Barkley J. Sturgill Jr. - 30 Jun 2023 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
GENERAL COUNSEL
Signature
/s/ Barkley J. Sturgill, Jr.
Issuer symbol
METC
Transactions as of
30 Jun 2023
Net transactions value
-$394,823
Form type
4
Filing time
05 Jul 2023, 17:44:23 UTC
Previous filing
21 Feb 2023
Next filing
18 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Class B common stock Award $0 +36,728 $0.000000 36,728 21 Jun 2023 Direct F1
transaction METC Common Stock Disposed to Issuer $0 -183,640 -100% $0.000000* 0 21 Jun 2023 Direct F2
transaction METC Class A common stock Award $0 +183,640 $0.000000 183,640 21 Jun 2023 Direct F3
transaction METC Class A common stock Tax liability $317,656 -37,637 -20% $8.44 146,003 30 Jun 2023 Direct F4
transaction METC Class B common stock Tax liability $77,167 -7,273 -20% $10.61 29,455 30 Jun 2023 Direct F5

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 Disposed to Issuer $0 -14,416 -100% $0.000000* 0 21 Jun 2023 Common Stock 14,416 $0.000000 Direct F2, F6, F7
transaction METC Restricted Stock Units Disposed to Issuer $0 -7,407 -100% $0.000000* 0 21 Jun 2023 Common Stock 7,407 $0.000000 Direct F2, F6, F8
transaction METC Restricted Stock Units Award $0 +7,407 $0.000000 7,407 21 Jun 2023 Class A common stock 7,407 $0.000000 Direct F2, F6, F8
transaction METC Restricted Stock Units Award $0 +14,416 +195% $0.000000 21,823 21 Jun 2023 Class A common stock 14,416 $0.000000 Direct F2, F6, F7
transaction METC Restricted Stock Units Award $0 +2,883 $0.000000 2,883 21 Jun 2023 Class B common stock 2,883 $0.000000 Direct F1, F7, F9
transaction METC Restricted Stock Units Award $0 +1,481 +51% $0.000000 4,364 21 Jun 2023 Class B common stock 1,481 $0.000000 Direct F1, F8, F9
transaction METC Performance Stock Units Disposed to Issuer $0 -11,111 -100% $0.000000* 0 21 Jun 2023 Common Stock 11,111 $0.000000 Direct F2, F10, F11
transaction METC Performance Stock Units Disposed to Issuer $0 -14,416 -100% $0.000000* 0 21 Jun 2023 Common Stock 14,416 $0.000000 Direct F2, F10, F11
transaction METC Performance Stock Units Award $0 +11,111 $0.000000 11,111 21 Jun 2023 Class A common stock 11,111 $0.000000 Direct F2, F10, F11
transaction METC Performance Stock Units Award $0 +14,416 +130% $0.000000 25,527 21 Jun 2023 Class A common stock 14,416 $0.000000 Direct F2, F10, F11
transaction METC Performance Stock Units Award $0 +2,222 $0.000000 2,222 21 Jun 2023 Class B common stock 2,222 $0.000000 Direct F1, F11, F12
transaction METC Performance Stock Units Award $0 +2,883 +130% $0.000000 5,105 21 Jun 2023 Class B common stock 2,883 $0.000000 Direct F1, F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 21, 2023, Ramaco Resources, Inc. (the "Company"), 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 the record date for the Distribution.
F2 On June 21, 2023, the Company reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
F3 On June 21, 2023, the Company reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
F4 Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
F5 Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
F6 Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
F7 The RSUs vest in three equal annual installments beginning on January 31, 2024.
F8 The RSUs vest in two equal annual installments beginning December 31, 2023.
F9 Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.
F10 Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
F11 The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period.
F12 Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units.