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

Role
CHIEF COMMERCIAL OFFICER
Signature
/s/ Barkley J. Sturgill, Jr., Attorney-in-Fact
Issuer symbol
METC
Transactions as of
15 Dec 2023
Net transactions value
-$83,883
Form type
4
Filing time
18 Dec 2023, 17:32:51 UTC
Previous filing
05 Jul 2023
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Class A common stock Options Exercise $0 +12,346 +10% $0.000000 134,462 15 Dec 2023 Direct F1
transaction METC Class A common stock Tax liability $72,530 -4,858 -3.6% $14.93 129,604 15 Dec 2023 Direct F2
transaction METC Class B common stock Options Exercise $0 +2,469 +10% $0.000000 27,027 15 Dec 2023 Direct F1
transaction METC Class B common stock Tax liability $11,353 -972 -3.6% $11.68 26,055 15 Dec 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 -12,346 -50% $0.000000 12,345 15 Dec 2023 Class A common stock 12,346 $0.000000 Direct F1, F4
transaction METC Restricted Stock Units Options Exercise $0 -2,469 -50% $0.000000 2,469 15 Dec 2023 Class B common stock 2,469 $0.000000 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.