Ramaco Resources, Inc. — Director's Dealing 2023

Dec 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-12-11

Reporting Person: LEIDEL PETER A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-11	Class A Common Stock, par value $0.01 per share	S	21749	$16.4183	Disposed	4861309	Indirect
2023-12-11	Class A Common Stock, par value $0.01 per share	S	14322	$16.4183	Disposed	3200363	Indirect
2023-12-11	Class A Common Stock, par value $0.01 per share	S	21667	$16.4183	Disposed	4841974	Indirect
2023-12-12	Class A Common Stock, par value $0.01 per share	S	6322	$15.7519	Disposed	4854987	Indirect
2023-12-12	Class B Common Stock, par value $0.01 per share	S	1130	$12.7653	Disposed	1086233	Indirect
2023-12-12	Class A Common Stock, par value $0.01 per share	S	4164	$15.7519	Disposed	3196199	Indirect
2023-12-12	Class B Common Stock, par value $0.01 per share	S	744	$12.7653	Disposed	715100	Indirect
2023-12-12	Class A Common Stock, par value $0.01 per share	S	6298	$15.7519	Disposed	4835676	Indirect
2023-12-12	Class B Common Stock, par value $0.01 per share	S	1126	$12.7653	Disposed	1081908	Indirect
2023-12-13	Class B Common Stock, par value $0.01 per share	S	2901	$12.343	Disposed	1083332	Indirect
2023-12-13	Class B Common Stock, par value $0.01 per share	S	1907	$12.343	Disposed	713193	Indirect
2023-12-13	Class B Common Stock, par value $0.01 per share	S	2886	$12.343	Disposed	1079022	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.01 per share	75830	Direct
Class B Common Stock, par value $0.01 per share	8166	Direct

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.20 to $16.87, inclusive. The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2), (3), (4) and (5).

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.54 to $16.05, inclusive.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.60 to $13.05, inclusive.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.98, inclusive.

F6: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.

F7: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

F8: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.