Yorktown XI Associates LLC - 13 Nov 2023 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
10%+ Owner
Signature
Yorktown XI Associates LLC /s/ Bryan H Lawrence, Manager
Issuer symbol
METC
Transactions as of
13 Nov 2023
Net transactions value
-$4,322,302
Form type
4
Filing time
15 Nov 2023, 21:43:38 UTC
Next filing
20 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Class A Common Stock, par value $0.01 per share Sale $286,481 -15,640 -0.28% $18.32 5,571,488 13 Nov 2023 See Footnote F1, F2, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale $15,693 -974 -0.09% $16.11 1,116,451 13 Nov 2023 See Footnote F1, F3, F10, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale $1,021,134 -55,854 -1% $18.28 5,515,634 14 Nov 2023 See Footnote F1, F4, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale $864,715 -44,160 -0.8% $19.58 5,471,474 14 Nov 2023 See Footnote F1, F5, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale $9,053 -572 -0.05% $15.83 1,115,879 14 Nov 2023 See Footnote F1, F6, F10, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale $18,443 -1,053 -0.09% $17.52 1,114,826 14 Nov 2023 See Footnote F1, F7, F10, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale $1,968,886 -109,053 -2% $18.05 5,362,421 15 Nov 2023 See Footnote F1, F8, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale $136,771 -9,681 -0.87% $14.13 1,105,145 15 Nov 2023 See Footnote F1, F9, F10, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale $1,126 -75 -0.01% $15.01 1,105,070 15 Nov 2023 See Footnote F1, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 $18.25 to $18.56, 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), (7), (8) and (9).
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.02 to $16.38, inclusive.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.15 to $18.89, inclusive.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.15 to $19.93, inclusive.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.45 to $16.21, inclusive.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.30 to $17.72, inclusive.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.75 to $18.41, inclusive.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.85, inclusive.
F10 On June 21, 2023, the Issuer issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B Common Stock, $0.01 par value ("Class B Common Stock"), per share of existing common stock held by each holder as of May 12, 2023, the record date of the Distribution. As a result, 1,117,425 shares of Class B Common Stock were issued to Yorktown Energy Partners XI, L.P. ("Yorktown XI").
F11 These securities are owned directly by Yorktown XI. The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.