Ramaco Resources, Inc. — Director's Dealing 2025

Mar 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2025-02-24

Reporting Person: Jones Estill Forrest Jr. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-24	Class A common stock	A	10560	—	Acquired	60587	Direct
2024-12-16	Class B common stock	A	928	—	Acquired	10933	Direct

Footnotes

F1: On February 24, 2025, the Reporting Person received a restricted stock grant of 10,560 shares of Class A common stock under the Ramaco Resources, Inc. (the "Company") 2017 Long Term Incentive Plan. The restricted stock will vest on January 31, 2026.

F2: 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, 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 928 shares of Company's Class B common stock as of December 16, 2024.