Ramaco Resources (METC) director reports RSU vesting and tax share surrenders

Rhea-AI Filing Summary

Ramaco Resources director and secretary Evan H. Jenkins reported routine equity compensation activity on January 30, 2026. Restricted stock units and related dividend equivalent units vested, resulting in the acquisition of 4,400 shares of Class A common stock and 108 shares of Class B common stock at an exercise price of $0. To cover tax obligations, 1,533 Class A shares were withheld at $19.97 and 34 Class B shares at $12.43, along with an additional 1,391 Class A shares tied to earlier grants.

After these transactions, Jenkins directly owned 23,323.782 shares of Class A common stock and 959 shares of Class B common stock, plus 8,800 restricted stock units, each convertible into one Class A share. The filing also clarifies a prior Form 4, correcting a February 2025 restricted stock unit award to 13,200 units, with two annual installments remaining.

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^*

Jenkins Evan H

(Last) (First) (Middle)

250 W. MAIN STREET

SUITE 1900

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
Class A common stock	01/30/2026		F(1)		1,533	D	$19.97	20,314.782	D
Class A common stock	01/30/2026		M(2)		4,400	A	$0	24,714.782	D
Class A common stock	01/30/2026		F(3)		1,391	D	$19.97	23,323.782	D
Class B common stock	01/30/2026		M(5)		108	A	$0	993(4)	D
Class B common stock	01/30/2026		F(6)		34	D	$12.43	959	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
Restricted Stock Units	$0(7)	01/30/2026		M(2)			4,400	(2)	(2)	Class A common stock	4,400	$0	8,800(8)	D
Dividend Equivalent Units	$0(5)	01/30/2026		M			108	(5)	(5)	Class B common stock	108	$0	0	D

Explanation of Responses:

1. On February 12, 2024, the Reporting Person received a restricted stock grant of 14,552 shares (the "February Grant") under the Ramaco Resources, Inc. 's (the "Company") 2017 Long Term Incentive Plan. The second of three annual installments under the February Grant vested on January 30, 2026. Amount reflects shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.

2. The first installment of restricted stock units granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 31, 2025. Two annual installments remain from this grant.

3. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.

4. As a result of the four stock dividends paid in Class B common stock 1) declared on December 5, 2024 and paid on March 14, 2025, 2) declared on March 17, 2025 and paid on June 13, 2025, 3) declared on August 22, 2025 and paid on September 19, 2025, and 4) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 562 shares of Class B common Stock, which are included in the reported amount.

5. Dividend equivalent units underlying the first tranche of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnote 4 for further detail.

6. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 29, 2026.

7. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.

8. The reporting person's February 25, 2025 Form 4 related to the Reporting Person's February 24, 2025 grant of restricted stock units incorrectly listed his award as 39,599 restricted stock units. The correct award was 13,200 restricted stock units. The listed amount reflects the number of restricted stock units remaining to vest in the next two annual installments.

Remarks:

	/s/ Jonathan T Adkins, Attorney in Fact	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Evan H. Jenkins report at Ramaco Resources (METC)?

Evan H. Jenkins reported vesting of restricted stock units and dividend equivalent units on January 30, 2026. He acquired 4,400 Class A and 108 Class B shares, while some shares were withheld to satisfy tax obligations, reflecting routine equity compensation activity under Ramaco Resources’ long-term incentive plan.

How many Ramaco Resources Class A and Class B shares does Jenkins own after these transactions?

After the reported transactions, Jenkins directly owned 23,323.782 shares of Ramaco Resources Class A common stock and 959 shares of Class B common stock. These holdings reflect the net result of vested shares received and shares surrendered to cover tax obligations associated with the vesting events on January 30, 2026.

How many restricted stock units does Jenkins still hold at Ramaco Resources (METC)?

Jenkins beneficially owned 8,800 restricted stock units after the transactions. Each unit represents a contingent right to receive one share of Ramaco Resources’ Class A common stock, with the amount reflecting the units remaining to vest in the next two annual installments under earlier grants.

Why were some Ramaco Resources shares surrendered in Jenkins’ Form 4 filing?

Certain Class A and Class B shares were surrendered upon vesting to satisfy tax obligations. The number of surrendered shares was calculated using the closing prices of Ramaco Resources’ Class A and Class B common stock on January 29, 2026, as described in the footnotes to the Form 4 filing.

What correction to a prior restricted stock unit award did the Ramaco Resources Form 4 disclose?

The Form 4 explains that a February 25, 2025 filing incorrectly stated a restricted stock unit award as 39,599 units. The correct award was 13,200 restricted stock units, and the amount now reported reflects units remaining to vest in two future annual installments for Jenkins.

How did Ramaco Resources Class B stock dividends affect Jenkins’ holdings?

Footnotes state Jenkins received 562 Class B shares from four stock dividends declared between December 2024 and November 2025 and paid between March and December 2025. These dividend shares are included within the reported Class B common stock amount shown in the current Form 4 filing.