Ramaco Resources, Inc. — Director's Dealing 2023

Dec 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-12-15

Reporting Person: Marcum John Cecil (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-15	Class A common stock	M	4321	—	Acquired	132979	Direct
2023-12-15	Class A common stock	F	1894	$14.93	Disposed	131085	Direct
2023-12-15	Class B common stock	M	864	—	Acquired	26705	Direct
2023-12-15	Class B common stock	F	379	$11.68	Disposed	26326	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-15	Restricted Stock Units	$0	M	4321	Disposed		Class A common stock (4321)	Direct
2023-12-15	Restricted Stock Units	$0	M	864	Disposed		Class B common stock (864)	Direct

Footnotes

F1: The second installment of restricted stock units granted on February 16, 2022 under the Company's Long Term Incentive Plan vested on December 15, 2023.

F2: Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on December 14, 2023. Such shares were acquired as treasury stock by the issuer.

F3: Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on December 14, 2023. Such shares were acquired as treasury stock by the issuer.

F4: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F5: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.