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: Atkins Randall Whittaker (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-15	Class A common stock	M	30864	—	Acquired	590745	Direct
2023-12-15	Class A common stock	F	12145	$14.93	Disposed	578600	Direct
2023-12-15	Class B common stock	M	6172	—	Acquired	119362	Direct
2023-12-15	Class B common stock	F	2429	$11.68	Disposed	116933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-15	Restricted Stock Units	$	M	30864	Disposed		Class A common stock (30864)	Direct
2023-12-15	Restricted Stock Units	$0	M	6172	Disposed		Class B common stock (6172)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A common stock	5000	Indirect
Class A common stock	2178702	Indirect
Class B common stock	1000	Indirect
Class B common stock	435740	Indirect

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: This transaction involved a gift of securities by the reporting person to his daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

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

F6: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.