As of September 29, 2026, the three largest insider holders of AREC are Properties Ltd. Golden (TenPercentOwner, 14.32Mn shares), Mark C. Jensen (Chief Executive Officer, 5.20Mn shares), Mark C. Jensen (Chief Executive Officer, 5.20Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Properties Ltd. Golden | TenPercentOwner | 14,320,711 | 0 | 14,320,711 | 46.3% | 08 Feb, 2023 |
| 2 | Mark C. Jensen | Chief Executive Officer | 5,199,896 | 5,199,896 | 10,399,792 | 33.6% | 16 Aug, 2023 |
| 3 | Thomas M. Sauve | President | 0 | 4,429,501 | 4,429,501 | 14.3% | 16 Aug, 2023 |
| 4 | Kirk Patrick Taylor | Chief Financial Officer | 1,624,883 | 0 | 1,624,883 | 5.3% | 16 Jun, 2023 |
| 5 | Michael G. Layman | Director | 0 | 168,782 | 168,782 | 0.5% | 17 Dec, 2021 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 15 Aug, 2023 | Mark C. Jensen | Chief Executive Officer | Disposed G | 5,199,896 | $0.00 | $0 | 0 | Direct |
| 15 Aug, 2023 | Thomas M. Sauve | President | Disposed G | 4,429,501 | $0.00 | $0 | 0 | Direct |
| 15 Aug, 2023 | Thomas M. Sauve | President | Acquired G | 4,429,501 | $0.00 | $0 | 4,429,501 | Indirect |
| 15 Aug, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired G | 5,199,896 | $0.00 | $0 | 5,199,896 | Indirect |
| 15 Jun, 2023 | Kirk Patrick Taylor | Chief Financial Officer | Acquired P | 1,250 | $1.74 | $2.18K | 1,624,883 | Direct |
| 23 May, 2023 | Kirk Patrick Taylor | Chief Financial Officer | Acquired P | 1,250 | $1.57 | $1.96K | 1,623,633 | Direct |
| 10 May, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.55 | $7.75K | 5,199,896 | Direct |
| 11 Apr, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.25 | $6.25K | 5,194,896 | Direct |
| 16 Mar, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.38 | $6.88K | 5,189,896 | Direct |
| 13 Feb, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.54 | $7.72K | 5,184,896 | Direct |
| 06 Feb, 2023 | Properties Ltd. Golden | TenPercentOwner | Disposed S | 5,000 | $1.63 | $8.15K | 14,380,711 | Direct |
| 07 Feb, 2023 | Properties Ltd. Golden | TenPercentOwner | Disposed S | 30,000 | $1.60 | $48.00K | 14,320,711 | Direct |
| 07 Feb, 2023 | Properties Ltd. Golden | TenPercentOwner | Disposed S | 30,000 | $1.72 | $51.60K | 14,350,711 | Direct |
| 06 Feb, 2023 | Properties Ltd. Golden | TenPercentOwner | Disposed S | 5,000 | $1.63 | $8.15K | 14,380,711 | Direct |
| 07 Feb, 2023 | Properties Ltd. Golden | TenPercentOwner | Acquired S | 30,000 | $1.72 | $51.60K | 14,350,711 | Direct |
| 10 Jan, 2023 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.39 | $6.97K | 5,179,896 | Direct |
| 23 May, 2022 | Kirk Patrick Taylor | Chief Financial Officer | Acquired P | 1,000 | $1.63 | $1.63K | 1,622,383 | Direct |
| 18 May, 2022 | Thomas M. Sauve | President | Acquired P | 5,000 | $1.50 | $7.50K | 4,429,501 | Direct |
| 18 May, 2022 | Mark C. Jensen | Chief Executive Officer | Acquired P | 5,000 | $1.50 | $7.49K | 5,174,896 | Direct |
| 18 Apr, 2022 | Kirk Patrick Taylor | Chief Financial Officer | Acquired P | 1,000 | $2.27 | $2.27K | 1,621,383 | Direct |