Alpha Metallurgical Resources, Inc. (AMR) has another insider putting real money on the table. A Form 4 filing shows Michael Gorzynski, who serves as a Director and is also listed as a 10%+ Owner of the coal producer, purchased 10,000 shares on the open market on August 21, 2026.
The trade was executed at $208.92 per share, for a total outlay of $2,089,169.00. This was a straightforward open-market buy, meaning Gorzynski used his own funds to acquire the stock at the prevailing market price rather than receiving shares through options, grants, or other compensation-related mechanisms.
Following the purchase, Gorzynski’s stake stands at 654,025 shares, which are held indirectly, according to the filing. Indirect ownership typically means the shares are held through a trust, holding company, or similar entity rather than in the insider’s own name, though the filing does not specify further details beyond that classification.
Part of a Broader Pattern at AMR
This purchase comes just one day after another AMR director made headlines for buying into the company. As covered in AMR Director Kenneth Courtis Joins $2.9M Insider Buying Spree, multiple insiders have been adding to their positions in close succession. Two separate directors making significant open-market purchases within a day of each other is the kind of clustering that tends to draw attention from anyone tracking insider activity at a given company.
Academic research on insider trading disclosures has found that clusters of buying among multiple insiders at the same company, particularly when the purchases are made with personal funds rather than acquired through equity compensation, have historically correlated with periods of relative outperformance. That said, this is a pattern observed across large datasets over time, not a claim about what happens next at any single company, and this filing should be read as a disclosure of what occurred, not a forecast.
Alpha Metallurgical Resources operates in the metallurgical coal space, a sector whose fortunes are closely tied to steel production and global industrial demand. Insider purchases in cyclical, commodity-linked businesses like this one can reflect a range of motivations, from confidence in near-term pricing to longer-term views on the company’s asset base, and the filing itself does not disclose the reasoning behind Gorzynski’s decision.
Investors and observers tracking AMR now have two data points within a short window: Courtis’s $2.9 million move and Gorzynski’s $2.09 million purchase, both filed with the SEC as part of the routine disclosure process required of company insiders and major shareholders.
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Source: original SEC Form 4 filing.