Ramaco Resources (METC) Form 4 Ramaco Resources / Randall Whittaker Atkins ownership change

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Atkins Randall Whittaker

(Last) (First) (Middle)

250 WEST MAIN STREET

SUITE 1900

(Street)

LEXINGTON KY 40507

(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
X	Officer (give title below)	Other (specify below)
CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2024

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	01/31/2024		M(1)		48,235	A	$0	626,835	D
Class A common stock	01/31/2024		F(2)		17,847	D	$19.11	608,988	D
Class B common stock	01/31/2024		M(1)		9,647	A	$0	126,580	D
Class B common stock	01/31/2024		F(3)		3,569	D	$12.82	123,011	D
Class A common stock								5,000	I	By Daughter(4)
Class A common stock								2,178,702	I	Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD
Class B common stock								1,000	I	By Daughter(4)
Class B common stock								435,740	I	Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD

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
Restricted Stock Units	$0(5)	01/31/2024		M(1)			48,235	(1)	(1)	Class A common stock	48,235	$0	127,334(6)	D
Restricted Stock Units	$0(7)	01/31/2024		M(1)			9,647	(1)	(1)	Class B common stock	9,647	$0	25,466(8)	D

Explanation of Responses:

1. The first installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 31, 2024.

2. Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on January 30, 2024. Such shares were acquired as treasury stock by the Issuer.

3. Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on January 30, 2024. Such shares were acquired as treasury stock by the Issuer.

4. This transaction involved a gift of securities by the reporting person to his daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

5. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

6. This consists of 30,865 restricted stock units remaining from the Company's February 16, 2022 grant and 96,469 restricted stock units remaining from the Company's February 20, 2023 grant.

7. Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

8. This consists of 6,173 restricted stock units remaining under the Company's February 16, 2022 grant and 19,293 restricted stock units remaining under the Company's February 20, 2023 grant.

	/s/ Tyler Adkins, Attorney-in-Fact	02/02/2024
	** 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).
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