ANTERO RESOURCES Corp — Director's Dealing 2025

Apr 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANTERO RESOURCES Corp (AR)
CIK: 0001433270
Period of Report: 2025-04-15

Reporting Person: Schultz Yvette K (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-15	Common stock, par value $0.01 per share	M	12640	—	Acquired	325847	Direct
2025-04-15	Common stock, par value $0.01 per share	M	12210	—	Acquired	338057	Direct
2025-04-15	Common stock, par value $0.01 per share	F	8083	$33.10	Disposed	329974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-15	Performance Share Unit	$	M	12640	Disposed		Common stock, par value $0.01 per share (12640)	Direct
2025-04-15	Performance Share Unit	$	M	12210	Disposed		Common stock, par value $0.01 per share (12210)	Direct

Footnotes

F1: In connection with the completion of the second performance period, which ran from March 7, 2024 through March 7, 2025, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on March 7, 2023 that vest based on the Issuer's absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until March 7, 2026.

F2: Includes 119,180 shares of Common Stock subject to restricted stock units ("RSU") awards and 101,497 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting.

F3: In connection with the completion of the first performance period, which ran from March 7, 2024 through March 7, 2025, the Compensation Committee certified the Issuer's absolute TSR at the maximum level, resulting in 25% of the PSUs originally granted on March 7, 2024 that vest based on the Issuer's absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until March 7, 2027.

F4: Includes 119,180 shares of Common Stock subject to RSU awards and 113,707 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting.

F5: In connection with the vesting and settlement of RSUs through the issuance of common stock ("Common Stock") of the Issuer pursuant to the Antero Resources Corporation Amended and Restated 2020 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 15, 2025.

F6: Includes 100,804 shares of Common Stock subject to RSU awards and 113,707 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting.