Jeremy R. Sussman - Dec 15, 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Jonathan Tyler Adkins, Attorney-in-Fact
Stock symbol: METC
Transactions as of: Dec 15, 2024
Transactions value $: -$89,590
Form type: 4
Date filed: 12/17/2024, 04:04 PM
Previous filing: Jul 1, 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	+14.4K	+4.87%	$0.00	311K	Dec 15, 2024	Direct	F1
transaction	METC	Class A common stock	Tax liability	-$75.3K	-6.26K	-2.01%	$12.02	305K	Dec 15, 2024	Direct	F2
transaction	METC	Class B common stock	Options Exercise	$0	+2.89K	+4.42%	$0.00	68.3K	Dec 15, 2024	Direct	F1, F3
transaction	METC	Class B common stock	Tax liability	-$13.1K	-1.25K	-1.83%	$10.50	67.1K	Dec 15, 2024	Direct	F4
transaction	METC	Class B common stock	Options Exercise	$0	+267	+0.4%	$0.00	67.3K	Dec 15, 2024	Direct	F5
transaction	METC	Class B common stock	Tax liability	-$1.19K	-115	-0.17%	$10.32	67.2K	Dec 15, 2024	Direct	F6, F7

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	-14.4K	-100%	$0.00	0	Dec 15, 2024	Class A common stock	14.4K	$0.00	Direct	F1, F8
transaction	METC	Restricted Stock Units	Options Exercise	$0	-2.89K	-100%	$0.00	0	Dec 15, 2024	Class B common stock	2.89K	$0.00	Direct	F1, F9
transaction	METC	Dividend Equivalent Units	Options Exercise	$0	-267	-100%	$0.00	0	Dec 15, 2024	Class B common stock	267		Direct	F10

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

Explanation of Responses:

Id	Content
F1	The third and final installment of restricted stock units granted on February 16, 2022 under the Ramaco Resources Inc.'s (the "Company") Long Term Incentive Plan vested on December 15, 2024.
F2	Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on December 13, 2024.
F3	On November 20, 2024, the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock, both payable in shares of the Issuer's Class B common stock on December 16, 2024 (the "December Dividend"), to shareholders of record as of the close of Nasdaq on December 2, 2024, with the amount of Class B shares to be issued per share for each respective class of stock determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($9.96). As a result, the reporting person received 5,517 shares of Company's Class B common stock as of December 16, 2024.
F4	Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on December 13, 2024.
F5	Class B common stock paid in settlement of dividend equivalent units underlying (A) restricted stock units in respect of Class A common stock and (B) restricted stock units in respect of Class B common stock. See footnotes 3 and 7 for further detail.
F6	Shares surrendered to satisfy tax withholding obligations on Class B common stock delivered in settlement of dividend equivalent units on restricted stock units in respect of Class A common stock and Class B common stock. The number of shares was based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (December 16, 2024).
F7	As a result of the December Dividend, the reporting person received 267 shares of Company's Class B common stock as of December 16, 2024 in respect of the stock dividends following settlement of the restricted stock units, of which 115 were used to satisfy tax withholding obligations.
F8	Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F9	Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
F10	Dividend equivalent units underlying both tranches of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 3 and 7 for further detail.