Jason Todd Fannin - Dec 15, 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
CHIEF COMMERCIAL OFFICER
Signature
/s/ Jonathan Tyler Adkins, Attorney-in-Fact
Stock symbol
METC
Transactions as of
Dec 15, 2024
Transactions value $
-$69,528
Form type
4
Date filed
12/17/2024, 04:11 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 +12.3K +10.78% $0.00 127K Dec 15, 2024 Direct F1
transaction METC Class A common stock Tax liability -$58.4K -4.86K -3.83% $12.02 122K Dec 15, 2024 Direct F2
transaction METC Class B common stock Options Exercise $0 +2.47K +9.81% $0.00 27.6K Dec 15, 2024 Direct F1, F3
transaction METC Class B common stock Tax liability -$10.2K -972 -3.52% $10.50 26.7K Dec 15, 2024 Direct F3, F4
transaction METC Class B common stock Options Exercise $0 +229 +0.86% $0.00 26.9K Dec 15, 2024 Direct F5
transaction METC Class B common stock Tax liability -$929 -90 -0.33% $10.32 26.8K 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 -12.3K -100% $0.00 0 Dec 15, 2024 Class A common stock 12.3K $0.00 Direct F1, F8
transaction METC Restricted Stock Units Options Exercise $0 -2.47K -100% $0.00 0 Dec 15, 2024 Class B common stock 2.47K $0.00 Direct F1, F9
transaction METC Dividend Equivalent Units Options Exercise $0 -229 -100% $0.00 0 Dec 15, 2024 Class B common stock 229 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, to shareholders of record as of the close of Nasdaq on December 2, 2024 (the "December Dividend"), 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 2,128 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 229 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 90 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.