Sec Form 4 Filing - Marcum John Cecil @ Ramaco Resources, Inc. - 2024-12-15

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Marcum John Cecil 2. Issuer Name and Ticker or Trading Symbol Ramaco Resources, Inc. [ METC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP for Production (Last) (First) (Middle) PO BOX 146 3. Date of Earliest Transaction (MM/DD/YY) 12/15/2024 (Street) SIDNEY, KY41564 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 12/15/2024 M( 1 ) 4,321 A $ 0 119,230 D Class A common stock 12/15/2024 F 1,873 ( 2 ) D $ 12.02 117,357 D Class B common stock 12/15/2024 M( 1 ) 864 A $ 0 26,089 ( 3 ) D Class B common stock 12/15/2024 F 374 ( 4 ) D $ 10.5 25,715 ( 3 ) D Class B common stock 12/15/2024 M 80 ( 5 ) A $ 0 25,795 ( 5 ) D Class B common stock 12/15/2024 F 34 ( 6 ) D $ 10.32 25,761 ( 7 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 ( 8 ) 12/15/2024 M( 1 ) 4,321 ( 1 ) ( 1 ) Class A common stock 4,321 $ 0 0 ( 1 ) D Restricted Stock Units $ 0 ( 9 ) 12/15/2024 M( 1 ) 864 ( 1 ) ( 1 ) Class B common stock 864 $ 0 0 ( 1 ) D Dividend Equivalent Units ( 10 ) 12/15/2024 M 80 ( 10 ) ( 10 ) Class B common stock 80 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Marcum John Cecil PO BOX 146 SIDNEY, KY41564 EVP for Production Signatures /s/ Jonathan Tyler Adkins, Attorney-in-Fact 12/17/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The third and final installment of restricted stock units granted on February 16, 2022 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on December 15, 2024. ( 2 )Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on December 13, 2024. ( 3 )On November 20, 2024, the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock, both payable in shares of the Issuer's Class B common stock on December 16, 2024, to shareholders of record as of the close of Nasdaq on December 2, 2024 (the "December Dividend"), with the amount of Class B shares to be issued per share for each respective class of stock determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($9.96). As a result, the reporting person received 2,134 shares of Company's Class B common stock as of December 16, 2024. ( 4 )Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on December 13, 2024. ( 5 )Class B common stock paid in settlement of dividend equivalent units underlying (A) restricted stock units in respect of Class A common stock and (B) restricted stock units in respect of Class B common stock. See footnotes 3 and 7 for further detail. ( 6 )Shares surrendered to satisfy tax withholding obligations on Class B common stock delivered in settlement of dividend equivalent units on restricted stock units in respect of Class A common stock and Class B common stock. The number of shares was based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (December 16, 2024). ( 7 )As a result of the December Dividend, the reporting person received 80 shares of Company's Class B common stock as of December 16, 2024 in respect of the stock dividends following settlement of the restricted stock units, of which 34 were used to satisfy tax withholding obligations. ( 8 )Each restricted stock unit represents a contingent right to receive one share of Class A common stock. ( 9 )Each restricted stock unit represents a contingent right to receive one share of Class B common stock. ( 10 )Dividend equivalent units underlying both tranches of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 3 and 7 for further detail.

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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