Randall Whittaker Atkins - 31 Jan 2024 Form 4 Insider Report for Ramaco Resources, Inc. (METC)

Signature
/s/ Tyler Adkins, Attorney-in-Fact
Issuer symbol
METC
Transactions as of
31 Jan 2024
Net transactions value
-$386,811
Form type
4
Filing time
02 Feb 2024, 08:06:15 UTC
Previous filing
18 Dec 2023
Next filing
04 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction METC Class A common stock Options Exercise $0 +48,235 +8.3% $0.000000 626,835 31 Jan 2024 Direct F1
transaction METC Class A common stock Tax liability $341,056 -17,847 -2.8% $19.11 608,988 31 Jan 2024 Direct F2
transaction METC Class B common stock Options Exercise $0 +9,647 +8.3% $0.000000 126,580 31 Jan 2024 Direct F1
transaction METC Class B common stock Tax liability $45,755 -3,569 -2.8% $12.82 123,011 31 Jan 2024 Direct F3
holding METC Class A common stock 5,000 31 Jan 2024 By Daughter F4
holding METC Class A common stock 2,178,702 31 Jan 2024 Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD
holding METC Class B common stock 1,000 31 Jan 2024 By Daughter F4
holding METC Class B common stock 435,740 31 Jan 2024 Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction METC Restricted Stock Units Options Exercise $0 -48,235 -27% $0.000000 127,334 31 Jan 2024 Class A common stock 48,235 $0.000000 Direct F1, F5, F6
transaction METC Restricted Stock Units Options Exercise $0 -9,647 -27% $0.000000 25,466 31 Jan 2024 Class B common stock 9,647 $0.000000 Direct F1, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
F5 Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F6 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.
F7 Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
F8 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.