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AMRAlpha Metallurgical Resources, Inc. · Insider ownership research

Alpha Metallurgical Resources, Inc. insiders sold $3.1M in the past 12 months. How much of their stake is that?

Insiders sold $3.1M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Daniel Horn (Chief Commercial Officer), sold $1.7M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
1
buyer among officers and directors (104 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
4 of 10
officers and directors sold shares, past 12 months
Is this normal? Less than usual: about one-ninth of the 5-year average. 4 insiders sold; the average is 4 a year. Year by year
Latest filing: Filed Sep 8 for a purchase on Sep 8. Kenneth Courtis bought 10K shares ($2.3M). Filing
SEC ownership filings: 36 filed in the 12 months to Oct 13, 2026; 352 on record since Nov 9, 2018 · See the evidence

What stands out

Kenneth Courtis bought 215K shares for $40.6M, first on Dec 8, 2025.Purchase, Dec 8, 2025
Daniel Horn sold $1.7M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Dec 11, 2025

A share of stake is shown for 0 of the 4 officers and directors who sold. 10 are left out

i
Left out: Michael Gorzynski, Kenneth Courtis, Daniel Horn, Charles Eidson, De Baker, Jason Whitehead, Daniel Smith, Joshua Munsey, Mark Manno and Shelly Lombard (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Daniel Horn
Chief Commercial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.7MNo plan disclosed
Jason Whitehead
President & COO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$828KNo plan disclosed
Joshua Munsey
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$462KNo plan disclosed
Mark Manno
EVP, GC & Secretary
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$99KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $1.5M no plan disclosed$1.5MDecJanFebMar 2026: $627K no plan disclosedMarAprMayJun 2026: $927K no plan disclosedJunJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 8, 2026Kenneth Courtis bought 10K shares ($2.3M).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Kenneth Courtis
Director
10,000$225.83n/an/aSep 8, 2026Sep 8, 2026

Outside holders, reported separately

Michael Gorzynski reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Alpha Metallurgical Resources, Inc. CEO selling stock?

No. Charles Eidson reported no open-market sales in the past 12 months.

Why are Alpha Metallurgical Resources, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Alpha Metallurgical Resources, Inc. insiders buying?

Yes. 1 officer or director reported 104 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Daniel Horn
Chief Commercial Officer
$1.7M
9.1K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Jason Whitehead
President & COO
$828K
3.9K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Joshua Munsey
Chief Financial Officer
$462K
2.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Mark Manno
EVP, GC & Secretary
$99K
460 shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Board members representing outside shareholders, reported separately: Michael Gorzynski. Details

The full ownership picture0 of 10 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Michael Gorzynski
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Gorzynski are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Gorzynski

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Gorzynski are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
3,126$188.52May 6, 2036$128K

Estimate: options held × ($229.39 − strike price), using the most recent insider trade price on Form 4 (Sep 8, 2026), not a market close.

Kenneth Courtis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kenneth Courtis are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kenneth Courtis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kenneth Courtis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,162$188.52May 6, 2036$88K

Estimate: options held × ($229.39 − strike price), using the most recent insider trade price on Form 4 (Sep 8, 2026), not a market close.

Daniel Horn
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Daniel Horn are complete.
Chief Commercial Officer
n/a−9.1Kn/an/a
Vesting, gifts, unvested awards and holding lines for Daniel Horn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Daniel Horn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.2Kwithheld by the company for taxes
Charles Eidson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Eidson are complete.
Chief Executive Officer, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Charles Eidson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Eidson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5Kwithheld by the company for taxes
De Baker
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for De Baker are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for De Baker

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for De Baker are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jason Whitehead
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Whitehead are complete.
President & COO
n/a−3.9Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jason Whitehead

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Whitehead are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.5Kwithheld by the company for taxes
Daniel Smith
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Daniel Smith are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Daniel Smith

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Daniel Smith are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Joshua Munsey
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joshua Munsey are complete.
Chief Financial Officer
n/a−2.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Joshua Munsey

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joshua Munsey are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.1Kwithheld by the company for taxes
Mark Manno
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Manno are complete.
EVP, GC & Secretary
n/a−460n/an/a
Vesting, gifts, unvested awards and holding lines for Mark Manno

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Manno are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−352withheld by the company for taxes
Shelly Lombard
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Shelly Lombard are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Shelly Lombard

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Shelly Lombard are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Alpha Metallurgical Resources, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$3.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $3.1M across 15,980 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $3.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.7M of it is Daniel Horn. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Daniel Horn, Dec 11, 2025

Taxes

13,167 shares ($3.1M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (104 trades)

1 officer or director bought shares in this period, in 104 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 131 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Daniel Horn
Chief Commercial Officer
9.1K$1.7M0%55%Dec 11, 2025 to Mar 5, 2026
Jason Whitehead
President & COO
3.9K$828K0%27%Jun 3, 2026 to Jun 3, 2026
Joshua Munsey
Chief Financial Officer
2.5K$462K0%15%Mar 4, 2026 to Mar 4, 2026
Mark Manno
EVP, GC & Secretary
460$99K0%3%Jun 1, 2026 to Jun 1, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$1.5M$0$0$1.5M
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$627K$0$0$627K
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$927K$0$0$927K
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Michael Gorzynski
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Gorzynski are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Gorzynski

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Gorzynski are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-ninth of the 5-year average. 4 insiders sold; the average is 4 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
16K4$3.1M
Oct 13, 2025
1 year earlier
14K2$2.3M
Oct 13, 2024
2 years earlier
334K7$120M
Oct 14, 2023
3 years earlier
74K4$13.2M
Oct 14, 2022
4 years earlier
302K9$38.2M
Oct 14, 2021
5 years earlier
00$0

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty10 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Alpha Metallurgical Resources, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology352 filings on record, 36 filed in the 12-month period, and how we read them

All 352 Forms 3, 4 and 5 on record for Alpha Metallurgical Resources, Inc. (SEC CIK 1704715), filed from Nov 9, 2018 to Sep 8, 2026; 36 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (21)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Roger NicholsonJun 4, 20246,256 shares, last reported balance as of May 31, 2024
David StetsonMay 3, 202420,484 shares, last reported balance as of May 2, 2024
Elizabeth FessendenFeb 26, 20244,829 shares, last reported balance as of Feb 23, 2024
Albert Ferrara Jr.May 9, 202320,292 shares, last reported balance as of May 3, 2023
Michael QuillenMay 9, 202316,019 shares, last reported balance as of May 3, 2023
Scott VogelMay 5, 202250,536 shares, last reported balance as of May 3, 2022
John LushefskiMay 5, 202014,640 shares, last reported balance as of May 1, 2020
Daniel GeigerMay 5, 20202,761 shares, last reported balance as of May 1, 2020
Emily MedineMay 5, 20205,873 shares, last reported balance as of May 1, 2020
DAVIDSON KEMPNER PARTNERSNov 21, 20191,803,285 shares, last reported balance as of Nov 20, 2019
DAVIDSON KEMPNER CAPITAL MANAGEMENT LPNov 21, 20191,803,285 shares, last reported balance as of Nov 20, 2019
WHITEBOX ADVISORS LLCSep 20, 20191,784,025 shares, last reported balance as of Sep 19, 2019
James KreutzerSep 5, 201914,240 shares, last reported balance as of Sep 3, 2019
Kevin StanleyAug 23, 201914,044 shares, last reported balance as of Aug 21, 2019
Jill HarrisonMay 9, 201913,696 shares, last reported balance as of May 7, 2019
Suzan MooreMay 9, 201913,384 shares, last reported balance as of May 7, 2019
Kevin CrutchfieldMay 6, 2019131,479 shares, last reported balance as of May 3, 2019
Anthony OrlandoMay 3, 20191,774 shares, last reported balance as of May 1, 2019
Michael WardMay 3, 20193,104 shares, last reported balance as of May 1, 2019
Neale TrangucciMay 3, 20193,959 shares, last reported balance as of May 1, 2019
Harvey TepnerMay 3, 201926,856 shares, last reported balance as of May 1, 2019

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