Yorktown funds cut Ramaco Resources (NASDAQ: METC) Class B stake with 52K-share sales

Rhea-AI Filing Summary

Ramaco Resources, Inc. major stockholders Yorktown funds updated their ownership and recent trades in Class B Common Stock. As of late March and April 2026, Yorktown Energy Partners IX, X and XI report holdings of 1,233,952, 826,611 and 1,250,613 Class B shares, representing 11.06%, 7.41% and 11.21% of this class, based on 11,155,785 shares outstanding as of February 25, 2026. The amendment also notes that the funds received additional Class B shares as payment-in-kind dividends during 2024–2026 and that from March 24 to March 30, 2026 they collectively sold 52,410 Class B shares in a series of open-market transactions at weighted average prices between $10.3381 and $11.5756 per share. Each Yorktown entity continues to disclaim beneficial ownership beyond its pecuniary interest.

Key Figures

Yorktown IX holdings: 1,233,952 Class B shares Yorktown X holdings: 826,611 Class B shares Yorktown XI holdings: 1,250,613 Class B shares +4 more

7 metrics

Yorktown IX holdings 1,233,952 Class B shares Beneficial ownership, 11.06% of Class B as of April 1, 2026

Yorktown X holdings 826,611 Class B shares Beneficial ownership, 7.41% of Class B as of March 30, 2026

Yorktown XI holdings 1,250,613 Class B shares Beneficial ownership, 11.21% of Class B as of March 30, 2026

Shares outstanding baseline 11,155,785 Class B shares Shares outstanding as of February 25, 2026 per Form 10-K

Aggregate shares sold 52,410 Class B shares Open-market sales by Yorktown IX, X and XI from March 24–30, 2026

Highest weighted average sale price $11.5756 per share March 24, 2026 open-market sales

Lowest weighted average sale price $10.3381 per share March 30, 2026 open-market sales

Key Terms

Schedule 13D, payment-in-kind dividends, beneficially owns, open market sales, +2 more

6 terms

Schedule 13D regulatory

"This Amendment No. 2 amends the with respect to the shares of Class B common stock"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

payment-in-kind dividends financial

"The Reporting Persons, received Class B Common Stock as payment-in-kind dividends with respect to its Class B Common Stock"

beneficially owns financial

"As of April 1, 2026 each of Yorktown IX, Yorktown IX Co and Yorktown IX Associates beneficially owns an aggregate of 1,233,952 shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

open market sales financial

"collectively sold an aggregate 52,410 shares of Class B Common Stock of the Issuer in a series of open market sales"

weighted average price financial

"This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

pecuniary interest financial

"disclaims beneficial ownership of the reported Class B Common Stock except to the extent of such Reporting Person's pecuniary interest therein"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Ramaco Resources, Inc.

(Name of Issuer)

Class B Common Stock, par value $0.01 per share

(Title of Class of Securities)

75134P303

(CUSIP Number)

Bryan H. Lawrence
Yorktown Partners LLC, 410 Park Avenue, 20th Floor
New York, NY, 10022
(212) 515-2112

Jesse E. Betts
Willkie Farr & Gallagher LLP, 2828 Routh Street
Dallas, TX, 75201
(214) 233-4537

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown Energy Partners IX, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,233,952.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,233,952.00

11

Aggregate amount beneficially owned by each reporting person

1,233,952.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.06 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B common stock, par value $0.01 per share ("Class B Common Stock") of Ramaco Resources, Inc. (the "Issuer") outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the Securities and Exchange Commission ("SEC") on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown IX Company LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,233,952.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,233,952.00

11

Aggregate amount beneficially owned by each reporting person

1,233,952.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.06 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners IX, L.P. Yorktown IX Company LP is the sole general partner of Yorktown Energy Partners IX, L.P. As a result, Yorktown IX Company LP may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners IX L.P. Yorktown IX Company LP disclaims beneficial ownership of the securities owned by Yorktown Energy Partners IX, L.P. in excess of its pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown IX Associates LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO, SC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,233,952.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,233,952.00

11

Aggregate amount beneficially owned by each reporting person

1,233,952.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.06 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners IX, L.P. Yorktown IX Company LP is the sole general partner of Yorktown Energy Partners IX, L.P. and Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP. As a result, Yorktown IX Associates LLC may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners IX, L.P. Yorktown IX Company LP and Yorktown IX Associates LLC disclaim beneficial ownership of the securities owned by Yorktown Energy Partners IX, L.P. in excess of their pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown Energy Partners X, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 826,611.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 826,611.00

11

Aggregate amount beneficially owned by each reporting person

826,611.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.41 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B common stock, par value $0.01 per share ("Class B Common Stock") of Ramaco Resources, Inc. (the "Issuer") outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the Securities and Exchange Commission ("SEC") on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown X Company LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 826,611.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 826,611.00

11

Aggregate amount beneficially owned by each reporting person

826,611.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.41 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners X, L.P. Yorktown X Company LP is the sole general partner of Yorktown Energy Partners X, L.P. As a result, Yorktown X Company LP may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners X, L.P. Yorktown X Company LP disclaims beneficial ownership of the securities owned by Yorktown Energy Partners X, L.P. in excess of its pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown X Associates LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 826,611.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 826,611.00

11

Aggregate amount beneficially owned by each reporting person

826,611.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.41 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners X, L.P. Yorktown X Company LP is the sole general partner of Yorktown Energy Partners X, L.P. and Yorktown X Associates LLC is the sole general partner of Yorktown X Company LP. As a result, Yorktown X Associates LLC may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners X, L.P. Yorktown X Company LP and Yorktown X Associates LLC disclaim beneficial ownership of the securities owned by Yorktown Energy Partners X, L.P. in excess of their pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown Energy Partners XI, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,250,613.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,250,613.00

11

Aggregate amount beneficially owned by each reporting person

1,250,613.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.21 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B common stock, par value $0.01 per share ("Class B Common Stock") of Ramaco Resources, Inc. (the "Issuer") outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the Securities and Exchange Commission ("SEC") on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown XI Company LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,250,613.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,250,613.00

11

Aggregate amount beneficially owned by each reporting person

1,250,613.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.21 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners XI, L.P. Yorktown XI Company LP is the sole general partner of Yorktown Energy Partners XI, L.P. As a result, Yorktown XI Company LP may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners XI, L.P. Yorktown XI Company LP disclaims beneficial ownership of the securities owned by Yorktown Energy Partners XI, L.P. in excess of its pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

CUSIP Number(s): 75134P303

1

Name of reporting person

Yorktown XI Associates LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,250,613.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,250,613.00

11

Aggregate amount beneficially owned by each reporting person

1,250,613.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.21 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) These securities are directly held by Yorktown Energy Partners XI, L.P. Yorktown XI Company LP is the sole general partner of Yorktown Energy Partners XI, L.P. and Yorktown XI Associates LLC is the sole general partner of Yorktown XI Company LP. As a result, Yorktown XI Associates LLC may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners XI, L.P. Yorktown XI Company LP and Yorktown XI Associates LLC disclaim beneficial ownership of the securities owned by Yorktown Energy Partners XI, L.P. in excess of their pecuniary interests therein. (2) The percent of class represented by the amount in Row (11) is based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class B Common Stock, par value $0.01 per share
(b)	Name of Issuer: Ramaco Resources, Inc.
(c)	Address of Issuer's Principal Executive Offices: 250 West Main Street, Suite 1900, Lexington, KENTUCKY , 40507.
Item 1 Comment: This Amendment No. 2 amends the Schedule 13D with respect to the shares of Class B common stock, par value $0.01 per share ("Class B Common Stock"), of Ramaco Resources, Inc., a Delaware corporation (the "Issuer"), previously filed by Yorktown Energy Partners IX, L.P., a Delaware limited partnership ("Yorktown IX"), Yorktown IX Company LP, a Delaware limited partnership ("Yorktown IX Co"), and Yorktown IX Associates LLC, a Delaware limited liability company ("Yorktown IX Associates"), Yorktown Energy Partners X, L.P., a Delaware limited partnership ("Yorktown X"), Yorktown X Company LP, a Delaware limited partnership ("Yorktown X Co"), and Yorktown X Associates LLC, a Delaware limited liability company ("Yorktown X Associates"), Yorktown Energy Partners XI, L.P., a Delaware limited partnership ("Yorktown XI"), Yorktown XI Company LP, a Delaware limited partnership ("Yorktown XI Co"), and Yorktown XI Associates LLC, a Delaware limited liability company ("Yorktown XI Associates" and together with Yorktown IX, Yorktown IX Co, Yorktown IX Associates, Yorktown X, Yorktown X Co, Yorktown X Associates, Yorktown XI and Yorktown XI Co, the "Reporting Persons") with the SEC on July 3, 2023, as amended by Amendment No. 1 thereto filed with the SEC on December 11, 2023 (the "Schedule 13D"),. Capitalized terms used herein without definition shall have the meanings given to such terms in the Schedule 13D. This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.
Item 4.	Purpose of Transaction
	Item 4(a) is supplemented by adding the following: The Reporting Persons, received Class B Common Stock as payment-in-kind dividends with respect to its Class B Common Stock as follows: Yorktown IX: December 2024 - 92,735, March 2025 - 61,746, June 2025 - 33,629, September 2025 - 14,433, December 2025 - 17,530, and March 2026 - 17,635. Yorktown X: December 2024 - 61,050, March 2025 - 49,659, June 2025 - 27,033, September 2025 - 9,667, December 2025 - 11,744, and March 2026 - 11,818. Yorktown XI: December4 2024 - 92,366, March 2025 - 75,131, June 2025 -40,900, September 2025 - 14,626, December 2025 - 17,768, and March 2026 - 17,881.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated in its entirety by the following: As of April 1, 2026 each of Yorktown IX, Yorktown IX Co and Yorktown IX Associates beneficially owns an aggregate of 1,233,952 shares of Class B Common Stock of the Issuer, representing 11.06% of the outstanding Class B Common Stock of the Issuer. As of March 30, 2026, each of Yorktown X, Yorktown X Co, and Yorktown X Associates beneficially owns 826,611 shares of Class B Common Stock of the Issuer, representing 7.41% of the outstanding Class B Common Stock of the Issuer. As of March 30, 2026, each of Yorktown XI, Yorktown XI Co, and Yorktown XI Associates beneficially owns 1,250,613 shares of Class B Common Stock of the Issuer, representing 11.21% of the outstanding Class B Common Stock of the Issuer (based on 11,155,785 shares of Class B Common Stock of the Issuer outstanding as of February 25, 2026, as reported in the Issuer's Form 10-K, filed with the SEC on February 26, 2026). Each Reporting Person disclaims beneficial ownership of the reported Class B Common Stock except to the extent of such Reporting Person's pecuniary interest therein, and this statement shall not be deemed an admission that such Reporting Person is the beneficial owner of the reported Class B Common Stock for the purposes of Section 13(d) of the Exchange Act or any other purpose. Stock for the purposes of Section 13(d) of the Exchange Act or any other purpose.
(b)	Item 5(b) is hereby amended and restated in its entirety by the following: As of April 1, 2026, Yorktown Energy Partners IX, L.P. directly owns 1,233,952 shares of Class B Common Stock of the Issuer. Yorktown IX Company LP is the sole general partner of Yorktown Energy Partners IX, L.P. Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP. Yorktown IX Associates LLC has the sole power to cause Yorktown IX Company LP to cause Yorktown Energy Partners IX, L.P. to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners IX, L.P. As of April 1, 2026, Yorktown Energy Partners IX, L.P. directly owns 826,611 shares of Class B Common Stock of the Issuer. Yorktown IX Company LP is the sole general partner of Yorktown Energy Partners IX, L.P. Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP. Yorktown IX Associates LLC has the sole power to cause Yorktown IX Company LP to cause Yorktown Energy Partners IX, L.P. to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners IX, L.P. As of April 1, 2026, Yorktown Energy Partners IX, L.P. directly owns 1,250,613 shares of Class B Common Stock of the Issuer. Yorktown IX Company LP is the sole general partner of Yorktown Energy Partners IX, L.P. Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP. Yorktown IX Associates LLC has the sole power to cause Yorktown IX Company LP to cause Yorktown Energy Partners IX, L.P. to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown Energy Partners IX, L.P. Each Reporting Person disclaims beneficial ownership of the reported Class B Common Stock except to the extent of such Reporting Person's pecuniary interest therein, and this statement shall not be deemed an admission that such Reporting Person is the beneficial owner of the reported Class B Common Stock for the purposes of Section 13(d) of the Exchange Act or any other purpose.
(c)	Item 5(c) is hereby amended and restated in its entirety by the following: From March 24, 2026 through March 30, 2026, Yorktown IX, Yorktown X and Yorktown XI collectively sold an aggregate 52,410 shares of Class B Common Stock of the Issuer in a series of open market sales. Except as disclosed in the table below, there have been no transactions in the shares of Class B Common Stock by the Reporting Persons in the last 60 days. Date of Sale Number of Shares Weighted Average Price Per Share March 24, 2026 8,103 $11.5756 (1) March 25, 2026 10,258 $11.2376 (2) March 26, 2026 6,343 $10.7833 (3) March 27, 2026 21,625 $10.9327 (4) March 30, 2026 6,081 $10.3381 (5) 1. This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions at prices ranging from $11.20 to $11.91, inclusive. The Reporting Persons undertake to provide to 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 ranges set forth in footnotes (1), (2), (3), (4), and (5), herein. 2. This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions at prices ranging from $11.00 to $11.92, inclusive. 3. This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions at prices ranging from $10.50 to $11.325, inclusive. 4. This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions at prices ranging from 10.55 to $11.285, inclusive. 5. This price is a weighted average price. These shares of Class B Common Stock were sold in multiple transactions at prices ranging from 10.06 to $10.6975, inclusive.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Yorktown Energy Partners IX, L.P.

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner of the general partner
Date:	04/01/2026

Yorktown IX Company LP

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

Yorktown IX Associates LLC

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

Yorktown Energy Partners X, L.P.

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner of the general partner
Date:	04/01/2026

Yorktown X Company LP

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

Yorktown X Associates LLC

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

Yorktown Energy Partners XI, L.P.

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner of the general partner
Date:	04/01/2026

Yorktown XI Company LP

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

Yorktown XI Associates LLC

Signature:	/s/ Bryan H Lawrence
Name/Title:	Managing Member of the general partner
Date:	04/01/2026

FAQ

What ownership stakes do Yorktown funds report in Ramaco Resources (METC) Class B shares?

Yorktown IX, X and XI report holding 1,233,952, 826,611 and 1,250,613 Class B shares, respectively. These positions represent 11.06%, 7.41% and 11.21% of the Class B Common Stock based on 11,155,785 shares outstanding as of February 25, 2026.

How many Ramaco Resources (METC) shares did Yorktown sell in March 2026?

From March 24 to March 30, 2026, Yorktown IX, X and XI collectively sold 52,410 Class B Common shares in open-market transactions. The weighted average sale prices ranged from about $10.34 to $11.58 per share across the disclosed trading days.

What percentages of Ramaco Resources (METC) Class B stock do Yorktown entities own?

Yorktown Energy Partners IX, X and XI report beneficial ownership of 11.06%, 7.41% and 11.21% of Ramaco’s Class B Common Stock. These percentages are calculated using 11,155,785 Class B shares outstanding as reported in Ramaco’s Form 10-K dated February 26, 2026.

How did Yorktown’s Ramaco (METC) holdings change through payment-in-kind dividends?

The Yorktown funds received additional Class B shares as payment-in-kind dividends on multiple quarterly dates from December 2024 through March 2026. Each fund lists specific quarterly share amounts, increasing their holdings without cash outlay during this period.

What prices did Yorktown receive for Ramaco (METC) shares sold in late March 2026?

Weighted average sale prices per share were $11.5756 on March 24, $11.2376 on March 25, $10.7833 on March 26, $10.9327 on March 27 and $10.3381 on March 30, 2026. Each day’s price reflects multiple trades within stated ranges.