[Form 3] Ramaco Resources, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Michael R. Graney filed an Initial Statement of Beneficial Ownership (Form 3) for Ramaco Resources, Inc. The report, covering an event on 09/15/2025, shows Mr. Graney is identified as a Director and reports no securities beneficially owned in the issuer. The filing lists his business address in Lexington, KY, and is signed on behalf of the reporting person by an attorney-in-fact, Tyler Adkins, dated 09/23/2025. This Form 3 notifies investors and regulators of the initial Section 16 reporting obligation while indicating there are currently no direct or indirect holdings to disclose.

Positive

• Form 3 filed for initial Section 16 disclosure, meeting regulatory reporting obligations
• No beneficial ownership reported, which reduces potential immediate conflicts of interest tied to share holdings

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Initial Form 3 filed by a director reports no beneficial ownership; procedural disclosure, limited governance impact.

This filing establishes the director's initial Section 16 submission and documents the absence of direct or indirect holdings in the company as of the event date. For governance, a director with no reported equity stake reduces potential conflicts of interest tied to share ownership, but also means no alignment via equity incentives is disclosed here. The filing is routine and procedural; it does not report grants, options, or other compensatory arrangements.

Securities Analyst

TL;DR: Routine disclosure; no material securities or derivative positions reported, so no immediate investor-impacting changes.

From a securities-compliance standpoint, the Form 3 satisfies the requirement to disclose an initial Section 16 filing for a director. The explicit statement that "No securities are beneficially owned" means there are no reportable equity positions, options, or warrants listed on this form. This is non-material for valuation or market expectations because it contains no transactional or financial data.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Graney Michael R

(Last) (First) (Middle)

250 W. MAIN STREET, SUITE 1900

(Street)

LEXINGTON KY 40507

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2025

3. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [ METC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Tyler Adkins, Attorney-in-Fact	09/23/2025
	** 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 5 (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 does the Form 3 filed for Ramaco Resources (METC) report?

The Form 3 reports that Michael R. Graney, identified as a Director, does not beneficially own any securities of the issuer as of the event date.

When is the event date and filing/signature date on the Form 3?

The event requiring the statement is 09/15/2025 and the form is signed by an attorney-in-fact on 09/23/2025.

What is the reporting person's relationship to the issuer?

The filing identifies the reporting person as a Director of Ramaco Resources, Inc.

Does the Form 3 list any derivative securities, options, or holdings?

No. The filing explicitly states: No securities are beneficially owned and contains no entries for derivative or non-derivative holdings.

Where is the reporting person's address listed?

The address shown on the form is 250 W. Main Street, Suite 1900, Lexington, KY 40507.