Ramaco Resources, Inc. — Director's Dealing 2025

Mar 28, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2025-03-25

Reporting Person: Yorktown XI Associates LLC (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-25	Class A Common Stock, par value $0.01 per share	S	56603	$8.6701	Disposed	4551144	Indirect
2025-03-26	Class A Common Stock, par value $0.01 per share	S	72615	$8.2408	Disposed	4478529	Indirect
2025-03-27	Class A Common Stock, par value $0.01 per share	S	46268	$8.3433	Disposed	4432261	Indirect
2025-03-25	Class B Common Stock, par value $0.01 per share	S	10648	$7.7962	Disposed	1041756	Indirect
2025-03-26	Class B Common Stock, par value $0.01 per share	S	16886	$7.4242	Disposed	1024870	Indirect
2025-03-27	Class B Common Stock, par value $0.01 per share	S	13134	$7.1061	Disposed	1011736	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities except to the extent of its 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 $8.50 to $8.92, 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) and (7).

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.09 to $8.35, inclusive.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.21 to $8.47, inclusive.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.60 to $8.00, inclusive.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.25 to $8.16, inclusive.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.34, inclusive.

F8: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.