Barkley J. Sturgill Jr. - 31 Jan 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
GENERAL COUNSEL
Signature
/s/ Barkley J. Sturgill, Jr.
Issuer symbol
METC
Transactions as of
31 Jan 2024
Net transactions value
-$38,542
Form type
4
Filing time
02 Feb 2024, 08:10:00 UTC
Previous 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 A common stock Options Exercise $0 +4,805 +3.2% $0.000000 152,888 31 Jan 2024 Direct F1
transaction METC Class A common stock Tax liability $33,978 -1,778 -1.2% $19.11 151,110 31 Jan 2024 Direct F2
transaction METC Class B common stock Options Exercise $0 +961 +3.2% $0.000000 30,832 31 Jan 2024 Direct F1
transaction METC Class B common stock Tax liability $4,564 -356 -1.2% $12.82 30,476 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 -4,805 -27% $0.000000 13,314 31 Jan 2024 Class A common stock 4,805 $0.000000 Direct F1, F4, F5
transaction METC Restricted Stock Units Options Exercise $0 -961 -27% $0.000000 2,663 31 Jan 2024 Class B common stock 961 $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.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F5 This consists of 3,703 restricted stock units remaining from the Company's February 16, 2022 grant and 9,611 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 741 restricted stock units remaining from the Company's February 16, 2022 grant and 1,922 restricted stock units remaining from the Company's February 20, 2023 grant.