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: Yorktown Energy Partners XI, L.P. (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	15640	$18.3172	Disposed	5571488	Direct
2023-11-13	Class B Common Stock, par value $0.01 per share	S	974	$16.1114	Disposed	1116451	Direct
2023-11-14	Class A Common Stock, par value $0.01 per share	S	55854	$18.2822	Disposed	5515634	Direct
2023-11-14	Class A Common Stock, par value $0.01 per share	S	44160	$19.5814	Disposed	5471474	Direct
2023-11-14	Class B Common Stock, par value $0.01 per share	S	572	$15.8269	Disposed	1115879	Direct
2023-11-14	Class B Common Stock, par value $0.01 per share	S	1053	$17.5151	Disposed	1114826	Direct
2023-11-15	Class A Common Stock, par value $0.01 per share	S	109053	$18.0544	Disposed	5362421	Direct
2023-11-15	Class B Common Stock, par value $0.01 per share	S	9681	$14.1278	Disposed	1105145	Direct
2023-11-15	Class B Common Stock, par value $0.01 per share	S	75	$15.01	Disposed	1105070	Direct

Footnotes

F1: 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 (1), (2) (3), (4), (5), (6), (7) and (8).

F2: 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.

F3: 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.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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, 1,117,425 shares of Class B Common Stock were issued to Yorktown Energy Partners XI, L.P.