Ramaco Resources, Inc. — Director's Dealing 2023

Dec 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-12-06

Reporting Person: LEIDEL PETER A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-06	Class A Common Stock, par value $0.01 per share	S	33036	$17.9179	Disposed	4931583	Indirect
2023-12-06	Class A Common Stock, par value $0.01 per share	S	1903	$18.4539	Disposed	4929680	Indirect
2023-12-06	Class B Common Stock, par value $0.01 per share	S	367	$16.1394	Disposed	1089623	Indirect
2023-12-06	Class A Common Stock, par value $0.01 per share	S	21748	$17.9179	Disposed	3246630	Indirect
2023-12-06	Class A Common Stock, par value $0.01 per share	S	1253	$18.4539	Disposed	3245377	Indirect
2023-12-06	Class B Common Stock, par value $0.01 per share	S	242	$16.1394	Disposed	717332	Indirect
2023-12-06	Class A Common Stock, par value $0.01 per share	S	32905	$17.9179	Disposed	4911972	Indirect
2023-12-06	Class A Common Stock, par value $0.01 per share	S	1895	$18.4539	Disposed	4910077	Indirect
2023-12-06	Class B Common Stock, par value $0.01 per share	S	366	$16.1394	Disposed	1085286	Indirect
2023-12-07	Class A Common Stock, par value $0.01 per share	S	23311	$17.3147	Disposed	4906369	Indirect
2023-12-07	Class B Common Stock, par value $0.01 per share	S	1130	$15.0799	Disposed	1088493	Indirect
2023-12-07	Class A Common Stock, par value $0.01 per share	S	15346	$17.3147	Disposed	3230031	Indirect
2023-12-07	Class B Common Stock, par value $0.01 per share	S	744	$15.0799	Disposed	716588	Indirect
2023-12-07	Class A Common Stock, par value $0.01 per share	S	23218	$17.3147	Disposed	4886859	Indirect
2023-12-07	Class B Common Stock, par value $0.01 per share	S	1126	$15.0799	Disposed	1084160	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	21190	$17.162	Disposed	4885179	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	2121	$17.7785	Disposed	4883058	Indirect
2023-12-08	Class B Common Stock, par value $0.01 per share	S	1130	$15.1367	Disposed	1087363	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	13949	$17.162	Disposed	3216082	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	1397	$17.7785	Disposed	3214685	Indirect
2023-12-08	Class B Common Stock, par value $0.01 per share	S	744	$15.1367	Disposed	715844	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	21105	$17.162	Disposed	4865754	Indirect
2023-12-08	Class A Common Stock, par value $0.01 per share	S	2113	$17.7785	Disposed	4863641	Indirect
2023-12-08	Class B Common Stock, par value $0.01 per share	S	1126	$15.1367	Disposed	1083034	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 $17.40 to $18.39, 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), (5), (6), (7), (8) and (9).

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.39 to $18.55, inclusive.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.26, inclusive.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.00 to $17.66, inclusive.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.93 to $15.42, inclusive.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.75 to $17.74, inclusive.

F8: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.75 to $17.83, inclusive.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.32, inclusive.

F10: 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.

F11: 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.

F12: 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.