Ramaco Resources (METC) awards RSUs and PSUs to chief commercial officer

Rhea-AI Filing Summary

Fannin Jason Todd reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources, Inc. granted equity awards to its Chief Commercial Officer, Jason Todd Fannin. On February 24, 2026, he received 32,035 restricted stock units under the 2017 Long-Term Incentive Plan, vesting in three equal annual installments starting January 31, 2027.

He was also granted 32,035 performance stock units for a performance period from January 1, 2026 to December 31, 2028. These units will vest based on Compensation Committee certification of pre-set performance targets, with potential achievement ranging from 0% to 200% of the granted amount. Each unit in both grants represents a contingent right to 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

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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^*

Fannin Jason Todd

(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)
	CHIEF COMMERCIAL OFFICER

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		32,035		(1)	(1)	Class A common stock	32,035	$0	32,035	D
Performance Stock Units	$0(3)(4)	02/24/2026		A		32,035		(3)	(3)	Class A common stock	32,035	$0	32,035	D

Explanation of Responses:

1. On February 24, 2026, the Reporting Person received a restricted stock unit grant of 32,035 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 32,035 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 equity awards did Ramaco Resources (METC) grant to its Chief Commercial Officer?

Ramaco Resources granted Jason Todd Fannin 32,035 restricted stock units and 32,035 performance stock units. Both awards were made under the company’s 2017 Long-Term Incentive Plan as part of his compensation package and are settled in Class A common stock upon vesting conditions being met.

How do the restricted stock units granted by Ramaco Resources (METC) vest?

The 32,035 restricted stock units vest in three equal annual installments beginning January 31, 2027. This means the executive receives one-third of the units each year over three years, encouraging longer-term retention and alignment with shareholder interests through ongoing service-based vesting.

What are the performance conditions on Ramaco Resources (METC) performance stock units?

The 32,035 performance stock units cover a period from January 1, 2026 to December 31, 2028. Vesting depends on Compensation Committee certification of achievement against pre-established performance targets, with payout ranging from 0% to 200% of the granted units based on actual results.

What does each Ramaco Resources (METC) restricted or performance stock unit represent?

Each restricted stock unit and each performance stock unit represents a contingent right to receive one share of Ramaco Resources Class A common stock. Shares are only delivered if the applicable time-based or performance-based vesting conditions disclosed in the grant terms are satisfied.

Is the Ramaco Resources (METC) Form 4 transaction a purchase or a compensation grant?

The Form 4 reflects compensation grants, not open-market purchases. Jason Todd Fannin acquired 32,035 restricted stock units and 32,035 performance stock units at a stated price of zero, consistent with equity awards granted by the company under its 2017 Long-Term Incentive Plan.