Yorktown entity trims Ramaco Resources (METC) stake with 9,330-share sale

Rhea-AI Filing Summary

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.

Insider Trade Summary

Net Seller: 9,330 shares ($104,793)

Net Sell 3 txns

Insider Yorktown XI Associates LLC

Role 10% Owner

Sold 9,330 shs ($105K)

Type	Security	Shares	Price	Value
Sale	Class B Common Stock, par value $0.01 per share	2,396	$10.7833	$26K
Sale	Class B Common Stock, par value $0.01 per share	3,874	$11.2376	$44K
Sale	Class B Common Stock, par value $0.01 per share	3,060	$11.5756	$35K

Holdings After Transaction: Class B Common Stock, par value $0.01 per share — 1,243,197 shares (Indirect, See Footnote)

Footnotes (1)

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.20 to $11.91, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of 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 range set forth in footnotes (2), (3),and (4). The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.92, 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 $10.50 to $11.325 inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. Reflects 240,791 shares of common stock received by the reporting person as payment-in-kind dividends on Series A Preferred Stock and Series B Preferred Stock exempt from reporting under Rule 16a-9(a). These securities are owned directly by Yorktown Energy Partners XI L.P. ("Yorktown XI"). The reporting person is 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
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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^*

Yorktown XI Associates LLC

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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 B Common Stock, par value $0.01 per share	03/24/2026		S		3,060	D	$11.5756(1)	1,249,467(4)	I	See Footnote(5)
Class B Common Stock, par value $0.01 per share	03/25/2026		S		3,874	D	$11.2376(2)	1,245,593	I	See Footnote(5)
Class B Common Stock, par value $0.01 per share	03/26/2026		S		2,396	D	$10.7833(3)	1,243,197	I	See Footnote(5)

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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.20 to $11.91, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of 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 range set forth in footnotes (2), (3),and (4).

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.92, 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 $10.50 to $11.325 inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.

4. Reflects 240,791 shares of common stock received by the reporting person as payment-in-kind dividends on Series A Preferred Stock and Series B Preferred Stock exempt from reporting under Rule 16a-9(a).

5. These securities are owned directly by Yorktown Energy Partners XI L.P. ("Yorktown XI"). The reporting person is the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

	Yorktown XI Associates LLC /s/ Bryan H Lawrence, Managing Member	03/26/2026
	** 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 METC’s Yorktown XI Associates LLC report on this Form 4?

Yorktown XI Associates LLC reported indirect open-market sales of Ramaco Resources Class B common stock. Across March 24–26, 2026, an affiliated fund sold 9,330 shares, while remaining indirectly invested with 1,243,197 shares after the final transaction reported in the filing.

How many METC shares were sold in total by the Yorktown-related entity?

The affiliated Yorktown Energy Partners XI L.P. sold a total of 9,330 Class B common shares. These sales occurred in three tranches of 3,060, 3,874, and 2,396 shares, each reported as open-market transactions at different weighted-average sale prices.

What sale prices were reported for the recent METC insider transactions?

The filing reports weighted-average sale prices of $11.5756, $11.2376, and $10.7833 per share. Footnotes explain these prices reflect multiple trades in ranges from $10.50 up to $11.92, with full per-trade details available upon request from Ramaco Resources or regulators.

How many METC shares does the Yorktown-related holder own after these sales?

After the reported March 26, 2026 transaction, the indirect holder reports owning 1,243,197 shares of Ramaco Resources Class B common stock. This figure reflects the position following the sequence of three open-market sales disclosed in this Form 4 filing.

Who actually owns the METC shares reported by Yorktown XI Associates LLC?

The securities are owned directly by Yorktown Energy Partners XI L.P., according to the footnotes. Yorktown XI Associates LLC is the general partner of Yorktown XI Company LP, which in turn is the general partner of Yorktown Energy Partners XI L.P.

Did METC’s Yorktown-related holder receive additional shares through dividends?

A footnote states the holder received 240,791 common shares as payment-in-kind dividends on Series A and Series B preferred stock. These dividend shares were exempt from separate reporting under Rule 16a-9(a) but are noted to clarify how the position increased over time.