Yorktown XI fund trims Ramaco Resources (METC) stake with 10,465-share sale

Rhea-AI Filing Summary

Yorktown XI Associates LLC reported indirect open-market sales of Ramaco Resources, Inc. Class B Common Stock. On March 27, 2026, an affiliated entity sold 8,168 shares at a weighted average price of $10.9327 per share. On March 30, 2026, it sold 2,297 shares at a weighted average price of $10.3381 per share. After these transactions, the affiliated fund held 1,232,732 Class B shares indirectly. The reporting person disclaims beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

Net Seller: 10,465 shares ($113,045)

Net Sell 2 txns

Insider Yorktown XI Associates LLC

Role 10% Owner

Sold 10,465 shs ($113K)

Type	Security	Shares	Price	Value
Sale	Class B Common Stock, par value $0.01 per share	2,297	$10.3381	$24K
Sale	Class B Common Stock, par value $0.01 per share	8,168	$10.9327	$89K

Holdings After Transaction: Class B Common Stock, par value $0.01 per share — 1,232,732 shares (Indirect, See Footnote)

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 $10.55 to $11.285, 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) and (3). 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 XI L.P. ("Yorktown XI"). The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

Key Figures

Shares sold 2026-03-27: 8,168 shares at $10.9327/share Shares sold 2026-03-30: 2,297 shares at $10.3381/share Total shares sold: 10,465 shares +1 more

4 metrics

Shares sold 2026-03-27 8,168 shares at $10.9327/share Open-market sale of Class B Common Stock

Shares sold 2026-03-30 2,297 shares at $10.3381/share Open-market sale of Class B Common Stock

Total shares sold 10,465 shares Net open-market sales across two transactions

Post-transaction holdings 1,232,732 shares Indirect Class B Common Stock after March 30, 2026 sale

Key Terms

Class B Common Stock, weighted average price, beneficial ownership, pecuniary interest, +1 more

5 terms

Class B Common Stock financial

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

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

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 therein"

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

"except to the extent of its pecuniary interest therein"

Section 16 regulatory

"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.

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^*

Yorktown XI Associates LLC

(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)

	Director	X	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 B Common Stock, par value $0.01 per share	03/27/2026		S		8,168(1)	D	$10.9327(2)	1,235,029(1)	I	See Footnote(4)
Class B Common Stock, par value $0.01 per share	03/30/2026		S		2,297(1)	D	$10.3381(3)	1,232,732(1)	I	See Footnote(4)

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 $10.55 to $11.285, 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) and (3).

3. 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.

4. These securities are owned directly by Yorktown Energy Partners XI L.P. ("Yorktown XI"). The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

	Yorktown XI Associates LLC /s/ Bryan H Lawrence, Managing Member	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 activity did Yorktown XI report for Ramaco Resources (METC)?

Yorktown XI Associates LLC reported indirect open-market sales of Ramaco Resources Class B Common Stock. An affiliated fund sold 8,168 shares on March 27, 2026 and 2,297 shares on March 30, 2026, for a combined 10,465 shares sold.

How many Ramaco Resources (METC) shares remain held after the reported sales?

After the reported transactions, the affiliated Yorktown fund held 1,232,732 shares of Ramaco Resources Class B Common Stock indirectly. This figure reflects the position following the final sale on March 30, 2026, as disclosed in the Form 4 filing.

At what prices were the Ramaco Resources (METC) shares sold in the Form 4?

The March 27, 2026 sale of Ramaco Resources shares had a weighted average price of $10.9327. The March 30, 2026 sale used a weighted average price of $10.3381, based on multiple trades within reported intraday price ranges.

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

The securities are owned directly by Yorktown Energy Partners XI L.P., with Yorktown XI Associates LLC as a general partner of related entities. The reporting person disclaims beneficial ownership beyond its pecuniary interest in these Ramaco Resources shares.

Does the reporting person claim full beneficial ownership of Ramaco Resources (METC) shares?

No. The reporting person disclaims beneficial ownership of the Ramaco Resources securities except to the extent of its pecuniary interest. The filing notes this disclaimer applies for Section 16 and any other legal purpose regarding ownership status.

Were the Ramaco Resources (METC) trades single transactions or price-weighted blocks?

Each reported Ramaco Resources transaction reflects a weighted average price across multiple trades. For example, one day’s sales occurred in a price range from $10.55 to $11.285, with the average rounded to four decimal places for reporting.