Sec Form 4 Filing - Fannin Jason Todd @ Ramaco Resources, Inc. - 2025-01-31

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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Fannin Jason Todd 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) CHIEF COMMERCIAL OFFICER (Last) (First) (Middle) 250 W. MAIN STREET, SUITE 1900 3. Date of Earliest Transaction (MM/DD/YY) 01/31/2025 (Street) LEXINGTON, KY40507 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 01/31/2025 M( 1 )( 2 ) 32,831 A $ 0 175,175 D Class A common stock 01/31/2025 F( 3 ) 12,919 D $ 9.64 162,256 D Class B common stock 01/31/2025 M( 1 ) 4,306 A $ 0 35,565 D Class B common stock 01/31/2025 F( 4 ) 1,694 D $ 8.95 33,871 D Class B common stock 01/31/2025 M( 5 ) 554 A $ 0 34,425 D Class B common stock 01/31/2025 F( 6 ) 218 D $ 8.81 34,207 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 ( 7 ) 01/31/2025 M( 1 ) 21,531 ( 1 ) ( 1 ) Class A common stock 21,531 $ 0 21,531 D Restricted Stock Units $ 0 ( 7 ) 01/31/2025 M( 2 ) 11,300 ( 2 ) ( 2 ) Class A common stock 11,300 $ 0 22,598 D Restricted Stock Units $ 0 ( 8 ) 01/31/2025 M( 1 ) 4,306 ( 1 ) ( 1 ) Class B common stock 4,306 $ 0 4,306 D Dividend Equivalent Units $ 0 ( 9 ) 01/31/2025 M 554 ( 5 ) ( 5 ) Class B common stock 554 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Fannin Jason Todd 250 W. MAIN STREET SUITE 1900 LEXINGTON, KY40507 CHIEF COMMERCIAL OFFICER Signatures /s/ Jonathan Tyler Adkins, Attorney-in-Fact 02/03/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The second installment of restricted stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 31, 2025. ( 2 )The first installment of restricted stock units granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 31, 2025. ( 3 )Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class A common stock on January 30, 2025. ( 4 )Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class B common stock on January 30, 2025. ( 5 )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 (the "December Dividend"), to shareholders of record as of the close of Nasdaq on December 2, 2024, 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 554 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying restricted stock units. ( 6 )As a result of the December Dividend, the reporting person received 554 shares of Company's Class B common stock as of January 31, 2025 in respect of the stock dividends following settlement of the restricted stock units, of which 218 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Company's Class B common stock on the date of delivery of the shares (January 31, 2025). ( 7 )Each restricted stock unit represents a contingent right to receive one share of Class A common stock. ( 8 )Each restricted stock unit represents a contingent right to receive one share of Class B common stock. ( 9 )Dividend equivalent units underlying the restricted stock units listed above with respect to Class A and with respect to Class B common stock. See Footnote 5 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).

** 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 a re not required to respond unless the form displays a currently valid OMB Number.