Ramaco Resources, Inc. 8.375% Senior Notes due 2029 Form 4 Filings

Ramaco Resources, Inc. (METC) director Lawrence Bryan H. reported restructuring-related movements in Class A Common Stock on September 2, 2026. Entities associated with him made pro rata distributions of 1,000,000 shares, reported as an indirect disposition, and he acquired 88,135 shares directly, bringing his direct holdings to 253,689 shares. The indirectly held shares are owned by Yorktown Energy Partners funds (including Yorktown IX, X and XI), and he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Ramaco Resources, Inc. (METC) director Lawrence Bryan H. reported a restructuring of his economic exposure to the company’s Class A common stock. On 2026-08-25, entities associated with him made pro rata distributions of 1,000,000 shares held indirectly through Yorktown IX-related investment partnerships. The same day, he acquired 13,634 shares of Class A common stock in a Form 4 code J transaction, resulting in direct holdings of 165,554 shares. The filing notes that certain shares are owned directly by Yorktown IX, Yorktown X, and Yorktown XI funds, and he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.

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.

Ramaco Resources, Inc. insider entities associated with Discovery Capital reported a sale of 500,000 shares of Class A Common Stock on 2026-08-06 at $9.57 per share. After this indirect sale through Discovery Global Opportunity Master Fund, Ltd., the reporting group states holdings of 4,811,360 shares. The securities are held in the fund’s account and may be deemed beneficially owned by Discovery Capital Management, LLC and Robert K. Citrone, who each disclaim beneficial ownership except to the extent of any pecuniary interest.

Ramaco Resources director Lawrence Bryan reported entity-level changes in his indirect holdings of Class A Common Stock in connection with pro rata distributions from several Yorktown investment funds. The filing shows restructuring-type transactions with no stated purchase or sale price and no open-market trades.

One transaction reclassified 17,043 shares of Class A Common Stock into Bryan’s direct ownership, bringing his directly held shares to 151,920. Another transaction involved 1,000,000 shares held indirectly, after which one indirect position stood at 1,437,247 shares. Additional indirect holdings total 2,979,968 and 1,969,646 shares in separate entities.

The securities involved are owned directly by Yorktown Energy Partners IX, X and XI, L.P., with Bryan serving as a member and manager of their associated general partners. The filing notes that Bryan disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Ramaco Resources, Inc. director Peter A. Leidel reported several ownership changes in Class A common stock tied mainly to investment entities he helps manage. On March 27, entities associated with him executed open-market sales totaling 179,885 shares at a weighted-average price of $15.3076 per share.

The filing states these securities are owned directly by Yorktown Energy Partners IX, X and XI limited partnerships, where Leidel is a member and manager of the respective general partners, and that he disclaims beneficial ownership except to the extent of his pecuniary interest. On June 9, there were pro rata distributions totaling 1,010,713 shares, including 10,713 shares now reported as held directly and 1,000,000 shares reported as held indirectly. Following these changes, Leidel reports 96,187 shares held directly, while the Yorktown entities continue to hold substantial indirect positions.

Ramaco Resources director-affiliated funds reported multi-day open-market sales of Class B common stock. Entities associated with director Peter A. Leidel, including Yorktown Energy Partners IX, X and XI, sold a combined 52,410 shares from March 24–30, 2026 at weighted-average prices generally between $10.06 and $11.91 per share.

After the March 30 trades, these entities continued to hold large positions, including 1,232,732, 814,793 and 1,216,317 shares respectively, indicating they remain significant holders. The filing notes the reporting person disclaims beneficial ownership except to the extent of pecuniary interest, and some shares were previously received as payment-in-kind dividends on preferred stock.

Ramaco Resources, Inc. director-linked funds reported sizable open-market sales of Class A common stock. Investment funds Yorktown Energy Partners IX, X and XI, entities associated with director Peter A. Leidel, sold a combined 1,820,115 shares between March 5 and March 26 at weighted-average prices generally between $13.48 and $15.18 per share. After these transactions, the funds still report multi-million-share indirect holdings in Ramaco Resources, while Leidel also shows a separate direct holding of 85,474 shares as of March 5.

Ramaco Resources, Inc. saw a significant shareholder execute an open-market sale of its stock. Discovery Global Opportunity Master Fund, Ltd. sold 200,000 shares of Ramaco’s Class A common stock at an average price of $14.79 per share on May 1, 2026. The shares are held in the fund’s account and may be deemed beneficially owned by Discovery Capital Management, LLC, as the fund’s investment manager, and by Robert K. Citrone as Discovery’s managing member. Following this transaction, the fund continued to hold 5,311,360 shares indirectly.

Yorktown XI Associates LLC reported indirect open-market sales of Ramaco Resources, Inc. Class B Common Stock. On March 27, 2026, an affiliated entity sold 8,168 shares at a weighted average price of $10.9327 per share. On March 30, 2026, it sold 2,297 shares at a weighted average price of $10.3381 per share. After these transactions, the affiliated fund held 1,232,732 Class B shares indirectly. The reporting person disclaims beneficial ownership beyond its pecuniary interest.

Yorktown Energy Partners XI, L.P., a 10% owner of Ramaco Resources, Inc., reported open-market sales of a total of 10,465 shares of Class B Common Stock. The firm sold 8,168 shares on March 27, 2026 at a weighted average price of $10.9327 per share and 2,297 shares on March 30, 2026 at a weighted average price of $10.3381 per share. These trades were executed across multiple prices within disclosed ranges. After the transactions, Yorktown Energy Partners XI directly owned 1,232,732 Class B shares.

Yorktown Energy Partners IX L.P., an entity associated with Yorktown IX Associates LLC, sold a total of 10,325 shares of Ramaco Resources Class B common stock in late March 2026. The sales were open-market transactions at weighted-average prices of $10.9327 and $10.3381 per share.

After these sales, 1,216,317 Class B shares remained indirectly owned. The reporting person disclaims beneficial ownership beyond its pecuniary interest in these securities.

Yorktown Energy Partners IX, L.P., a ten percent owner of Ramaco Resources, Inc., reported open-market sales of Class B common stock. It sold 8,059 shares on March 27, 2026 at a weighted-average price of $10.9327 per share, in trades ranging from $10.55 to $11.285.

On March 30, 2026, it sold an additional 2,266 shares at a weighted-average price of $10.3381, with individual trades between $10.06 and $10.6975. After these sales, Yorktown Energy Partners IX, L.P. directly holds 1,216,317 shares of Class B common stock.

Yorktown Energy Partners XI, L.P., a 10% owner of Ramaco Resources, Inc., reported open-market sales of a total of 9,330 shares of Class B common stock. The sales occurred over three days at weighted average prices of $11.5756, $11.2376, and $10.7833 per share.

After these transactions, Yorktown Energy Partners XI, L.P. directly holds 1,243,197 shares of Class B common stock. A footnote explains that 240,791 shares were previously received as payment-in-kind dividends on preferred stock, and beneficial ownership is disclaimed except to the extent of its pecuniary interest.

Yorktown Energy Partners IX, L.P., a 10% owner of Ramaco Resources, Inc., reported open-market sales of a total of 9,207 shares of Class B common stock over three days. The shares were sold at weighted-average prices of $11.5756, $11.2376, and $10.7833 per share, each reflecting multiple trades within stated price ranges.

After these sales, Yorktown holds 1,226,642 shares of Class B common stock directly. The reporting person notes it disclaims beneficial ownership beyond its pecuniary interest, and the current holdings reflect shares previously received as payment-in-kind dividends on preferred stock.

Yorktown XI Associates LLC, a 10% owner of Ramaco Resources, Inc., reported indirect open-market sales of Class B common stock over three days. On March 24–26, 2026, affiliated entity Yorktown Energy Partners XI L.P. sold a total of 9,330 shares at weighted-average prices between about $10.78 and $11.58. After these transactions, indirect holdings stood at 1,243,197 shares of Class B common stock.

Ramaco Resources director-affiliated funds reported significant insider sales of Class A and Class B common stock. Investment entities Yorktown Energy Partners IX, X and XI, which are associated with director Lawrence Bryan H., sold a combined 424,704 shares in open-market transactions from March 24–26.

The trades involved both Class A and Class B shares at weighted-average prices ranging from about $10.78 to $14.06 per share. Following these sales, the Yorktown funds still hold multi-million-share indirect positions in Ramaco Resources, and Lawrence Bryan H. disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

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.

Ramaco Resources, Inc. director Lawrence Bryan H. reported a series of indirect open-market sales of Class A common stock totaling 800,000 shares over March 17–19, 2026. The shares, held through Yorktown Energy Partners funds, were sold at weighted-average prices reported around $14 per share.

According to the footnotes, the securities are owned directly by Yorktown Energy Partners IX, X, and XI, with the reporting person serving in management roles at their general partners and disclaiming beneficial ownership except for any pecuniary interest. He also reports a direct holding of 134,877 shares of Ramaco Resources common stock after these transactions.

Ramaco Resources director Lawrence Bryan H. reported that investment entities associated with him sold a total of 20,115 shares of Class A Common Stock of Ramaco Resources on March 5, 2026 in open-market transactions. The weighted-average sale price was $15.1791 per share, with individual trades occurring between $15.00 and $15.60.

After these sales, Yorktown IX held 3,090,497 shares, Yorktown X held 2,497,567 shares, and Yorktown XI held 3,778,682 shares, and the reporting person also held 134,877 shares directly. The filing notes that these securities are owned directly by the Yorktown funds, and the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. It also corrects a mathematical error in a March 27, 2025 Form 4, revising Yorktown IX’s previously reported ending balance to 3,625,044 shares after a properly reported sale of 37,837 shares.

Ramaco Resources, Inc. chief executive officer Randall Whittaker Atkins reported multiple equity transactions involving stock options and common shares. He exercised employee stock options for 448,712 shares of Class A common stock and 89,742 shares of Class B common stock, with the derivative exercise recorded at a $0.00 option price.

To cover tax obligations tied to these exercises, he surrendered 271,525 shares of Class A common stock at $14.93 per share and 35,313 shares of Class B common stock at $12.81 per share, characterized as tax-withholding dispositions rather than open-market sales. After these direct transactions, he directly owned 983,897 Class A shares and 235,042 Class B shares.

Indirect holdings include 2,178,702 Class A shares and 544,188 Class B shares held through the Randall Whittaker Atkins Revocable Trust, where he is trustee. Additional indirect holdings of 5,000 Class A shares and 1,246 Class B shares are held by his daughter, for which he disclaims beneficial ownership.

Graney Michael R reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources director Michael R. Graney received a grant of 7,688 shares of Class A common stock on February 24, 2026. The restricted stock, issued at no cash cost under the 2017 Long Term Incentive Plan, will vest on January 31, 2027.

Ramaco Resources, Inc. director Aurelia Skipwith Giacometto reported new equity awards and dividend-related shares. She received a restricted stock grant of 7,688 shares of Class A common stock under the company’s 2017 Long Term Incentive Plan, which will vest on January 31, 2027. Following this grant, her direct holdings of Class A common stock increased to 38,022 shares. She also reported 872 additional shares of Class B common stock received as a result of four common stock dividends paid in Class B stock during 2025, bringing her direct Class B holdings to 4,845 shares. The filing notes that the Class B shares acquired through these dividends were exempt under Rule 16a-9(a) under the Securities Exchange Act of 1934.

Ramaco Resources director Christian Charles Lynch III reported new equity awards. On February 24, 2026, he received a restricted stock grant of 7,688 shares of Class A common stock under the Ramaco Resources, Inc. 2017 Long Term Incentive Plan. The restricted stock will vest on January 31, 2027, and his direct Class A holdings increased to 117,609 shares following this grant.

The filing also notes that, as a result of four common stock dividends paid in Class B common stock during 2025, he received a total of 3,340 Class B shares, bringing his direct Class B holdings to 23,970 shares. These dividend-related acquisitions were exempt under Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended.

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.

Ramaco Resources director David E. K. Frischkorn reported equity awards in company stock. He received a grant of 7,688 shares of Class A common stock as restricted stock under the 2017 Long Term Incentive Plan at a stated price of $0 per share. These restricted shares will vest on January 31, 2027. As a result of four previously declared stock dividends paid in Class B common stock, he also acquired a total of 1,602 Class B shares, which are included in his reported holdings and were exempt under Rule 16a-9(a). After these transactions, he directly owns 61,572 Class A shares and 10,395 Class B shares.

Ramaco Resources director Joseph Anthony Manchin III reported new equity awards. He received a grant of 7,688 shares of Class A common stock as restricted stock under Ramaco Resources, Inc.’s 2017 Long Term Incentive Plan at no cash cost.

The restricted Class A shares will vest on January 31, 2027. The director also reported holding 99 shares of Class B common stock, received through three common stock dividends paid in Class B stock during 2025, which were exempt acquisitions under Rule 16a-9(a).

Blanchard Christopher L reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources executive Christopher L. Blanchard, EVP Mine Planning & Development, received equity awards on February 24, 2026. He was granted 32,035 restricted stock units that vest in three equal annual installments beginning January 31, 2027, and 32,035 performance stock units, which may vest from 0% to 200% of the grant based on performance through December 31, 2028.

Fannin Jason Todd reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources, Inc. granted equity awards to its Chief Commercial Officer, Jason Todd Fannin. On February 24, 2026, he received 32,035 restricted stock units under the 2017 Long-Term Incentive Plan, vesting in three equal annual installments starting January 31, 2027.

He was also granted 32,035 performance stock units for a performance period from January 1, 2026 to December 31, 2028. These units will vest based on Compensation Committee certification of pre-set performance targets, with potential achievement ranging from 0% to 200% of the granted amount. Each unit in both grants represents a contingent right to one share of Class A common stock.

Jenkins Evan H reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources director and secretary Evan H. Jenkins reported awards of restricted and performance stock units. On February 24, 2026 he received 21,784 restricted stock units that vest in three equal annual installments beginning January 31, 2027. He also received 21,784 performance stock units for a period running from January 1, 2026 through December 31, 2028, which will vest based on Compensation Committee certification of pre-set performance targets, with an achievement range from 0% to 200% of the grant. Each unit, whether restricted or performance-based, represents a contingent right to receive one share of Ramaco’s Class A common stock.

Kreutzer James Scott reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources EVP Western Operations James Scott Kreutzer reported equity awards that increase his potential share-based compensation. On February 24, 2026, he received a grant of 15,377 restricted stock units under the 2017 Long-Term Incentive Plan, vesting in three equal annual installments starting January 31, 2027.

He also received 15,377 performance stock units for a performance period from January 1, 2026 through December 31, 2028. Vesting of these performance units depends on the Compensation Committee’s certification of results against pre-set targets, with payout ranging from 0% to 200% of the granted amount. Each unit, restricted or performance-based, represents a contingent right to receive one share of Ramaco’s Class A common stock.

Jones Estill Forrest Jr. reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources General Counsel Jones Estill Forrest Jr. reported equity awards rather than open-market trades. On February 24, 2026, he received 14,095 restricted stock units and 14,095 performance stock units under the company’s 2017 Long-Term Incentive Plan at no cash cost.

The restricted stock units vest in three equal annual installments beginning January 31, 2027. The performance stock units cover a period from January 1, 2026 through December 31, 2028 and will vest based on Compensation Committee certification of pre-set performance targets, with possible payout from 0% to 200% of the granted amount. Each unit is a contingent right to receive one share of Class A common stock.

Marcum John Cecil reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources EVP for Production John Cecil Marcum reported equity awards consisting of 23,065 restricted stock units and 23,065 performance stock units, each representing a right to receive one share of Class A common stock. The restricted stock units vest in three equal annual installments beginning on January 31, 2027. The performance stock units cover a performance period from January 1, 2026 to December 31, 2028 and will vest based on Compensation Committee certification of performance, with achievement ranging from 0% to 200% of the original grant.

Sussman Jeremy R. reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources, Inc. chief financial officer Jeremy R. Sussman reported equity compensation awards in the form of restricted stock units and performance stock units. On February 24, 2026, he received a grant of 38,442 restricted stock units under the company’s 2017 Long-Term Incentive Plan, which will vest in three equal annual installments beginning on January 31, 2027. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. On the same date, he also received a grant of 38,442 performance stock units under the same plan. These performance stock units cover a performance period from January 1, 2026 through December 31, 2028 and will vest based on Compensation Committee certification of achievement against pre-established performance targets, with an achievement range from 0% to 200% of the original grant. Each performance stock unit also represents a contingent right to receive one share of Class A common stock.

Horn Paul Bryan Jr. reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources, Inc. executive vice president of mine operations Paul Bryan Horn Jr. reported equity awards made in the form of stock units. He received a grant of 38,442 restricted stock units and a separate grant of 38,442 performance stock units under the company’s 2017 Long-Term Incentive Plan.

The restricted stock units vest in three equal annual installments starting on January 31, 2027, with each unit representing a contingent right to one share of Class A common stock. The performance stock units cover a period from January 1, 2026 through December 31, 2028 and will vest based on Compensation Committee certification of pre-established performance targets, with potential achievement ranging from 0% to 200% of the original grant.

Atkins Randall Whittaker reported acquisition or exercise transactions in this Form 4 filing.

Ramaco Resources, Inc. reported that CEO Randall Whittaker Atkins received equity-based compensation awards. On February 24, 2026, he was granted 121,732 restricted stock units under the 2017 Long-Term Incentive Plan. These units will vest in three equal annual installments beginning on January 31, 2027, with each unit representing a contingent right to receive one share of Class A common stock.

On the same date, he also received a performance stock unit grant of 121,732 units under the same plan. The performance period runs from January 1, 2026 through December 31, 2028. Vesting will depend on the Compensation Committee’s certification of achievement against pre-established performance targets, with the payout range from 0% to 200% of the original grant, and each unit corresponds to one share of Class A common stock.

Ramaco Resources, Inc. reported equity award activity for CEO and director Randall Whittaker Atkins. On January 30, 2026, performance stock units granted on February 20, 2023 under the long‑term incentive plan vested after the compensation committee certified pre‑established performance targets at 200% for the 2023–2025 performance period. This approval triggered vesting of additional performance stock units covering 144,704 shares of Class A and 28,941 shares of Class B common stock, each unit representing the right to receive one share.

On the same date, multiple tranches of restricted stock units in both Class A and Class B common stock also vested, and dividend equivalent units were settled. To satisfy tax obligations upon vesting, the CEO had Class A shares surrendered at $19.97 per share and Class B shares surrendered at $12.43 per share. Following these transactions, he directly held 806,710 Class A and 180,613 Class B shares, and indirectly held additional Class A and Class B shares as trustee of a revocable trust and through shares reported as held by his daughter, for which beneficial ownership is disclaimed.

Ramaco Resources executive James Scott Kreutzer reported multiple equity award vestings and related share withholding on January 30, 2026. Performance stock units granted in 2023 vested after the compensation committee certified pre‑established performance targets at 200%, resulting in vesting for 23,970 shares of Class A and 4,794 shares of Class B common stock. Several tranches of restricted stock and restricted stock units in both share classes also vested, with portions of the resulting shares surrendered at prices of $19.97 for Class A and $12.43 for Class B to satisfy tax obligations. Following these transactions, Kreutzer directly owned 55,080 shares of Class A common stock and 11,006 shares of Class B common stock as of January 30, 2026.

Ramaco Resources’ chief commercial officer Jason Todd Fannin reported equity award vesting and related tax-withholding sales. Performance stock units granted in 2023 vested on January 30, 2026 after the compensation committee certified pre-set targets at 200%, adding 64,593 Class A and 12,918 Class B shares.

Several tranches of restricted stock units in both Class A and Class B also vested the same day. To cover tax obligations, Fannin surrendered shares of Class A at $19.97 and Class B at $12.43 per share. After these transactions, he directly held 273,862 Class A and 60,764 Class B shares.

Ramaco Resources EVP Mine Operations Paul Bryan Horn Jr. reported multiple equity award vestings and related share withholdings on January 30, 2026. Performance stock units granted in February 2023 vested after the compensation committee certified pre-set performance targets at 200% for the period from January 1, 2023 to December 31, 2025, resulting in additional awards of 23,970 Class A and 4,794 Class B shares. Several restricted stock and restricted stock unit installments for Class A and Class B common stock also vested, with portions of the vested shares in both classes surrendered at prices of $19.97 for Class A and $12.43 for Class B to satisfy tax obligations rather than through open market sales. Following these transactions, Horn directly held updated balances of both Class A and Class B common stock, as well as remaining restricted stock units.

Ramaco Resources EVP for Production John Cecil Marcum reported multiple equity award vestings and related tax withholdings. On January 30, 2026, performance stock units granted in 2023 vested after the compensation committee certified pre-set performance targets at 200%, triggering additional vesting of 54,870 Class A and 10,974 Class B performance units.

Several tranches of restricted stock units granted in 2023, 2024, and 2025 also vested, while some future annual installments remain. To cover taxes, Marcum surrendered Class A shares at $19.97 and Class B shares at $12.43. After these transactions, he directly owned 226,644 Class A and 50,960 Class B shares.

Ramaco Resources General Counsel Jones Estill Forrest Jr. reported equity award vesting and related tax withholdings. On January 30, 2026, 3,100 restricted stock units converted into the same number of Class A shares at $0, and 76 dividend equivalent units converted into Class B shares.

To cover tax obligations upon vesting of prior grants, he surrendered 3,342 and 981 Class A shares at $19.97 per share and 24 Class B shares at $12.43 per share. After these transactions, he beneficially owned 59,364 Class A shares, 12,730 Class B shares, and 6,200 restricted stock units.

Ramaco Resources, Inc. chief financial officer Jeremy R. Sussman reported multiple equity award vestings and related share movements on January 30, 2026. Performance stock units granted on February 20, 2023 vested after the compensation committee certified pre‑established targets at 200% for the period from January 1, 2023 through December 31, 2025, resulting in vesting for 65,631 shares of Class A and 13,126 shares of Class B common stock.

The filing also shows vesting of several restricted stock unit installments granted in 2023, 2024, and 2025 under the company’s Long Term Incentive Plan, along with dividend equivalent units in Class B shares. To cover tax obligations upon vesting, Sussman surrendered shares, including 56,246 Class A shares at $19.97 and 11,249 Class B shares at $12.43. After these transactions, he directly owned 463,278 shares of Class A and 108,660 shares of Class B common stock.

Ramaco Resources EVP Christopher L. Blanchard reported multiple equity award vestings and related tax-withholding share surrenders on January 30, 2026. Performance stock units granted on February 20, 2023 vested after the compensation committee certified pre-set performance targets at 200% for the period from January 1, 2023 through December 31, 2025, triggering additional vesting of 65,631 Class A and 13,126 Class B shares.

Several restricted stock unit installments from 2023, 2024, and 2025 grants also vested. To cover tax obligations, shares of Class A common stock were surrendered at a price of $19.97 and shares of Class B common stock at $12.43, both based on January 29, 2026 closing prices. After these transactions, Blanchard directly held 519,271 shares of Class A common stock and 123,528 shares of Class B common stock.

Ramaco Resources director and secretary Evan H. Jenkins reported routine equity compensation activity on January 30, 2026. Restricted stock units and related dividend equivalent units vested, resulting in the acquisition of 4,400 shares of Class A common stock and 108 shares of Class B common stock at an exercise price of $0. To cover tax obligations, 1,533 Class A shares were withheld at $19.97 and 34 Class B shares at $12.43, along with an additional 1,391 Class A shares tied to earlier grants.

After these transactions, Jenkins directly owned 23,323.782 shares of Class A common stock and 959 shares of Class B common stock, plus 8,800 restricted stock units, each convertible into one Class A share. The filing also clarifies a prior Form 4, correcting a February 2025 restricted stock unit award to 13,200 units, with two annual installments remaining.