ANTERO RESOURCES Corp — Director's Dealing 2022

Apr 21, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANTERO RESOURCES Corp (AR)
CIK: 0001433270
Period of Report: 2022-04-20

Reporting Person: RADY PAUL M (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-20	Common stock, par value $0.01 per share	M	1024448	—	Acquired	11358029	Direct
2022-04-20	Common stock, par value $0.01 per share	F	450553	$36.39	Disposed	10907476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-20	Performance Share Units	$	M	1024448	Disposed		Common stock, par value $0.01 per share (1024448)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, par value $0.01 per share	5284264	Indirect

Footnotes

F1: Each performance share unit ("PSU") represented a contingent right to receive one share of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer"). On April 20, 2022, the Compensation Committee of the Issuer certified performance with respect to these PSUs originally granted on April 15, 2019, which vested at 200% of the original target number of PSUs granted based on the Issuer's absolute total shareholder return over a three-year period.

F2: Includes 479,395 shares of Common Stock subject to previously granted RSUs that remain subject to vesting and 125,624 shares of Common Stock subject to previously granted performance stock unit awards ("PSU") that remain subject to vesting.

F3: In connection with the vesting and settlement of PSUs through the issuance of Common Stock pursuant to the Antero Resources Corporation Long-Term Incentive Plan, the Issuer withheld Common Stock that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations. The number of shares of Common Stock withheld was determined based on the closing price per share of Common Stock on April 20, 2022.

F4: Includes 2,822,552 shares of Common Stock held by Salisbury Investment Holdings LLC ("Salisbury") and 2,461,712 shares of Common Stock held by Mockingbird Investments LLC ("Mockingbird"). The Reporting Person owns a 95% limited liability company interest in Salisbury and his spouse owns the remaining 5%. The Reporting Person owns a 13.1874% limited liability company interest in Mockingbird and two trusts under his control own the remaining 86.8126%. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by Salisbury and Mockingbird except to the extent of his pecuniary interest therein.