Jeremy R. Sussman - Jun 30, 2023 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Barkley J. Sturgill, Jr., Attorney-in-Fact
Stock symbol
METC
Transactions as of
Jun 30, 2023
Transactions value $
-$883,759
Form type
4
Date filed
7/5/2023, 05:51 PM
Previous filing
Feb 21, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Common Stock Disposed to Issuer $0 -448K -100% $0.00* 0 Jun 21, 2023 Direct F1
transaction METC Class A common stock Award $0 +448K $0.00 448K Jun 21, 2023 Direct F1
transaction METC Class B common stock Award $0 +89.7K $0.00 89.7K Jun 21, 2023 Direct F2
transaction METC Class A common stock Tax liability -$711K -84.2K -18.79% $8.44 364K Jun 30, 2023 Direct F3
transaction METC Class B common stock Tax liability -$173K -16.3K -18.15% $10.61 73.4K Jun 30, 2023 Direct F4

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 -28.9K -100% $0.00* 0 Jun 21, 2023 Common Stock 28.9K $0.00 Direct F1, F5, F6
transaction METC Restricted Stock Units Disposed to Issuer $0 -65.6K -100% $0.00* 0 Jun 21, 2023 Common Stock 65.6K $0.00 Direct F1, F5, F7
transaction METC Restricted Stock Units Award $0 +28.9K $0.00 28.9K Jun 21, 2023 Class A common stock 28.9K $0.00 Direct F1, F5, F6
transaction METC Restricted Stock Units Award $0 +65.6K +227.18% $0.00 94.5K Jun 21, 2023 Class A common stock 65.6K $0.00 Direct F1, F5, F7
transaction METC Restricted Stock Units Award $0 +5.78K $0.00 5.78K Jun 21, 2023 Class B common stock 5.78K $0.00 Direct F2, F6, F8
transaction METC Restricted Stock Units Award $0 +13.1K +227.21% $0.00 18.9K Jun 21, 2023 Class B common stock 13.1K $0.00 Direct F2, F7, F8
transaction METC Performance Stock Units Disposed to Issuer $0 -43.3K -100% $0.00* 0 Jun 21, 2023 Common Stock 43.3K $0.00 Direct F1, F9, F10
transaction METC Performance Stock Units Disposed to Issuer $0 -65.6K -100% $0.00* 0 Jun 21, 2023 Common Stock 65.6K $0.00 Direct F1, F9, F10
transaction METC Performance Stock Units Award $0 +43.3K $0.00 43.3K Jun 21, 2023 Class A common stock 43.3K $0.00 Direct F1, F9, F10
transaction METC Performance Stock Units Award $0 +65.6K +151.45% $0.00 109K Jun 21, 2023 Class A common stock 65.6K $0.00 Direct F1, F9, F10
transaction METC Performance Stock Units Award $0 +8.67K $0.00 8.67K Jun 21, 2023 Class B common stock 8.67K $0.00 Direct F2, F10, F11
transaction METC Performance Stock Units Award $0 +13.1K +151.47% $0.00 21.8K Jun 21, 2023 Class B common stock 13.1K $0.00 Direct F2, F10, F11
* 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") reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
F2 On June 21, 2023, 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.
F3 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.
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 B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
F5 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.
F6 The RSUs vest in two equal installments beginning December 31, 2023.
F7 The RSUs vest in three equal annual installments beginning on January 31, 2024.
F8 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.
F9 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.
F10 The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period.
F11 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.