Ramaco Resources GC reports RSU vesting, tax share swaps

Ramaco Resources General Counsel Jones Estill Forrest Jr. reported equity award vesting and related tax withholdings.

Rhea-AI Filing Summary

Ramaco Resources General Counsel Jones Estill Forrest Jr. reported equity award vesting and related tax withholdings. On January 30, 2026, 3,100 restricted stock units converted into the same number of Class A shares at $0, and 76 dividend equivalent units converted into Class B shares.

To cover tax obligations upon vesting of prior grants, he surrendered 3,342 and 981 Class A shares at $19.97 per share and 24 Class B shares at $12.43 per share. After these transactions, he beneficially owned 59,364 Class A shares, 12,730 Class B shares, and 6,200 restricted stock units.

Insider Trade Summary

3,176 shares exercised/converted

Exercise 7 txns

Insider Jones Estill Forrest Jr.

Role General Counsel

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,100	$0.00	$0.00
Exercise	Dividend Equivalent Units	76	$0.00	$0.00
Exercise Price or Tax Liability	Class A common stock	3,342	$19.97	$67K
Exercise	Class A common stock	3,100	$0.00	$0.00
Exercise Price or Tax Liability	Class A common stock	981	$19.97	$20K
Exercise	Class B common stock	76	$0.00	$0.00
Exercise Price or Tax Liability	Class B common stock	24	$12.43	$298.32

Holdings After Transaction: Restricted Stock Units — 6,200 contracts (Direct); Dividend Equivalent Units — 0 contracts (Direct); Class A common stock — 59,364 shares (Direct); Class B common stock — 12,730 shares (Direct)

Footnotes (7)

1. F1. On February 24, 2025, the Reporting Person received a restricted stock grant of 10,560 shares (the "February Grant") under the Ramaco Resources, Inc.'s (the "Company") 2017 Long Term Incentive Plan. The full award under the February Grant vested on January 31, 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. F2. The first installment of restricted stock units granted on May 1, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.
3. F3. 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. F4. As a result of the three common stock dividends paid in Class B common stock since the reporting person's last filing 1) declared on March 17, 2025 and paid on June 13, 2025, 2) declared on August 22, 2025 and paid on September 19, 2025, and 3) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 886 shares of Class B common Stock, which are included in the reported amount.
5. F5. 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. F6. 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. F7. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.

FAQ

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What did Ramaco Resources (METC) General Counsel report in this Form 4?

The filing shows the General Counsel had restricted stock units vest and convert into shares, and surrendered shares to cover taxes. It details transactions in Class A and Class B common stock and updates his post-transaction share and restricted stock unit holdings.

How many Ramaco Resources Class A shares did the General Counsel acquire and surrender?

He acquired 3,100 Class A shares from vested restricted stock units and surrendered 3,342 and 981 Class A shares to satisfy tax obligations. These amounts are based on a share price of $19.97 noted in the filing footnotes.

What happened to the General Counsel’s Ramaco Resources Class B common stock?

Dividend equivalent units converted into 76 Class B shares, and he surrendered 24 Class B shares to cover taxes at $12.43 per share. After these transactions, he beneficially owned 12,730 Class B common shares according to the filing.

How many Ramaco Resources shares does the General Counsel own after these transactions?

Following the reported activity, he beneficially owned 59,364 Class A common shares and 12,730 Class B common shares. The filing also shows continuing ownership of 6,200 restricted stock units, each representing a right to one Class A share.

Were the Ramaco Resources share surrenders open-market sales by the General Counsel?

The filing states the surrendered Class A and Class B shares were used to satisfy tax obligations upon vesting. Footnotes explain the share amounts were calculated using closing prices of the relevant stock on January 29, 2026, rather than discretionary market sales.

What do the restricted stock units in the Ramaco Resources Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Ramaco Resources Class A common stock. The filing notes that 3,100 units vested on January 30, 2026, and that two annual installments remain from the May 1, 2025 grant.

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Accepted by SEC EDGAR 02/02/2026 - 04:10 PM Learn about SEC filing dates

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^*

Jones Estill Forrest Jr.

(Last) (First) (Middle)

1331 TURLEY ROAD

(Street)

CHARLESTON WV 25314

(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)
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)		3,342	D	$19.97	57,245	D
Class A common stock	01/30/2026		M(2)		3,100	A	$0	60,345	D
Class A common stock	01/30/2026		F(3)		981	D	$19.97	59,364	D
Class B common stock	01/30/2026		M(5)		76	A	$0	12,754(4)	D
Class B common stock	01/30/2026		F(6)		24	D	$12.43	12,730	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	(7)	01/30/2026		M(2)			3,100	(2)	(2)	Class A common stock	3,100	$0	6,200	D
Dividend Equivalent Units	(5)	01/30/2026		M			76	(5)	(5)	Class B common stock	76	$0	0	D

Explanation of Responses:

1. On February 24, 2025, the Reporting Person received a restricted stock grant of 10,560 shares (the "February Grant") under the Ramaco Resources, Inc.'s (the "Company") 2017 Long Term Incentive Plan. The full award under the February Grant vested on January 31, 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 May 1, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. 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 three common stock dividends paid in Class B common stock since the reporting person's last filing 1) declared on March 17, 2025 and paid on June 13, 2025, 2) declared on August 22, 2025 and paid on September 19, 2025, and 3) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 886 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.

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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