Ramaco Resources, Inc. — Director's Dealing 2024

Dec 17, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2024-12-15

Reporting Person: Sussman Jeremy R. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-15	Class A common stock	M	14444	—	Acquired	311145	Direct
2024-12-15	Class A common stock	F	6261	$12.02	Disposed	304884	Direct
2024-12-15	Class B common stock	M	2889	—	Acquired	68314	Direct
2024-12-15	Class B common stock	F	1252	$10.50	Disposed	67062	Direct
2024-12-15	Class B common stock	M	267	—	Acquired	67329	Direct
2024-12-15	Class B common stock	F	115	$10.32	Disposed	67214	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-15	Restricted Stock Units	$0	M	14444	Disposed		Class A common stock (14444)	Direct
2024-12-15	Restricted Stock Units	$0	M	2889	Disposed		Class B common stock (2889)	Direct
2024-12-15	Dividend Equivalent Units	$	M	267	Disposed		Class B common stock (267)	Direct

Footnotes

F1: The third and final installment of restricted stock units granted on February 16, 2022 under the Ramaco Resources Inc.'s (the "Company") Long Term Incentive Plan vested on December 15, 2024.

F2: Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on December 13, 2024.

F3: On November 20, 2024, the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock, both payable in shares of the Issuer's Class B common stock on December 16, 2024 (the "December Dividend"), to shareholders of record as of the close of Nasdaq on December 2, 2024, with the amount of Class B shares to be issued per share for each respective class of stock determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($9.96). As a result, the reporting person received 5,517 shares of Company's Class B common stock as of December 16, 2024.

F4: Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on December 13, 2024.

F5: Class B common stock paid in settlement of dividend equivalent units underlying (A) restricted stock units in respect of Class A common stock and (B) restricted stock units in respect of Class B common stock. See footnotes 3 and 7 for further detail.

F6: Shares surrendered to satisfy tax withholding obligations on Class B common stock delivered in settlement of dividend equivalent units on restricted stock units in respect of Class A common stock and Class B common stock. The number of shares was based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (December 16, 2024).

F7: As a result of the December Dividend, the reporting person received 267 shares of Company's Class B common stock as of December 16, 2024 in respect of the stock dividends following settlement of the restricted stock units, of which 115 were used to satisfy tax withholding obligations.

F8: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F9: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

F10: Dividend equivalent units underlying both tranches of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 3 and 7 for further detail.