Ramaco Resources, Inc. — Director's Dealing 2023

Nov 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-11-16

Reporting Person: Yorktown XI Associates LLC (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-16	Class A Common Stock, par value $0.01 per share	S	128486	$16.5913	Disposed	5233935	Indirect
2023-11-16	Class A Common Stock, par value $0.01 per share	S	16035	$17.2009	Disposed	5217900	Indirect
2023-11-16	Class A Common Stock, par value $0.01 per share	S	5575	$18.1233	Disposed	5212325	Indirect
2023-11-16	Class B Common Stock, par value $0.01 per share	S	4072	$13.6575	Disposed	1100998	Indirect
2023-11-16	Class B Common Stock, par value $0.01 per share	S	713	$14.8851	Disposed	1100285	Indirect
2023-11-17	Class A Common Stock, par value $0.01 per share	S	81168	$16.4678	Disposed	5131157	Indirect
2023-11-17	Class A Common Stock, par value $0.01 per share	S	2650	$17.1352	Disposed	5128507	Indirect
2023-11-17	Class B Common Stock, par value $0.01 per share	S	9756	$13.9376	Disposed	1090529	Indirect
2023-11-20	Class A Common Stock, par value $0.01 per share	S	16886	$16.467	Disposed	5111621	Indirect
2023-11-20	Class B Common Stock, par value $0.01 per share	S	75	$14.265	Disposed	1090454	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities except to the extent of its 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 $16.01 to $16.99, 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), (9), (10) and (11).

F3: 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 $17.98, inclusive.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.31, inclusive.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.50 to $14.39, inclusive.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.50 to $15.22, inclusive.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.05 to $17.04, inclusive.

F8: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.21, inclusive.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.51 to $14.30, inclusive.

F10: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.40 to $16.76, inclusive.

F11: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.26 to $14.27, inclusive.

F12: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.