Ramaco Resources, Inc. — Director's Dealing 2026

Feb 2, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2026-01-30

Reporting Person: Marcum John Cecil (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-30	Class A common stock	M	109740	—	Acquired	248891	Direct
2026-01-30	Class A common stock	F	47020	$19.97	Disposed	201871	Direct
2026-01-30	Class A common stock	M	43346	—	Acquired	245217	Direct
2026-01-30	Class A common stock	F	18573	$19.97	Disposed	226644	Direct
2026-01-30	Class B common stock	M	21948	—	Acquired	55721	Direct
2026-01-30	Class B common stock	F	9404	$12.43	Disposed	46317	Direct
2026-01-30	Class B common stock	M	3658	—	Acquired	49975	Direct
2026-01-30	Class B common stock	F	1567	$12.43	Disposed	48408	Direct
2026-01-30	Class B common stock	M	4465	—	Acquired	52873	Direct
2026-01-30	Class B common stock	F	1913	$12.43	Disposed	50960	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-30	Performance Stock Units	$	M	54870	Disposed		Class A common stock (54870)	Direct
2026-01-30	Performance Stock Units	$	A	54870	Acquired		Class A common stock (54870)	Direct
2026-01-30	Performance Stock Units	$	M	54870	Disposed		Class A common stock (54870)	Direct
2026-01-30	Performance Stock Units	$	M	10974	Disposed		Class B common stock (10974)	Direct
2026-01-30	Performance Stock Units	$	A	10974	Acquired		Class B common stock (10974)	Direct
2026-01-30	Performance Stock Units	$	M	10974	Disposed		Class B common stock (10974)	Direct
2026-01-30	Restricted Stock Units	$	M	18290	Disposed		Class A common stock (18290)	Direct
2026-01-30	Restricted Stock Units	$	M	9216	Disposed		Class A common stock (9216)	Direct
2026-01-30	Restricted Stock Units	$	M	15840	Disposed		Class A common stock (15840)	Direct
2026-01-30	Restricted Stock Units	$	M	3658	Disposed		Class B common stock (3658)	Direct
2026-01-30	Dividend Equivalent Units	$	M	4465	Disposed		Class B common stock (4465)	Direct

Footnotes

F1: The performance stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 30, 2026 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the "Committee"). The Committee certified the achievement of pre-established performance targets at 200% for the performance period beginning on January 1, 2023 and ending on December 31, 2025. As a result of the Committee Certification, the vesting of additional performance stock units for 54,870 shares of Class A and 10,974 shares of Class B stock was approved.

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 January 29, 2026.

F3: The third and final installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 30, 2026.

F4: The second installment of restricted stock granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 30, 2026. One annual installment remains from this grant.

F5: The first installment of restricted stock units granted on February 24, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.

F6: As a result of the four common stock dividends paid in Class B common stock 1) declared on December 5, 2024 and paid on March 14, 2025, 2) declared on March 17, 2025 and paid on June 13, 2025, 3) declared on August 22, 2025 and paid on September 19, 2025, and 4) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 4,318 shares of Class B common Stock, which are included in the reported amount.

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

F8: Amount includes 54,870 Performance Stock Units for Class A common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. See Footnote 1.

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

F10: Amount includes 10,974 Performance Stock Units for Class B common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. Please see Footnote 1.

F11: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F12: Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

F13: Dividend equivalent units underlying the three tranches of restricted stock units and the tranche of performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 1, 3, 4 and 5 for further detail.

F14: See Footnote 6 for further detail regarding the stock dividends.

F15: 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 January 29, 2026.