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: Atkins Randall Whittaker (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-31	Class A common stock	M	48235	—	Acquired	626835	Direct
2024-01-31	Class A common stock	F	17847	$19.11	Disposed	608988	Direct
2024-01-31	Class B common stock	M	9647	—	Acquired	126580	Direct
2024-01-31	Class B common stock	F	3569	$12.82	Disposed	123011	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-31	Restricted Stock Units	$0	M	48235	Disposed		Class A common stock (48235)	Direct
2024-01-31	Restricted Stock Units	$0	M	9647	Disposed		Class B common stock (9647)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A common stock	5000	Indirect
Class A common stock	2178702	Indirect
Class B common stock	1000	Indirect
Class B common stock	435740	Indirect

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 by the Issuer.

F4: This transaction involved a gift of securities by the reporting person to his daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

F5: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F6: This consists of 30,865 restricted stock units remaining from the Company's February 16, 2022 grant and 96,469 restricted stock units remaining from the Company's February 20, 2023 grant.

F7: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

F8: This consists of 6,173 restricted stock units remaining under the Company's February 16, 2022 grant and 19,293 restricted stock units remaining under the Company's February 20, 2023 grant.