Christopher L. Blanchard - 31 Jan 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Tyler Adkins, Attorney-in-Fact
Issuer symbol
METC
Transactions as of
31 Jan 2024
Net transactions value
-$175,432
Form type
4
Filing time
02 Feb 2024, 08:13:35 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 +21,877 +5% $0.000000 462,763 31 Jan 2024 Direct F1
transaction METC Class A common stock Tax liability $154,676 -8,094 -1.7% $19.11 454,669 31 Jan 2024 Direct F2
transaction METC Class B common stock Options Exercise $0 +4,375 +4.9% $0.000000 93,129 31 Jan 2024 Direct F1
transaction METC Class B common stock Tax liability $20,756 -1,619 -1.7% $12.82 91,510 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 -21,877 -27% $0.000000 58,198 31 Jan 2024 Class A common stock 21,877 $0.000000 Direct F1, F4, F5
transaction METC Restricted Stock Units Options Exercise $0 -4,375 -27% $0.000000 11,639 31 Jan 2024 Class B common stock 4,375 $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 of 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 14,444 restricted stock units remaining from the Company's February 16, 2022 grant and 43,754 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 2,888 restricted stock units remaining from the Company's February 16, 2022 grant and 8,751 restricted stock units remaining from the Company's February 20, 2023 grant.