Ramaco Resources, Inc. — Director's Dealing 2024

Feb 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2024-01-31

Reporting Person: Horn Paul Bryan Jr. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-31	Class A common stock	M	7990	—	Acquired	31008	Direct
2024-01-31	Class A common stock	F	2551	$19.11	Disposed	28457	Direct
2024-01-31	Class B common stock	M	1598	—	Acquired	6201	Direct
2024-01-31	Class B common stock	F	510	$12.82	Disposed	5691	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-31	Restricted Stock Units	$0	M	7990	Disposed		Class A common stock (7990)	Direct
2024-01-31	Restricted Stock Units	$0	M	1598	Disposed		Class B common stock (1598)	Direct

Footnotes

F1: The first installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 31, 2024.

F2: Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on January 30, 2024. Such shares were acquired as treasury stock by the issuer.

F3: Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on January 30, 2024. Such shares were acquired as treasury stock.

F4: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F5: This consists of 15,980 restricted stock units remaining under the Company's February 20, 2023 grant.

F6: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

F7: This consists of 3,196 restricted stock units remaining under the Company's February 20, 2023 grant.