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

Role
10%+ Owner
Signature
Yorktown XI Associates LLC /s/ Bryan H Lawrence, Manager
Stock symbol
METC
Transactions as of
Nov 13, 2023
Transactions value $
-$4,322,302
Form type
4
Date filed
11/15/2023, 09:43 PM
Next filing
Nov 20, 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 -$286K -15.6K -0.28% $18.32 5.57M Nov 13, 2023 See Footnote F1, F2, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale -$15.7K -974 -0.09% $16.11 1.12M Nov 13, 2023 See Footnote F1, F3, F10, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale -$1.02M -55.9K -1% $18.28 5.52M Nov 14, 2023 See Footnote F1, F4, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale -$865K -44.2K -0.8% $19.58 5.47M Nov 14, 2023 See Footnote F1, F5, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale -$9.05K -572 -0.05% $15.83 1.12M Nov 14, 2023 See Footnote F1, F6, F10, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale -$18.4K -1.05K -0.09% $17.52 1.11M Nov 14, 2023 See Footnote F1, F7, F10, F11
transaction METC Class A Common Stock, par value $0.01 per share Sale -$1.97M -109K -1.99% $18.05 5.36M Nov 15, 2023 See Footnote F1, F8, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale -$137K -9.68K -0.87% $14.13 1.11M Nov 15, 2023 See Footnote F1, F9, F10, F11
transaction METC Class B Common Stock, par value $0.01 per share Sale -$1.13K -75 -0.01% $15.01 1.11M Nov 15, 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.