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Ramaco director shifts 1M-share Yorktown stake

Ramaco Resources, Inc. (METC) director Peter A. Leidel reported a restructuring of his holdings in Class A common stock on August 25, 2026.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ramaco Resources, Inc. (METC) director Peter A. Leidel reported a restructuring of his holdings in Class A common stock on August 25, 2026. An affiliated Yorktown fund group made pro rata distributions that resulted in the disposition of 1,000,000 shares held indirectly through Yorktown IX entities and the acquisition of 8,571 shares in Leidel’s direct ownership, leaving him with 104,758 shares held directly. The transactions were coded as "J" (other acquisition or disposition), involved no stated per-share price, and include footnote disclaimers that Leidel only has a pecuniary interest in certain Yorktown‑related positions.

Positive

  • None.

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 8,571 $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 — 5,386,861 shares (Indirect, See Footnote); Class A Common Stock, par value $0.01 per share — 104,758 shares (Direct)
Footnotes (5)
  1. F1. Pro rata distributions from Yorktown Energy Partners IX, L.P. ("Yorktown IX"), Yorktown IX Company LP ("Yorktown IX Company") and Yorktown IX Associates LLC ("Yorktown IX Associates").
  2. F2. 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.
  3. F3. These securities are owned directly by Yorktown IX. The reporting person is a member and manager of Yorktown IX Associates, the general partner of Yorktown IX Company, the general partner of Yorktown IX.
  4. F4. 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.
  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 disposed 1,000,000 shares of Class A Common Stock Disposition coded "J" on August 25, 2026 via Yorktown IX pro rata distributions
Shares acquired directly 8,571 shares of Class A Common Stock Acquisition coded "J" on August 25, 2026 into direct ownership
Direct holdings after transaction 104,758 shares of Class A Common Stock Direct ownership of Peter A. Leidel following the 8,571‑share acquisition
Restructuring share total 1,008,571 shares Total shares in restructuring transactions coded "J" in the Form 4
pro rata distributions financial
"Pro rata distributions from Yorktown Energy Partners IX, L.P."
beneficial ownership regulatory
"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 its pecuniary interest therein"
Section 16 regulatory
"beneficial owner of the securities 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 August 25, 2026?

Peter A. Leidel reported a disposition of 1,000,000 METC shares held indirectly through Yorktown IX entities and an acquisition of 8,571 METC shares into his direct ownership, both coded as "J" (other acquisition or disposition) related to pro rata fund distributions.

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

After the August 25, 2026 transactions, Peter A. Leidel directly holds 104,758 shares of Ramaco Resources, Inc. Class A common stock, as reported in the Form 4 for the 8,571‑share acquisition coded "J."

What is the nature of the 1,000,000 METC shares disposed of in the Form 4?

The 1,000,000 shares of METC Class A common stock were disposed of indirectly in connection with pro rata distributions from Yorktown Energy Partners IX, L.P., Yorktown IX Company LP and Yorktown IX Associates LLC, and were reported as an indirect holding of those entities.

Does Peter A. Leidel claim full beneficial ownership of all METC shares linked to the Yorktown entities?

No. A footnote states that the reporting person disclaims beneficial ownership of the Yorktown‑related securities except to the extent of his pecuniary interest, and that the report is not an admission of beneficial ownership for Section 16 or any other purpose.

Were the August 25, 2026 METC insider transactions under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5‑1 checkbox is not checked (aff_10b5_one is false), and the footnotes do not describe any Rule 10b5‑1 plan for these restructuring transactions coded "J."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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)
08/25/2026
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 share08/25/2026J(1)1,000,000(2)D$0437,247(2)ISee Footnote(3)
Class A Common Stock, par value $0.01 per share08/25/2026J(1)8,571A$0104,758D
Class A Common Stock, par value $0.01 per share1,969,646(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 IX, L.P. ("Yorktown IX"), Yorktown IX Company LP ("Yorktown IX Company") and Yorktown IX Associates LLC ("Yorktown IX Associates").
2. 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.
3. These securities are owned directly by Yorktown IX. The reporting person is a member and manager of Yorktown IX Associates, the general partner of Yorktown IX Company, the general partner of Yorktown IX.
4. 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.
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. Leidel08/28/2026
** 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)