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Ramaco Resources (METC) director receives new stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ramaco Resources director Richard M. Whiting reported equity awards in company stock. He received a grant of 7,688 shares of Class A restricted stock under the 2017 Long Term Incentive Plan, which will vest on January 31, 2027. He also acquired 4,089 shares of Class B common stock through four stock dividends paid in 2025, bringing his holdings to 139,028 Class A shares and 32,471 Class B shares.

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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*
WHITING RICHARD M

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
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
Class A common stock 02/24/2026 A(1) 7,688 A $0 139,028 D
Class B common stock 02/24/2026(2) J(2) 4,089 A (2) 32,471(2) 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. On February 24, 2026, the Reporting Person received a restricted stock grant of 7,688 shares of Class A common stock under the Ramaco Resources, Inc. (the "Company") 2017 Long Term Incentive Plan. The restricted stock will vest on January 31, 2027.
2. As a result of the four common 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 19, 2025 the reporting person received a total of 4,089 shares of Class B common Stock, which are included in the reported amount. The acquisition of such shares was exempt under Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended.
Remarks:
/s/ Jonathan Tyler 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).
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.

FAQ

What insider transactions did Ramaco Resources (METC) director Richard Whiting report?

Richard M. Whiting reported receiving 7,688 shares of Class A restricted stock and 4,089 shares of Class B common stock. The Class B shares came from four stock dividends paid in 2025, all now included in his reported ownership.

How many Ramaco Resources Class A shares does Richard Whiting own after this Form 4?

After the reported restricted stock grant, Richard Whiting owns 139,028 shares of Ramaco Resources Class A common stock. This reflects the 7,688-share award dated February 24, 2026 under the company’s 2017 Long Term Incentive Plan.

When do Richard Whiting’s Ramaco restricted Class A shares vest?

The 7,688 restricted shares of Ramaco Class A common stock granted to Richard Whiting vest on January 31, 2027. Until vesting, they remain subject to the terms of the company’s 2017 Long Term Incentive Plan and any applicable restrictions.

How did Richard Whiting acquire 4,089 shares of Ramaco Class B common stock?

He received 4,089 shares of Class B common stock through four stock dividends paid in 2025. These dividends were declared in December 2024, March 2025, August 2025, and November 2025, and the acquisitions were exempt under Rule 16a-9(a).

What is Richard Whiting’s total Ramaco Class B share ownership after these transactions?

Following the reported transactions, Richard Whiting directly owns 32,471 shares of Ramaco Resources Class B common stock. This total includes 4,089 shares received via four Class B stock dividends paid during 2025, as detailed in the filing footnotes.

Are Richard Whiting’s Ramaco share holdings direct or indirect on this Form 4?

All the reported Class A and Class B Ramaco shares are held directly by Richard Whiting. The Form 4 lists his ownership type as direct for both transactions, without any referenced intermediary entities or indirect ownership structures.
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