2026 (transaction code M). The filing shows a $0.00 per-share price and $0 total cash value, which reflects the conversion/settlement of restricted stock units (RSUs) rather than a market purchase or sale. According to the filing footnotes, the RSUs vest and will be settled in shares in accordance with the director’s irrevocable deferral election.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-27 (timely filing).
• Reported price: $0.00; reported total value: $0.
• Shares reported: 3,041 acquired and 3,041 disposed (reflecting conversion/deferral).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs relate to grants under the company’s 2017 and 2026 Equity Incentive Plans and are settled in shares upon the reporting person’s termination per an irrevocable deferral election (see F1–F3).
• Transaction code M indicates exercise/conversion of a derivative (here, RSU conversion); no open-market sale occurred.

Context
This was an administrative conversion/settlement of vested RSUs into shares that were immediately deferred under an election — not a cash sale or an open-market buy. Such derivative conversions are routine and do not by themselves signal insider buying or selling intent.