Randall Whittaker Atkins - 31 Jan 2025 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Jonathan Tyler Adkins, Attorney-in-Fact
Issuer symbol
METC
Transactions as of
31 Jan 2025
Net transactions value
-$338,726
Form type
4
Filing time
03 Feb 2025, 17:15:06 UTC
Previous filing
27 Jan 2025
Next filing
25 Feb 2025
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 +79,132 +16% $0.000000 570,031 31 Jan 2025 Direct F1, F2
transaction METC Class A common stock Tax liability $300,170 -31,138 -5.5% $9.64 538,893 31 Jan 2025 Direct F3
transaction METC Class B common stock Options Exercise $0 +9,647 +8.9% $0.000000 118,186 31 Jan 2025 Direct F1
transaction METC Class B common stock Tax liability $33,974 -3,796 -3.2% $8.95 114,390 31 Jan 2025 Direct F4
transaction METC Class B common stock Options Exercise $0 +1,320 +1.2% $0.000000 115,710 31 Jan 2025 Direct F5
transaction METC Class B common stock Tax liability $4,581 -520 -0.45% $8.81 115,190 31 Jan 2025 Direct F6
holding METC Class A common stock 2,178,702 31 Jan 2025 Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD
holding METC Class B common stock 476,159 31 Jan 2025 Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD
holding METC Class A common stock 5,000 31 Jan 2025 By Daughter F7
holding METC Class B common stock 1,092 31 Jan 2025 By Daughter 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 -48,235 -50% $0.000000 48,234 31 Jan 2025 Class A common stock 48,235 $0.000000 Direct F1, F8
transaction METC Restricted Stock Units Options Exercise $0 -30,897 -33% $0.000000 61,794 31 Jan 2025 Class A common stock 30,897 $0.000000 Direct F2, F8
transaction METC Restricted Stock Units Options Exercise $0 -9,647 -50% $0.000000 9,647 31 Jan 2025 Class B common stock 9,647 $0.000000 Direct F1, F9
transaction METC Dividend Equivalent Units Options Exercise $0 -1,320 -100% $0.000000 0 31 Jan 2025 Class B common stock 1,320 $0.000000 Direct F5, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The second installment of restricted stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 31, 2025.
F2 The first installment of restricted stock units granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 31, 2025.
F3 Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class A common stock on January 30, 2025.
F4 Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class B common stock on January 30, 2025.
F5 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 1,320 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying restricted stock units.
F6 As a result of the December Dividend, the reporting person received 1,320 shares of Company's Class B common stock as of January 31, 2025 in respect of the stock dividends following settlement of the restricted stock units, of which 520 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Company's Class B common stock on the date of delivery of the shares (January 31, 2025).
F7 This holding is held by the reporting person's daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
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 the restricted stock units listed above with respect to Class A and with respect to Class B common stock. See Footnote 5 for further detail.