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Ramaco director restructures 1.0M METC shares

Ramaco Resources, Inc. (METC) director Peter A. Leidel reported restructuring-related movements in Class A common stock on September 2, 2026.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ramaco Resources, Inc. (METC) director Peter A. Leidel reported restructuring-related movements in Class A common stock on September 2, 2026. Entities associated with him made pro rata distributions of 1,000,000 shares, recorded as an indirect disposition, and he acquired 46,777 shares directly, bringing his direct holdings to 151,535 shares. The distributions and certain indirect holdings are attributed to Yorktown investment partnerships, and Leidel disclaims beneficial ownership beyond his pecuniary interest. No Rule 10b5-1 trading plan is reported.

Positive

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Negative

  • None.
Insider LEIDEL PETER A
Role Director
Type Security Shares Price Value
Other Class A Common Stock, par value $0.01 per share F1, F2, F3 1,000,000 $0.00 $0.00
Other Class A Common Stock, par value $0.01 per share F1 46,777 $0.00 $0.00
holding Class A Common Stock, par value $0.01 per share F2, F4 -- -- --
holding Class A Common Stock, par value $0.01 per share F2, F5 -- -- --
Holdings After Transaction: Class A Common Stock, par value $0.01 per share — 4,386,861 shares (Indirect, See Footnote); Class A Common Stock, par value $0.01 per share — 151,535 shares (Direct)
Footnotes (5)
  1. F1. Pro rata distributions from Yorktown Energy Partners X, L.P. ("Yorktown X"), Yorktown X Company LP ("Yorktown X Company") and Yorktown X Associates LLC ("Yorktown X Associates").
  2. F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his 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.
  3. F3. These securities are owned directly by Yorktown X. The reporting person is a member and manager of Yorktown X Associates, the general partner of Yorktown X Company, the general partner of Yorktown X.
  4. F4. These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and a manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.
  5. F5. 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.
Indirect shares distributed 1,000,000 shares Pro rata distributions by Yorktown X entities on September 2, 2026
Direct shares acquired 46,777 shares Other acquisition into direct ownership on September 2, 2026
Direct holdings after transaction 151,535 shares Directly held Class A common stock following the restructuring
Price per share for reported transactions $0.00 per share Both J-code restructuring entries report a zero per-share price
Restructuring share total 1,046,777 shares Total non-derivative shares involved in J-code restructuring transactions
pro rata distributions financial
"Pro rata distributions from Yorktown Energy Partners X, L.P."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
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 his pecuniary interest therein"
indirect ownership financial
"These securities are owned directly by Yorktown X"
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.

FAQ

What insider transactions did METC director Peter A. Leidel report on September 2, 2026?

He reported pro rata distributions of 1,000,000 METC shares by affiliated Yorktown funds, treated as an indirect disposition, and an acquisition of 46,777 METC shares into his direct ownership, leaving him with 151,535 directly held shares.

Were Peter A. Leidel’s September 2, 2026 METC transactions open-market buys or sales?

No. The filing uses transaction code J, described as “other acquisition or disposition,” reflecting pro rata distributions among Yorktown entities and a related direct acquisition, not ordinary open-market purchases or sales.

How many Ramaco Resources (METC) shares does Peter A. Leidel hold directly after these transactions?

After the September 2, 2026 restructuring transactions, Peter A. Leidel is reported as holding 151,535 METC Class A common shares in direct ownership.

What happened to the 1,000,000 METC shares reported as disposed of indirectly?

The 1,000,000 shares were part of pro rata distributions from Yorktown Energy Partners X, L.P., Yorktown X Company LP and Yorktown X Associates LLC. These are attributed to those Yorktown entities rather than to Leidel personally.

Does Peter A. Leidel claim beneficial ownership of all METC shares held by Yorktown entities?

No. He disclaims beneficial ownership of the Yorktown-held METC shares except to the extent of his pecuniary interest, and the filing states that it shall not be deemed an admission of beneficial ownership for Section 16 or any other purpose.

Were Peter A. Leidel’s METC transactions made under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that the September 2, 2026 transactions were executed under a pre-arranged Rule 10b5-1 trading plan.

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SEC Form 4
FORM 4UNITED 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*
LEIDEL PETER A

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock, par value $0.01 per share09/02/2026J(1)1,000,000(2)D$0969,646(2)ISee Footnote(3)
Class A Common Stock, par value $0.01 per share09/02/2026J(1)46,777A$0151,535D
Class A Common Stock, par value $0.01 per share437,247(2)ISee Footnote(4)
Class A Common Stock, par value $0.01 per share2,979,968(2)ISee Footnote(5)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Pro rata distributions from Yorktown Energy Partners X, L.P. ("Yorktown X"), Yorktown X Company LP ("Yorktown X Company") and Yorktown X Associates LLC ("Yorktown X Associates").
2. The reporting person disclaims beneficial ownership of these securities except to the extent of his 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.
3. These securities are owned directly by Yorktown X. The reporting person is a member and manager of Yorktown X Associates, the general partner of Yorktown X Company, the general partner of Yorktown X.
4. These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and a manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.
5. 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/ Peter A. Leidel09/03/2026
** Signature of Reporting PersonDate
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)