Jason Todd Fannin - Dec 15, 2023 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
CHIEF COMMERCIAL OFFICER
Signature
/s/ Barkley J. Sturgill, Jr., Attorney-in-Fact
Stock symbol
METC
Transactions as of
Dec 15, 2023
Transactions value $
-$83,883
Form type
4
Date filed
12/18/2023, 05:32 PM
Previous filing
Jul 5, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Class A common stock Options Exercise $0 +12.3K +10.11% $0.00 134K Dec 15, 2023 Direct F1
transaction METC Class A common stock Tax liability -$72.5K -4.86K -3.61% $14.93 130K Dec 15, 2023 Direct F2
transaction METC Class B common stock Options Exercise $0 +2.47K +10.05% $0.00 27K Dec 15, 2023 Direct F1
transaction METC Class B common stock Tax liability -$11.4K -972 -3.6% $11.68 26.1K Dec 15, 2023 Direct F3

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 -12.3K -50% $0.00 12.3K Dec 15, 2023 Class A common stock 12.3K $0.00 Direct F1, F4
transaction METC Restricted Stock Units Options Exercise $0 -2.47K -50% $0.00 2.47K Dec 15, 2023 Class B common stock 2.47K $0.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The second installment of restricted stock units granted on February 16, 2022 under the Company's Long Term Incentive Plan vested on December 15, 2023.
F2 Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on December 14, 2023. Such shares were acquired as treasury stock by the issuer.
F3 Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on December 14, 2023. Such shares were acquired as treasury stock by the issuer.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F5 Each restricted stock unit represents a contingent right to receive one share of Class B common stock.