Courtis Kenneth S. 4

What Happened
Kenneth S. Courtis, a director of Alpha Metallurgical Resources, made multiple open-market purchases (code P) on March 12, 2026, acquiring a total of 8,000 shares of AMR for approximately $1,528,549 (about $191.07 average price). The purchases were reported in seven tranches ranging from 492 to 2,600 shares at reported weighted-average prices of $187.47, $188.85, $189.37, $190.65, $192.23, $193.17 and $193.94.

Key Details

• Transaction date: 2026-03-12 (all purchases)
• Report filed: 2026-03-20 (8 days after the trades; typically Form 4s are due within 2 business days) — filing appears late.
• Total shares purchased: 8,000; total reported value: $1,528,549 (~$1.53M).
• Reported tranche details (shares @ weighted-average price):
  • 492 @ $187.47 (F1: trades ranged $187.02–$187.88)
  • 608 @ $188.85 (F2: $188.02–$188.99)
  • 2,600 @ $189.37 (F3: $189.04–$189.82)
  • 362 @ $190.65 (F4: $190.46–$191.44)
  • 1,362 @ $192.23 (F5: $191.68–$192.61)
  • 1,676 @ $193.17 (F6: $192.68–$193.59)
  • 900 @ $193.94 (F7: $193.69–$194.28)
• Shares owned after the transactions: not provided in the summary here — see the filed Form 4 for post-transaction holdings and schedule of beneficial ownership.
• Notable footnotes: each reported price is a weighted average for multiple executions (ranges listed above).

Context

• These were straight open-market purchases (code P), which are direct buys of company stock and are generally viewed as an insider adding to a personal position; filings do not state motive.
• The filing date is later than the standard Form 4 reporting window (2 business days), which is worth noting for timeliness; late filings do not change the economic facts of the trades but can reduce the immediacy of disclosure for investors.