John Cecil Marcum - 31 Jan 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role: CHIEF ACCOUNTING OFFICER
Signature: /s/ Tyler Adkins, Attorney-in-Fact
Issuer symbol: METC
Transactions as of: 31 Jan 2024
Net transactions value: -$146,663
Form type: 4
Filing time: 02 Feb 2024, 08:07:34 UTC
Previous filing: 18 Dec 2023
Next filing: 04 Mar 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	+18,290	+14%	$0.000000	149,375	31 Jan 2024	Direct	F1
transaction	METC	Class A common stock	Tax liability	$129,317	-6,767	-4.5%	$19.11	142,608	31 Jan 2024	Direct	F2
transaction	METC	Class B common stock	Options Exercise	$0	+3,658	+14%	$0.000000	29,984	31 Jan 2024	Direct	F1
transaction	METC	Class B common stock	Tax liability	$17,345	-1,353	-4.5%	$12.82	28,631	31 Jan 2024	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	-18,290	-31%	$0.000000	40,901	31 Jan 2024	Class A common stock	18,290	$0.000000	Direct	F1, F4, F5
transaction	METC	Restricted Stock Units	Options Exercise	$0	-3,658	-31%	$0.000000	8,180	31 Jan 2024	Class B common stock	3,658	$0.000000	Direct	F1, F6, F7

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

Explanation of Responses:

Id	Content
F1	The first installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 31, 2024.
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 January 30, 2024. 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 January 30, 2024. 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	This consists of 4,321 restricted stock units remaining from the Company's February 16, 2022 grant and 36,580 restricted stock units remaining from the Company's February 20, 2023 grant.
F6	Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
F7	This consists of 864 restricted stock units remaining from the Company's February 16, 2022 grant and 7,316 restricted stock units remaining from the Company's February 20, 2023 grant.