Director Leidel Peter A sold $3,656,739 worth of shares (435,000 units at $8.41) and sold $804,035 worth of Class B Common Stock (108,377 units at $7.42) (SEC Form 4)

3/27/25 9:33:05 PM ET

$METCB

Coal Mining

Energy

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SEC FORM 4 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^*

LEIDEL PETER A

(Last)

(First)

(Middle)

410 PARK AVENUE

20TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2025

4. 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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, par value $0.01 per share	03/25/2025		S		46,296⁽¹⁾	D	$8.6701⁽²⁾	3,722,271⁽¹⁾	I	See Footnote⁽⁸⁾
Class A Common Stock, par value $0.01 per share	03/25/2025		S		37,413⁽¹⁾	D	$8.6701⁽²⁾	3,008,135⁽¹⁾	I	See Footnote⁽⁹⁾
Class A Common Stock, par value $0.01 per share	03/25/2025		S		56,603⁽¹⁾	D	$8.6701⁽²⁾	4,551,144⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class B Common Stock, par value $0.01 per share	03/25/2025		S		10,691⁽¹⁾	D	$7.7962⁽⁵⁾	1,045,915⁽¹⁾	I	See Footnote⁽⁸⁾
Class B Common Stock, par value $0.01 per share	03/25/2025		S		7,038⁽¹⁾	D	$7.7962⁽⁵⁾	688,563⁽¹⁾	I	See Footnote⁽⁹⁾
Class B Common Stock, par value $0.01 per share	03/25/2025		S		10,648⁽¹⁾	D	$7.7962⁽⁵⁾	1,041,756⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class A Common Stock, par value $0.01 per share	03/26/2025		S		59,390⁽¹⁾	D	$8.2408⁽³⁾	3,662,881⁽¹⁾	I	See Footnote⁽⁸⁾
Class A Common Stock, par value $0.01 per share	03/26/2025		S		47,995⁽¹⁾	D	$8.2408⁽³⁾	2,960,140⁽¹⁾	I	See Footnote⁽⁹⁾
Class A Common Stock, par value $0.01 per share	03/26/2025		S		72,615⁽¹⁾	D	$8.2408⁽³⁾	4,478,529⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class B Common Stock, par value $0.01 per share	03/26/2025		S		16,954⁽¹⁾	D	$7.4242⁽⁶⁾	1,028,961⁽¹⁾	I	See Footnote⁽⁸⁾
Class B Common Stock, par value $0.01 per share	03/26/2025		S		11,160⁽¹⁾	D	$7.4242⁽⁶⁾	677,403⁽¹⁾	I	See Footnote⁽⁹⁾
Class B Common Stock, par value $0.01 per share	03/26/2025		S		16,886⁽¹⁾	D	$7.4242⁽⁶⁾	1,024,870⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class A Common Stock, par value $0.01 per share	03/27/2025		S		37,837⁽¹⁾	D	$8.3433⁽⁴⁾	3,662,881⁽¹⁾	I	See Footnote⁽⁸⁾
Class A Common Stock, par value $0.01 per share	03/27/2025		S		30,583⁽¹⁾	D	$8.3433⁽⁴⁾	2,929,557⁽¹⁾	I	See Footnote⁽⁹⁾
Class A Common Stock, par value $0.01 per share	03/27/2025		S		46,268⁽¹⁾	D	$8.3433⁽⁴⁾	4,432,261⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class B Common Stock, par value $0.01 per share	03/27/2025		S		13,186⁽¹⁾	D	$7.1061⁽⁷⁾	1,015,775⁽¹⁾	I	See Footnote⁽⁸⁾
Class B Common Stock, par value $0.01 per share	03/27/2025		S		8,680⁽¹⁾	D	$7.1061⁽⁷⁾	668,723⁽¹⁾	I	See Footnote⁽⁹⁾
Class B Common Stock, par value $0.01 per share	03/27/2025		S		13,134⁽¹⁾	D	$7.1061⁽⁷⁾	1,011,736⁽¹⁾	I	See Footnote⁽¹⁰⁾
Class A Common Stock, par value $0.01 per share								85,474	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his 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 $8.50 to $8.92, inclusive. 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), (4), (5), (6) and (7).

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.09 to $8.35, inclusive.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.21 to $8.47, inclusive.

5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.60 to $8.00, inclusive.

6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.25 to $8.16, inclusive.

7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.34, inclusive.

8. 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.

9. 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.

10. 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/ Peter A. Leidel	03/27/2025
	** 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 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.

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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

Amount

(A) or (D)

Price

Class A Common Stock, par value $0.01 per share

03/25/2025

46,296⁽¹⁾

$8.6701⁽²⁾

3,722,271⁽¹⁾

See Footnote⁽⁸⁾

Class A Common Stock, par value $0.01 per share

03/25/2025

37,413⁽¹⁾

$8.6701⁽²⁾

3,008,135⁽¹⁾

See Footnote⁽⁹⁾

Class A Common Stock, par value $0.01 per share

03/25/2025

56,603⁽¹⁾

$8.6701⁽²⁾

4,551,144⁽¹⁾

See Footnote⁽¹⁰⁾

Class B Common Stock, par value $0.01 per share

03/25/2025

10,691⁽¹⁾

$7.7962⁽⁵⁾

1,045,915⁽¹⁾

See Footnote⁽⁸⁾

Class B Common Stock, par value $0.01 per share

03/25/2025

7,038⁽¹⁾

$7.7962⁽⁵⁾

688,563⁽¹⁾

See Footnote⁽⁹⁾

Class B Common Stock, par value $0.01 per share

03/25/2025

10,648⁽¹⁾

$7.7962⁽⁵⁾

1,041,756⁽¹⁾

See Footnote⁽¹⁰⁾

Class A Common Stock, par value $0.01 per share

03/26/2025

59,390⁽¹⁾

$8.2408⁽³⁾

3,662,881⁽¹⁾

See Footnote⁽⁸⁾

Class A Common Stock, par value $0.01 per share

03/26/2025

47,995⁽¹⁾

$8.2408⁽³⁾

2,960,140⁽¹⁾

See Footnote⁽⁹⁾

Class A Common Stock, par value $0.01 per share

03/26/2025

72,615⁽¹⁾

$8.2408⁽³⁾

4,478,529⁽¹⁾

See Footnote⁽¹⁰⁾

Class B Common Stock, par value $0.01 per share

03/26/2025

16,954⁽¹⁾

$7.4242⁽⁶⁾

1,028,961⁽¹⁾

See Footnote⁽⁸⁾

Class B Common Stock, par value $0.01 per share

03/26/2025

11,160⁽¹⁾

$7.4242⁽⁶⁾

677,403⁽¹⁾

See Footnote⁽⁹⁾

Class B Common Stock, par value $0.01 per share

03/26/2025

16,886⁽¹⁾

$7.4242⁽⁶⁾

1,024,870⁽¹⁾

See Footnote⁽¹⁰⁾

Class A Common Stock, par value $0.01 per share

03/27/2025

37,837⁽¹⁾

$8.3433⁽⁴⁾

3,662,881⁽¹⁾

See Footnote⁽⁸⁾

Class A Common Stock, par value $0.01 per share

03/27/2025

30,583⁽¹⁾

$8.3433⁽⁴⁾

2,929,557⁽¹⁾

See Footnote⁽⁹⁾

Class A Common Stock, par value $0.01 per share

03/27/2025

46,268⁽¹⁾

$8.3433⁽⁴⁾

4,432,261⁽¹⁾

See Footnote⁽¹⁰⁾

Class B Common Stock, par value $0.01 per share

03/27/2025

13,186⁽¹⁾

$7.1061⁽⁷⁾

1,015,775⁽¹⁾

See Footnote⁽⁸⁾

Class B Common Stock, par value $0.01 per share

03/27/2025

8,680⁽¹⁾

$7.1061⁽⁷⁾

668,723⁽¹⁾

See Footnote⁽⁹⁾

Class B Common Stock, par value $0.01 per share

03/27/2025

13,134⁽¹⁾

$7.1061⁽⁷⁾

1,011,736⁽¹⁾

See Footnote⁽¹⁰⁾

Class A Common Stock, par value $0.01 per share

85,474

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Director Leidel Peter A sold $3,656,739 worth of shares (435,000 units at $8.41) and sold $804,035 worth of Class B Common Stock (108,377 units at $7.42) (SEC Form 4)

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Recent Analyst Ratings for
$METCB

Director Leidel Peter A sold $3,656,739 worth of shares (435,000 units at $8.41) and sold $804,035 worth of Class B Common Stock (108,377 units at $7.42) (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$METCB

$METCB
SEC Filings

Ramaco Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

Ramaco Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form SD filed by Ramaco Resources Inc.

$METCB
Insider Trading

SEC Form 3 filed by new insider Graney Michael R

Director Lawrence Bryan H sold $30,000,000 worth of shares (1,600,000 units at $18.75) (SEC Form 4)

Director Leidel Peter A sold $30,000,000 worth of shares (1,600,000 units at $18.75) (SEC Form 4)

$METCB
Press Releases

Ramaco Approved to Join the Defense Industrial Base Consortium (DIBC)

Ramaco Resources' Randall Atkins to Address Global Energy Leaders at IEA-IEF-OPEC Symposium in Paris

Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role

$METCB
Insider Purchases

Jenkins Evan H bought $124,997 worth of shares (8,928 units at $14.00), increasing direct ownership by 61% to 23,480 units (SEC Form 4)

$METCB
Leadership Updates

Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role

Jessica Graney Appointed to Ramaco Foundation Board

Ramaco Announces Appointment of Mike Graney to Board of Directors

$METCB
Financials

Ramaco Resources Announces Third Quarter Class B Stock Dividend Details

Ramaco Resources Announces Third Quarter Stock Dividend for Class B Common Stock

Ramaco Resources, Inc. to Release Second Quarter 2025 Financial Results on Thursday, July 31, 2025 and Host Conference Call and Webcast on Friday, August 1, 2025

Director Leidel Peter A sold $3,656,739 worth of shares (435,000 units at $8.41) and sold $804,035 worth of Class B Common Stock (108,377 units at $7.42) (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $METCB

Director Leidel Peter A sold $3,656,739 worth of shares (435,000 units at $8.41) and sold $804,035 worth of Class B Common Stock (108,377 units at $7.42) (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $METCB

$METCB SEC Filings

Ramaco Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

Ramaco Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form SD filed by Ramaco Resources Inc.

$METCB Insider Trading

SEC Form 3 filed by new insider Graney Michael R

Director Lawrence Bryan H sold $30,000,000 worth of shares (1,600,000 units at $18.75) (SEC Form 4)

Director Leidel Peter A sold $30,000,000 worth of shares (1,600,000 units at $18.75) (SEC Form 4)

$METCB Press Releases

Ramaco Approved to Join the Defense Industrial Base Consortium (DIBC)

Ramaco Resources' Randall Atkins to Address Global Energy Leaders at IEA-IEF-OPEC Symposium in Paris

Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role

$METCB Insider Purchases

Jenkins Evan H bought $124,997 worth of shares (8,928 units at $14.00), increasing direct ownership by 61% to 23,480 units (SEC Form 4)

$METCB Leadership Updates

Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role

Jessica Graney Appointed to Ramaco Foundation Board

Ramaco Announces Appointment of Mike Graney to Board of Directors

$METCB Financials

Ramaco Resources Announces Third Quarter Class B Stock Dividend Details

Ramaco Resources Announces Third Quarter Stock Dividend for Class B Common Stock

Ramaco Resources, Inc. to Release Second Quarter 2025 Financial Results on Thursday, July 31, 2025 and Host Conference Call and Webcast on Friday, August 1, 2025

Recent Analyst Ratings for
$METCB

Recent Analyst Ratings for
$METCB

$METCB
SEC Filings

$METCB
Insider Trading

$METCB
Press Releases

$METCB
Insider Purchases

$METCB
Leadership Updates

$METCB
Financials