Ramaco Resources (METC) GC receives RSU and PSU equity awards

Rhea-AI Filing Summary

Jones Estill Forrest Jr. reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources General Counsel Jones Estill Forrest Jr. reported equity awards rather than open-market trades. On February 24, 2026, he received 14,095 restricted stock units and 14,095 performance stock units under the company’s 2017 Long-Term Incentive Plan at no cash cost.

The restricted stock units vest in three equal annual installments beginning January 31, 2027. The performance stock units cover a period from January 1, 2026 through December 31, 2028 and will vest based on Compensation Committee certification of pre-set performance targets, with possible payout from 0% to 200% of the granted amount. Each unit is a contingent right to receive one share of Class A common stock.

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

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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^*

Jones Estill Forrest Jr.

(Last) (First) (Middle)

250 W. MAIN STREET, SUITE 1900

C/O: RAMACO RESOURCES, INC.

(Street)

LEXINGTON KY 40507

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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

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
Restricted Stock Units	$0(1)(2)	02/24/2026		A		14,095		(1)	(1)	Class A common stock	14,095	$0	14,095	D
Performance Stock Units	$0(3)(4)	02/24/2026		A		14,095		(3)	(3)	Class A common stock	14,095	$0	14,095	D

Explanation of Responses:

1. On February 24, 2026, the Reporting Person received a restricted stock unit grant of 14,095 units under the Ramaco Resources, Inc. (the "Company") 2017 Long-Term Incentive Plan. The restricted stock units will vest in three equal annual installments beginning on January 31, 2027.

2. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

3. On February 24, 2026, the Reporting Person received a performance stock unit grant of 14,095 units under the Company's 2017 Long Term Incentive Plan. The performance period began on January 1, 2026 and will end on December 31, 2028. The performance stock units will vest based upon the certification of the Compensation Committee of the Company's Board of Directors as to the percentage of achievement based on pre-established performance targets. The achievement percentage can range from 0% to 200% of this grant.

4. Each performance stock unit represents a contingent right to receive one share of Class A common stock.

Remarks:

	/s/ Jonathan T Adkins, Attorney in Fact	02/24/2026
	** 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).
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FAQ

What insider transactions did Ramaco Resources (METC) report for Jones Estill Forrest Jr.?

Ramaco Resources reported that General Counsel Jones Estill Forrest Jr. received equity awards, not market trades. He was granted 14,095 restricted stock units and 14,095 performance stock units on February 24, 2026 under the company’s 2017 Long-Term Incentive Plan.

How do the new restricted stock units for METC’s General Counsel vest?

The 14,095 restricted stock units granted to Ramaco Resources’ General Counsel vest in three equal annual installments. Vesting begins on January 31, 2027, meaning one-third of the units vest each year over a three-year period, subject to continued service conditions.

What are the key terms of the performance stock units granted by Ramaco Resources (METC)?

Ramaco Resources granted 14,095 performance stock units with a performance period from January 1, 2026 to December 31, 2028. Vesting depends on the Compensation Committee certifying achievement versus pre-set targets, with potential payout ranging from 0% to 200% of the granted units.

How many Ramaco Resources (METC) shares can each unit convert into?

Each restricted stock unit and each performance stock unit represents a contingent right to receive one share of Class A common stock. Actual shares delivered depend on vesting schedules for restricted units and on certified performance outcomes for the performance stock units.

Did the METC insider Form 4 involve any stock purchases or sales for cash?

The Form 4 for Ramaco Resources’ General Counsel reflects grants of equity awards, not cash purchases or sales. Both restricted stock units and performance stock units were awarded at a reported price of $0.00 per unit, consistent with typical compensatory grants.