Yorktown funds cut Ramaco (METC) holdings with 600,000-share sale

Rhea-AI Filing Summary

Ramaco Resources director-associated entities sold shares in several open-market transactions. Investment funds Yorktown Energy Partners IX, X and XI, which are associated with director Lawrence Bryan H., sold a combined 600,000 shares of Ramaco Class A common stock in open-market trades.

The sales occurred on March 20, 23 and 24, 2026 at weighted average prices around $13.48–$14.00 per share, with individual trades executed within disclosed price ranges. The filing also reports a direct holding of 134,877 shares of Class A common stock. The reporting person disclaims beneficial ownership of the Yorktown fund holdings beyond any pecuniary interest.

Insider Trade Summary

Net Seller: 600,000 shares ($8,202,840)

Net Sell 10 txns

Insider Lawrence Bryan H.

Role Director

Sold 600,000 shs ($8.20M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.01 per share	65,989	$14.0004	$924K
Sale	Class A Common Stock, par value $0.01 per share	53,328	$14.0004	$747K
Sale	Class A Common Stock, par value $0.01 per share	80,683	$14.0004	$1.13M
Sale	Class A Common Stock, par value $0.01 per share	65,989	$13.5327	$893K
Sale	Class A Common Stock, par value $0.01 per share	53,328	$13.5327	$722K
Sale	Class A Common Stock, par value $0.01 per share	80,683	$13.5327	$1.09M
Sale	Class A Common Stock, par value $0.01 per share	65,989	$13.4811	$890K
Sale	Class A Common Stock, par value $0.01 per share	53,328	$13.4811	$719K
Sale	Class A Common Stock, par value $0.01 per share	80,683	$13.4811	$1.09M
holding	Class A Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Class A Common Stock, par value $0.01 per share — 2,628,575 shares (Indirect, See Footnote); Class A Common Stock, par value $0.01 per share — 134,877 shares (Direct)

Footnotes (1)

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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.10 to $14.0977, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.20 to $13.85, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.31 to $14.5711, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. 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. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
03/20/2026

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 A Common Stock, par value $0.01 per share	03/20/2026		S		65,989(1)	D	$13.4811(2)	2,760,553(1)	I	See Footnote(5)
Class A Common Stock, par value $0.01 per share	03/20/2026		S		53,328(1)	D	$13.4811(2)	2,230,926(1)	I	See Footnote(6)
Class A Common Stock, par value $0.01 per share	03/20/2026		S		80,683(1)	D	$13.4811(2)	3,375,267(1)	I	See Footnote(7)
Class A Common Stock, par value $0.01 per share	03/23/2026		S		65,989(1)	D	$13.5327(3)	2,694,564(1)	I	See Footnote(5)
Class A Common Stock, par value $0.01 per share	03/23/2026		S		53,328(1)	D	$13.5327(3)	2,177,598(1)	I	See Footnote(6)
Class A Common Stock, par value $0.01 per share	03/23/2026		S		80,683(1)	D	$13.5327(3)	3,294,584(1)	I	See Footnote(7)
Class A Common Stock, par value $0.01 per share	03/24/2026		S		65,989(1)	D	$14.0004(4)	2,628,575(1)	I	See Footnote(5)
Class A Common Stock, par value $0.01 per share	03/24/2026		S		53,328(1)	D	$14.0004(4)	2,124,270(1)	I	See Footnote(6)
Class A Common Stock, par value $0.01 per share	03/24/2026		S		80,683(1)	D	$14.0004(4)	3,213,901(1)	I	See Footnote(7)
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 $13.10 to $14.0977, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.20 to $13.85, 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 $13.31 to $14.5711, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

5. 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.

6. 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.

7. 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	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Ramaco Resources (METC) disclose in this Form 4?

Funds associated with a Ramaco director sold shares. Yorktown Energy Partners IX, X and XI, linked to director Lawrence Bryan H., executed open-market sales totaling 600,000 shares of Ramaco Class A common stock over March 20–24, 2026.

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

A total of 600,000 shares were sold in open-market trades. The reported weighted average prices were about $13.48 and $14.0004 per share, with actual transaction prices ranging from $13.10 to $14.5711, as detailed in the footnotes.

Who executed the recent Ramaco Resources (METC) share sales reported on Form 4?

The selling holders were Yorktown Energy Partners funds. The shares are owned directly by Yorktown Energy Partners IX, X and XI, L.P. entities. Director Lawrence Bryan H. is a member and manager of the general partners of these funds, which hold the securities.

Does the Ramaco Resources (METC) director claim full beneficial ownership of the sold shares?

No, the director disclaims full beneficial ownership. The filing states the reporting person disclaims beneficial ownership of the Yorktown fund securities except to the extent of any pecuniary interest, and the report is not an admission of beneficial ownership for any purpose.

Over what dates did the Ramaco Resources (METC) insider-related sales occur?

The open-market sales took place across three trading days. Transactions were reported for March 20, 2026, March 23, 2026 and March 24, 2026, with multiple trades on each date contributing to the 600,000-share total.

What Ramaco Resources (METC) holdings remain after these reported transactions?

The filing shows both indirect fund holdings and a direct position. Post-transaction line items reflect continuing indirect positions at the Yorktown funds and a separate direct holding of 134,877 shares of Ramaco Class A common stock reported for the director.