Ramaco Resources, Inc. — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-11-13

Reporting Person: LAWRENCE BRYAN H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-13	Class A Common Stock, par value $0.01 per share	S	15703	$18.3172	Disposed	5593737	Indirect
2023-11-13	Class B Common Stock, par value $0.01 per share	S	977	$16.1114	Disposed	1120911	Indirect
2023-11-13	Class A Common Stock, par value $0.01 per share	S	10338	$18.3172	Disposed	3682543	Indirect
2023-11-13	Class B Common Stock, par value $0.01 per share	S	644	$16.1114	Disposed	737932	Indirect
2023-11-13	Class A Common Stock, par value $0.01 per share	S	15640	$18.3172	Disposed	5571488	Indirect
2023-11-13	Class B Common Stock, par value $0.01 per share	S	974	$16.1114	Disposed	1116451	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	56077	$18.2822	Disposed	5537660	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	44337	$19.5814	Disposed	5493323	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	575	$15.8269	Disposed	1120336	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	1057	$17.5151	Disposed	1119279	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	36917	$18.2822	Disposed	3645626	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	29188	$19.5814	Disposed	3616438	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	378	$15.8269	Disposed	737554	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	697	$17.5151	Disposed	736857	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	55854	$18.2822	Disposed	5515634	Indirect
2023-11-14	Class A Common Stock, par value $0.01 per share	S	44160	$19.5814	Disposed	5471474	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	572	$15.8269	Disposed	1115879	Indirect
2023-11-14	Class B Common Stock, par value $0.01 per share	S	1053	$17.5151	Disposed	1114826	Indirect
2023-11-15	Class A Common Stock, par value $0.01 per share	S	109490	$18.0544	Disposed	5383833	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	9720	$14.1278	Disposed	1109559	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	75	$15.01	Disposed	1109484	Indirect
2023-11-15	Class A Common Stock, par value $0.01 per share	S	72080	$18.0544	Disposed	3544358	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	6399	$14.1278	Disposed	730458	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	50	$15.01	Disposed	730408	Indirect
2023-11-15	Class A Common Stock, par value $0.01 per share	S	109053	$18.0544	Disposed	5362421	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	9681	$14.1278	Disposed	1105145	Indirect
2023-11-15	Class B Common Stock, par value $0.01 per share	S	75	$15.01	Disposed	1105070	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.01 per share	119536	Direct
Class B Common Stock, par value $0.01 per share	23907	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 $18.25 to $18.56, 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 $16.02 to $16.38, inclusive.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.15 to $18.89, inclusive.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.15 to $19.93, inclusive.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.45 to $16.21, inclusive.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.30 to $17.72, 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 $18.41, inclusive.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.85, inclusive.

F10: On June 21, 2023, the Issuer issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B Common Stock, $0.01 par value ("Class B Common Stock"), per share of existing common stock held by each holder as of May 12, 2023, the record date of the Distribution. As a result, 1,121,888 shares of Class B Common Stock were issued to Yorktown Energy Partners IX, L.P. ("Yorktown IX"); 738,576 shares of Class B Common Stock were issued to Yorktown Energy Partners X, L.P. ("Yorktown X"); 1,117,425 shares of Class B Common Stock were issued to Yorktown Energy Partners XI, L.P. ("Yorktown XI"); and 23,907 shares of Class B Common Stock were issued to the reporting person.

F11: These securities are owned directly by 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.

F12: These securities are owned directly by 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.

F13: These securities are owned directly by 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.