American Resources Corp — Director's Dealing 2021

Apr 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: American Resources Corp (AREC)
CIK: 0001590715
Period of Report: 2021-04-28

Reporting Person: Sauve Thomas M. (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-28	Class A Common Stock	M	58127	$1.05	Acquired	4394137	Direct
2021-04-28	Class A Common Stock	M	9401	$1.05	Acquired	10287	Indirect
2021-04-28	Class A Common Stock	M	886	$1.5	Acquired	10287	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-28	Convertible Debt	$1.05	C		Disposed		Class A Common Stock (58127)	Direct
2021-04-28	Convertible Debt	$1.05	C		Disposed		Class A Common Stock (9401)	Indirect
2021-04-28	Warrant	$1.5	X	886	Disposed	2022-06-01	Class A Common Stock (886)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	49701	Indirect

Footnotes

F1: Represents conversion of convertible debt held by Reporting Person.

F2: Represents conversion of convertible debt held indirectly by Reporting Person.

F3: Represents exercise of warrants held indirectly by Reporting Person.

F4: Reporting Person converted all of its Convertible Debt and accrued interest held in Issuer.

F5: Represents conversion of convertible debt and accrued interest held by Reporting Person.

F6: Convertible debt convertible into Class A Common Shares of American Resources Corporation at $1.05 per share at discretion of holder. Convertible debt matures on 04/14/2022.

F7: Entity for which Reporting Person is a beneficial owner converted all of its Convertible Debt and accrued interest held in Issuer.

F8: Represents conversion of convertible debt and accrued interest held indirectly by Reporting Person.

F9: Convertible debt convertible into Class A Common Shares of American Resources Corporation at $1.05 per share at discretion of holder. Convertible debt matures earliest on 06/01/2022.

F10: Entity for which Reporting Person is a beneficial owner exercised all of its Warrants held in Issuer.

F11: Warrant exercisable into Class A Common Stock of American Resources Corporation at an exercise price of $1.50 per share any time up until the expiration date at discretion of the holder.