Director-linked Yorktown funds sell about 208K Ramaco (METC) shares

Rhea-AI Filing Summary

Yorktown Energy Partners IX, X and XI, funds associated with Ramaco Resources director Lawrence Bryan H., reported open-market sales totaling 207,591 shares of Ramaco Resources, Inc. common stock. The trades covered both Class A and Class B shares.

Class A Common Stock sales on March 27 involved 59,350, 47,968 and 72,567 shares at a weighted-average price of $15.3076 per share. Class B Common Stock sales on March 27 and March 30 involved blocks ranging from 2,266 to 8,168 shares at weighted-average prices of $10.3381 and $10.9327 per share.

After these transactions, the reporting entities continued to hold large indirect positions, including 2,437,247 and 1,969,646 Class A shares and over 1.2 million Class B shares in various accounts, while Bryan also reported 134,877 Class A shares held directly. Footnotes state Bryan disclaims beneficial ownership of fund-held shares except to the extent of his pecuniary interest.

Insider Trade Summary

Net Seller: 207,591 shares ($3,052,893)

Net Sell 10 txns

Insider Lawrence Bryan H.

Role Director

Sold 207,591 shs ($3.05M)

Type	Security	Shares	Price	Value
Sale	Class B Common Stock, par value $0.01 per share	2,266	$10.3381	$23K
Sale	Class B Common Stock, par value $0.01 per share	1,518	$10.3381	$16K
Sale	Class B Common Stock, par value $0.01 per share	2,297	$10.3381	$24K
Sale	Class A Common Stock, par value $0.01 per share	59,350	$15.3076	$909K
Sale	Class A Common Stock, par value $0.01 per share	47,968	$15.3076	$734K
Sale	Class A Common Stock, par value $0.01 per share	72,567	$15.3076	$1.11M
Sale	Class B Common Stock, par value $0.01 per share	8,059	$10.9327	$88K
Sale	Class B Common Stock, par value $0.01 per share	5,398	$10.9327	$59K
Sale	Class B Common Stock, par value $0.01 per share	8,168	$10.9327	$89K
holding	Class A Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Class B Common Stock, par value $0.01 per share — 1,216,317 shares (Indirect, See Footnote); Class A Common Stock, par value $0.01 per share — 2,437,247 shares (Indirect, See Footnote); Class A Common Stock, par value $0.01 per share — 134,877 shares (Direct)

Footnotes (1)

1. The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.97 to $15.7783, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2), (3), and (4) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.55 to $11.285, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.06 to $10.6975, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the General Partner of Yorktown IX. These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the General Partner of Yorktown X. These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the General Partner of Yorktown XI.

Key Figures

Total shares sold: 207,591 shares Class A sale price: $15.3076 per share Class B sale price (set 1): $10.9327 per share +4 more

7 metrics

Total shares sold 207,591 shares Open-market sales of Class A and B Common Stock

Class A sale price $15.3076 per share Weighted-average price for Class A sales on March 27

Class B sale price (set 1) $10.9327 per share Weighted-average price for certain Class B sales on March 27

Class B sale price (set 2) $10.3381 per share Weighted-average price for Class B sales on March 30

Indirect Class A holding 2,437,247 shares Class A Common Stock indirectly held after a transaction

Indirect Class B holding 1,218,583 shares Class B Common Stock indirectly held after a transaction

Direct Class A holding 134,877 shares Class A Common Stock held directly by Lawrence Bryan H.

Key Terms

weighted average price, beneficial ownership, pecuniary interest, Section 16, +2 more

6 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein"

Section 16 regulatory

"beneficial owner of the securities for Section 16 or any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Class A Common Stock financial

"Class A Common Stock, par value $0.01 per share"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Yorktown Energy Partners IX, L.P. financial

"These securities are owned directly by Yorktown Energy Partners IX, L.P."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lawrence Bryan H.

(Last) (First) (Middle)

410 PARK AVENUE

20TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [ METC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock, par value $0.01 per share	03/27/2026		S		59,350(1)	D	$15.3076(2)	2,437,247(1)	I	See Footnote(5)
Class A Common Stock, par value $0.01 per share	03/27/2026		S		47,968(1)	D	$15.3076(2)	1,969,646(1)	I	See Footnote(6)
Class A Common Stock, par value $0.01 per share	03/27/2026		S		72,567(1)	D	$15.3076(2)	2,979,968(1)	I	See Footnote(7)
Class B Common Stock, par value $0.01 per share	03/27/2026		S		8,059(1)	D	$10.9327(3)	1,218,583(1)	I	See Footnote(5)
Class B Common Stock, par value $0.01 per share	03/27/2026		S		5,398(1)	D	$10.9327(3)	816,311(1)	I	See Footnote(6)
Class B Common Stock, par value $0.01 per share	03/27/2026		S		8,168(1)	D	$10.9327(3)	1,235,029(1)	I	See Footnote(7)
Class B Common Stock, par value $0.01 per share	03/30/2026		S		2,266(1)	D	$10.3381(4)	1,216,317(1)	I	See Footnote(5)
Class B Common Stock, par value $0.01 per share	03/30/2026		S		1,518(1)	D	$10.3381(4)	814,793(1)	I	See Footnote(6)
Class B Common Stock, par value $0.01 per share	03/30/2026		S		2,297(1)	D	$10.3381(4)	1,232,732(1)	I	See Footnote(7)
Class A Common Stock, par value $0.01 per share								134,877	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.97 to $15.7783, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2), (3), and (4)

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.55 to $11.285, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.06 to $10.6975, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

5. These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the General Partner of Yorktown IX.

6. These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the General Partner of Yorktown X.

7. These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the General Partner of Yorktown XI.

	/s/ Bryan H Lawrence	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Ramaco Resources (METC) report in this Form 4?

Ramaco Resources reported that funds associated with director Lawrence Bryan H. sold 207,591 shares of Class A and Class B common stock in open-market transactions. The filing also shows Bryan holding 134,877 Class A shares directly after the reported activity.

How many Ramaco Resources (METC) shares were sold by the director-linked funds?

The Form 4 shows total sales of 207,591 Ramaco Resources shares across multiple trades. These include several Class A and Class B blocks, with individual transactions ranging from a few thousand shares to more than 70,000 shares each, all executed in the open market.

At what prices were the Ramaco Resources (METC) shares sold in these insider trades?

Class A Common Stock was sold at a weighted-average price of $15.3076 per share. Class B Common Stock was sold at weighted-average prices of $10.9327 and $10.3381 per share, with footnotes noting underlying trade ranges around those averages across multiple executions.

Who actually owns the Ramaco Resources (METC) shares reported in this Form 4?

The shares are owned directly by Yorktown Energy Partners IX, X and XI limited partnerships. Director Lawrence Bryan H. is a member and manager of entities that serve as their general partners and disclaims beneficial ownership of these securities beyond his pecuniary interest, according to the footnotes.

What Ramaco Resources (METC) holdings remain after the reported insider sales?

After the transactions, the filing shows indirect holdings such as 2,437,247 and 1,969,646 Class A shares and over 1.2 million Class B shares in various Yorktown accounts. It also reports 134,877 Class A shares held directly by Lawrence Bryan H. following the activity.

Were the insider Ramaco Resources (METC) sales made under a trading plan?

The provided Form 4 footnotes describe ownership structure, beneficial ownership disclaimers, and weighted-average pricing details. They do not state that the transactions were executed under a Rule 10b5-1 trading plan or other pre-arranged trading arrangement.