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AMR Alpha Metallurgical Resources, Inc. Insider Trading

Latest: President & COO Sold $828K of Shares · Jun 2026

Multiple insiders have been active at Alpha Metallurgical Resources, Inc. (AMR): 4 distinct insiders account for 11 buy filings and 4 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: President & COO Jason E. Whitehead sold $828K, transaction dated Jun 2026.

15 filings analyzed · Latest 2026-06-16

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Buys
11
Sells
4
Insiders
4
Direction
Net buying

Alpha Metallurgical Resources, Inc. leadership

COO
Jason E. Whitehead — President and Chief Operating Officer
General Counsel
Mark M. Manno — Executive Vice President, General Counsel and Secretary
Chair
Michael Gorzynski — Chair of the Board

Historically, medium-priority insider buys have outperformed the S&P 500 by a median ~1% over the 30 days after the trade — the edge is concentrated in that first month (n ≈ 7,162, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-16
medium
10,000 shares
$2,007,296
@ $200.73
Significance 5

AMR Director Kenneth S. Courtis purchased 10,000 shares for $2,007,295.68 on 2026-06-12 amid -28.0% revenue decline and unprofitability.

Kenneth S. Courtis executed 2 separate purchases totaling 10,000 shares at blended average price $200.73, increasing his holdings from 975.4K to 985.4K shares. The company faces material headwinds: revenue contracted -28.0% year-over-year, net income was negative at $-11,032,000.00, and the current stock price of $187.80 stands 26.0% below the 52-week high of $253.82. At the same-ticker level, Courtis's 5 prior purchases at AMR (all executed 2026-05-12) showed mixed near-term performance, with 30-day returns ranging from -1.6% to +3.3%, providing limited conviction signal on his price-timing accuracy at this specific company. The transaction occurred against a backdrop of deteriorating fundamentals and a depressed valuation relative to recent highs, but the timing pattern of same-ticker trades and the company's unprofitable status complicate any clear read on insider motivation.

2026-06-04
high
President & COO
3,901 shares
$828,086
@ $212.28
Significance 6

President & COO Whitehead sold 3,901 shares ($828.1K) at $212.28 avg; stock +14.2% in 30d but -15.2% from 52-week high; company unprofitable.

Jason E. Whitehead, President & COO of Alpha Metallurgical Resources, filed 3 separate sales totaling 3,901 shares for $828,085.86 on 2026-06-03, reducing his holdings by 27.2% from 14,351 to 10,450 shares. The transaction occurred at blended average price $212.28, below current price of $215.21 but during a period of sharp recent gains (30-day change +14.2%). Fundamental context shows the company is unprofitable with net income of $-11,032,000.00 and annual revenue decline of -28.0%, which frames this high-volume reduction against deteriorating business performance. His same-ticker history over 5 prior trades shows 0 of 2 measurable prior sales were well-timed at the 90-day mark, and cross-ticker track record shows 0.00% 90-day well-timed rate across 20 prior sells, suggesting a pattern of below-average sell execution timing. The substantial reduction in stake merits scrutiny given the combination of poor fundamentals, recent momentum masking structural decline, and a timing pattern that has not captured major downside moves.

May 2026
2026-05-15
medium
15,000 shares
$2,838,325
@ $189.22
Significance 4

Director Kenneth S. Courtis purchases 15,000 shares across 9 transactions for $2,838,325.25 at AMR on 2026-05-12

Director Courtis executed 9 separate purchases totaling 15,000 shares for $2,838,325.25 on 2026-05-12, with a blended average price of $189.22—significantly above the current price of $179.69, reflecting a -29.2% decline from the 52-week high. His post-transaction holdings increased to 975,394 shares (+1.6% vs pre-transaction). However, his prior trades at AMR show a 0 of 5 well-timed pattern at the 90-day mark, with prior buys generating average 90-day returns between -6.2% and +2.7%, indicating a historical lack of accurate timing at this ticker. The company's fundamentals are concerning: it is unprofitable with net income of $-11,032,000.00 and annual revenue declining by -28.0%, though quarterly revenue stands at $524,987,000.00. The purchase represents a substantial commitment of capital to an unprofitable company in revenue decline, occurring after recent price weakness.

March 2026
2026-03-20
high
8,000 shares
$1,528,550
@ $191.07
Significance 6

Director Kenneth S. Courtis buys 8,000 shares at Alpha Metallurgical for $1.5M (avg $191.07) on 2026-03-12

Kenneth S. Courtis (Director) executed 7 separate purchases totaling 8,000 shares for $1,528,549.52 on 2026-03-12, with a blended average price of $191.07. The transaction occurred when the stock was trading at $193.69 (current price), having fallen -22.4% from its 52-week high of $249.65 but risen +7.1% over the prior 30 days. Notably, this purchase follows immediately on consecutive buys by Courtis on 2026-03-11 and 2026-03-10 at the same ticker—his prior 5 trades at AMR remain too recent to measure outcomes. His cross-ticker track record shows 20 prior buys with an average 30-day return of +34.7% and 75% 90-day win rate, though fundamentals are concerning: the company posted a net loss of $-5,515,000.00 and annual revenue declined -28.0% year-over-year. The sustained purchasing pattern and escalating position (874.5K shares post-transaction, +0.9% from prior holdings of 866.5K) warrant attention given the deteriorating financial backdrop.

2026-03-13
medium
10,000 shares
$1,868,707
@ $186.87
Significance 6

Director Kenneth S. Courtis buys 10,000 shares at avg $186.87 for $1.9M at AMR amid -28% annual revenue decline and recent unprofitability

Kenneth S. Courtis, a Director at Alpha Metallurgical Resources, purchased 10,000 shares across 4 separate transactions on 2026-03-11 at blended average price $186.87, investing $1,868,707.10 and raising his holdings to 866,537 shares. The timing merits scrutiny: the company's fundamentals show annual revenue declined -28% most recently, net income was negative at -$5,515,000.00, and the stock trades -24.8% below its 52-week high of $249.65. Courtis's cross-ticker track record shows 20 prior open-market buys averaging +33.5% 30-day returns, suggesting selective timing acumen, though his same-ticker history at AMR (5 prior trades) offers no yet-measurable outcomes to confirm local-ticker accuracy. The purchase occurs at a discount to recent highs but amid operational headwinds that warrant monitoring.

2026-03-12
high
15,000 shares
$2,727,673
@ $181.84
Significance 6

Director Courtis Kenneth S. bought 15,000 shares at $181.84 blended average, now holds 856.5K shares; company unprofitable with -28.0% annual revenue decline.

Kenneth S. Courtis, a Director, executed 5 separate purchases totaling 15,000 shares on 2026-03-10 for $2,727,673.02 at a blended average price of $181.84, increasing his holdings to 856,537 shares. The transaction occurs while Alpha Metallurgical Resources faces material headwinds: the company reported net income of $-5,515,000.00 (negative) over its most recent full fiscal year, and annual revenue declined -28.0% year-over-year despite latest-quarter revenue of $526,778,000.00. The current stock price of $189.48 is -24.1% below its 52-week high of $249.65, placing the transaction in a period of meaningful pullback. This open-market purchase by a director—amounting to a +1.8% increase in holdings—enters the market while the company faces profitability and growth headwinds, warranting examination of whether the director views the valuation or operational trajectory differently than current market pricing.

2026-03-11
high
25,000 shares
$4,405,651
@ $176.23
Significance 6

Director Courtis Kenneth S. bought 25.0K shares for $4.4M (blended avg $176.23) on 2026-03-09 at AMR

Courtis Kenneth S., a Director at Alpha Metallurgical Resources, executed 7 separate purchases totaling 25,000 shares for $4,405,650.75 on March 9, 2026, raising his holdings from 816.5K to 841.5K shares (+3.1%). The purchases span prices from $174.60 to $180.20, with a blended average of $176.23. At the current price of $187.55, the position is up modestly, though the stock is down 24.9% from its 52-week high of $249.65. The company is unprofitable (net income of -$5.5M over the latest full fiscal year) and facing revenue headwinds (annual revenue decline of -28.0% year-over-year), creating a context of operational distress. This is the third buy in four calendar days at this ticker (following transactions on 2026-03-10 and 2026-03-11), suggesting persistent accumulation despite deteriorating fundamentals and significant recent price decline.

December 2025
2025-12-17
medium
9,000 shares
$1,693,441
@ $188.16
Significance 6

Director Courtis Kenneth S. bought 9,000 shares of AMR across 11 transactions on 2025-12-15 for $1,693,441.21 (blended avg $188.16)

Courtis Kenneth S., a Director at Alpha Metallurgical Resources, executed 11 separate purchases totaling 9,000 shares on 2025-12-15 for $1,693,441.21, raising his post-transaction holdings to 816,537 shares (+1.1% vs pre-transaction). The blended average purchase price was $188.16, which sits 5.2% below the current price of $198.25 and 18.8% below the 52-week high of $231.60. The company is currently unprofitable (net income of $-5.5M in the latest quarter) with annual revenue declining 14.8% year-over-year, though the stock has rallied 24.3% over the past 30 days and 20.6% over 90 days. His cross-ticker track record shows a 100% win rate on the 90-day horizon across 20 prior buys (average 90-day return +17.9%), though his 5 prior purchases at AMR on 2025-12-11 lack measurable outcomes; this 2025-12-15 transaction extends his recent buying pattern at this ticker and represents a substantial dollar commitment ($1.7M) against a $2.5B market cap.

2025-12-17
high
38,576 shares
$7,271,494
@ $188.50
Significance 7

Director Michael Gorzynski buys 38,576 shares (38.6K) for $7,271,494.35 at AMR on 2025-12-15

Director Michael Gorzynski executed 3 separate purchases totaling 38,576 shares for $7,271,494.35 at blended average price $188.50 on December 15, 2025, increasing his holdings by 6.4% to 644,025 shares. The filing occurs as the stock trades at $198.25 (current price), up 24.3% over 30 days and up 20.6% over 90 days, but still 14.4% below its 52-week high of $231.60. Gorzynski's prior 5 trades at AMR (all on 2024-03-15) exhibited a consistent pattern of positive 90-day outcomes (+2.2%, +1.7%, +1.4%, +0.8%, +0.6%), with 100% showing measurable gains within the 90-day window. The current buy follows a material rally in the stock and occurs against a backdrop of fundamentals showing annual revenue decline of 14.8%, negative net income of $-5,515,000.00 in the latest quarter, and a P/E of 13.76. The scale of this transaction ($7.3M for a single insider in a single filing) represents a substantial deployment of capital at a notably elevated price relative to the insider's average prior entry points at this ticker.

2025-12-15
high
Chief Commercial Officer
8,125 shares
$1,530,118
@ $188.32
Significance 6

CCO Daniel E. Horn sells 8,125 shares for $1,530,117.95 at Alpha Metallurgical; 62% reduction in holdings on 2025-12-11.

Daniel E. Horn, Chief Commercial Officer at Alpha Metallurgical Resources, executed 5 separate sales totaling 8,125 shares for $1,530,117.95, reducing his holdings from 13,114 shares to 4,989 shares (a -62.0% reduction). The blended average transaction price was $188.32, executed on a single day (2025-12-11) when the stock currently trades at $191.50. This substantial reduction in CEO-level equity exposure warrants investor attention given the company's recent operational headwinds: net income of -$5,515,000 in the latest quarter and annual revenue decline of -14.8% year-over-year. While the stock has recovered 20.8% over the past 30 days from a difficult stretch, the magnitude of this insider liquidation represents a meaningful shift in Horn's equity stake during a period of negative earnings and declining revenue.

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