Yorktown funds trim Ramaco Resources (METC) stake with 424K-share sale

Rhea-AI Filing Summary

Ramaco Resources director-affiliated funds reported significant insider sales of Class A and Class B common stock. Investment entities Yorktown Energy Partners IX, X and XI, which are associated with director Lawrence Bryan H., sold a combined 424,704 shares in open-market transactions from March 24–26.

The trades involved both Class A and Class B shares at weighted-average prices ranging from about $10.78 to $14.06 per share. Following these sales, the Yorktown funds still hold multi-million-share indirect positions in Ramaco Resources, and Lawrence Bryan H. disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Insights

Equity ownership and insider-trading analyst

Yorktown funds sold 424,704 Ramaco shares but retain large positions.

Entities Yorktown Energy Partners IX, X and XI, which are associated with Ramaco Resources director Lawrence Bryan H., executed a series of open-market sales totaling 424,704 Class A and Class B shares at weighted-average prices between $10.7833 and $14.0605 per share.

The filing shows these are indirect holdings, with Lawrence Bryan H. disclaiming beneficial ownership beyond his pecuniary interest. Post-transaction entries indicate the Yorktown funds continue to hold seven-figure share balances in Ramaco Resources, suggesting these trades represent partial position trims rather than a full exit.

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

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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^*

Lawrence Bryan H.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		S		3,020(1)	D	$11.5756(2)	1,232,829(1)(7)	I	See Footnote(10)
Class B Common Stock, par value $0.01 per share	03/24/2026		S		2,023(1)	D	$11.5756(2)	825,853(1)(8)	I	See Footnote(11)
Class B Common Stock, par value $0.01 per share	03/24/2026		S		3,060(1)	D	$11.5756(2)	1,249,467(1)(9)	I	See Footnote(12)
Class B Common Stock, par value $0.01 per share	03/25/2026		S		3,823(1)	D	$11.2376(3)	1,229,006(1)	I	See Footnote(10)
Class B Common Stock, par value $0.01 per share	03/25/2026		S		2,561(1)	D	$11.2376(3)	823,292(1)	I	See Footnote(11)
Class B Common Stock, par value $0.01 per share	03/25/2026		S		3,874(1)	D	$11.2376(3)	1,245,593(1)	I	See Footnote(12)
Class B Common Stock, par value $0.01 per share	03/26/2026		S		2,364(1)	D	$10.7833(4)	1,226,642(1)	I	See Footnote(10)
Class B Common Stock, par value $0.01 per share	03/26/2026		S		1,583(1)	D	$10.7833(4)	821,709(1)	I	See Footnote(11)
Class B Common Stock, par value $0.01 per share	03/26/2026		S		2,396(1)	D	$10.7833(4)	1,243,197(1)	I	See Footnote(12)
Class A Common Stock, par value $0.01 per share	03/25/2026		S		65,989(1)	D	$14.0605(5)	2,562,586(1)	I	See Footnote(10)
Class A Common Stock, par value $0.01 per share	03/25/2026		S		53,328(1)	D	$14.0605(5)	2,070,942(1)	I	See Footnote(11)
Class A Common Stock, par value $0.01 per share	03/25/2026		S		80,683(1)	D	$14.0605(5)	3,133,218(1)	I	See Footnote(12)
Class A Common Stock, par value $0.01 per share	03/26/2026		S		65,989(1)	D	$13.6721(6)	2,496,597(1)	I	See Footnote(10)
Class A Common Stock, par value $0.01 per share	03/26/2026		S		53,328(1)	D	$13.6721(6)	2,017,614(1)	I	See Footnote(11)
Class A Common Stock, par value $0.01 per share	03/26/2026		S		80,683(1)	D	$13.6721(6)	3,052,535(1)	I	See Footnote(12)
Class A Common Stock, par value $0.01 per share								134,877	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

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 $11.20 to $11.91, 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), (3), (4), (5) and (6).

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.92, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $11.325, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.80 to $14.35, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.335 to $14.04, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

7. Reflects 220,074 shares of common stock received by the reporting person as payment-in-kind dividends on Series A Preferred Stock and Series B Preferred Stock exempt from reporting under Rule 16a-9(a).

8. Reflects 159,153 shares of common stock received by the reporting person as payment-in-kind dividends on Series A Preferred Stock and Series B Preferred Stock exempt from reporting under Rule 16a-9(a).

9. Reflects 240,791 shares of common stock received by the reporting person as payment-in-kind dividends on Series A Preferred Stock and Series B Preferred Stock exempt from reporting under Rule 16a-9(a).

10. These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the General Partner of Yorktown IX.

11. 11 These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the General Partner of Yorktown X.

12. 12 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/ Bryan H Lawrence	03/26/2026
	** 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 transactions did METC report for Lawrence Bryan H. and related entities?

The filing shows entities associated with director Lawrence Bryan H. sold 424,704 Ramaco Resources shares in open-market trades. These sales covered both Class A and Class B common stock and were executed over March 24–26 at various weighted-average prices.

Which Ramaco Resources (METC) securities were sold in this Form 4?

The trades involved Ramaco Resources Class A and Class B common stock, each with a par value of $0.01 per share. All reported transactions were non-derivative open-market sales by investment partnerships associated with the director, rather than option exercises or other derivative conversions.

How many Ramaco Resources (METC) shares were sold and at what prices?

The filing reports 424,704 shares sold in total across 15 transactions. Weighted-average sale prices ranged from about $10.7833 to $14.0605 per share, with detailed price ranges for each trade series described in the accompanying footnotes.

Who actually owns the METC shares involved in these transactions?

The shares are owned directly by Yorktown Energy Partners IX, X and XI limited partnerships. Lawrence Bryan H. is a member and manager of their general partner entities and expressly disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Does Lawrence Bryan H. still have exposure to Ramaco Resources (METC) after these sales?

Yes. Post-transaction holdings reported for the Yorktown partnerships show remaining multi-million-share indirect positions in Ramaco Resources. These entries indicate that, despite the 424,704 shares sold, the affiliated funds continue to hold substantial stakes in the company.

Were any derivative securities or options reported in this METC Form 4?

No derivative transactions were reported in this Form 4. The derivative section shows no remaining derivative positions or option exercises, and all 15 reported trades relate solely to non-derivative common stock in open-market sales.