Estill Forrest Jones Jr. - 30 Jan 2026 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role: General Counsel
Signature: /s/ Jonathan T Adkins, Attorney in Fact
Issuer symbol: METC
Transactions as of: 30 Jan 2026
Net transactions value: -$86,629
Form type: 4
Filing time: 02 Feb 2026, 16:10:17 UTC
Previous filing: 02 May 2025
Next filing: 24 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Jones Estill Forrest Jr.	General Counsel	1331 TURLEY ROAD, CHARLESTON	/s/ Jonathan T Adkins, Attorney in Fact	02 Feb 2026	0001842403

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	METC	Class A common stock	Tax liability	$66,740	-3,342	-5.5%	$19.97	57,245	30 Jan 2026	Direct	F1
transaction	METC	Class A common stock	Options Exercise	$0	+3,100	+5.4%	$0.000000	60,345	30 Jan 2026	Direct	F2
transaction	METC	Class A common stock	Tax liability	$19,591	-981	-1.6%	$19.97	59,364	30 Jan 2026	Direct	F3
transaction	METC	Class B common stock	Options Exercise	$0	+76	+0.6%	$0.000000	12,754	30 Jan 2026	Direct	F4, F5
transaction	METC	Class B common stock	Tax liability	$298	-24	-0.19%	$12.43	12,730	30 Jan 2026	Direct	F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	METC	Restricted Stock Units	Options Exercise	$0	-3,100	-33%	$0.000000	6,200	30 Jan 2026	Class A common stock	3,100		Direct	F2, F7
transaction	METC	Dividend Equivalent Units	Options Exercise	$0	-76	-100%	$0.000000	0	30 Jan 2026	Class B common stock	76		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 24, 2025, the Reporting Person received a restricted stock grant of 10,560 shares (the "February Grant") under the Ramaco Resources, Inc.'s (the "Company") 2017 Long Term Incentive Plan. The full award under the February Grant vested on January 31, 2026. Amount reflects 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.
F2	The first installment of restricted stock units granted on May 1, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.
F3	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.
F4	As a result of the three common stock dividends paid in Class B common stock since the reporting person's last filing 1) declared on March 17, 2025 and paid on June 13, 2025, 2) declared on August 22, 2025 and paid on September 19, 2025, and 3) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 886 shares of Class B common Stock, which are included in the reported amount.
F5	Dividend equivalent units underlying the first tranche of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnote 4 for further detail.
F6	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.
F7	Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.