Yorktown XI Associates LLC 4

What Happened

• Yorktown XI Associates LLC (a 10% owner / institutional holder) sold a total of 9,330 shares of Ramaco Resources, Inc. (METC) in three dispositions between March 24 and March 26, 2026. The reported proceeds across the three days totaled approximately $104,792. These were reported as open‑market or private sales (code S).

Key Details

• Transaction dates and reported weighted‑average prices and proceeds:
  • 2026-03-24: 3,060 shares sold at a weighted avg $11.5800 — proceeds $35,421 (trades priced between $11.20 and $11.91; see F1).
  • 2026-03-25: 3,874 shares sold at a weighted avg $11.2400 — proceeds $43,534 (trades priced between $11.00 and $11.92; see F2).
  • 2026-03-26: 2,396 shares sold at a weighted avg $10.7800 — proceeds $25,837 (trades priced between $10.50 and $11.325; see F3).
• Total shares sold: 9,330; total proceeds: ~$104,792.
• Filing: Form 4 filed on 2026-03-26 for transactions occurring 2026-03-24–03-26. This filing appears timely (Form 4 is generally due within two business days).
• Post‑transaction holdings: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1–F3: reported prices are weighted averages from multiple trades; the reporting person can provide breakdowns on request.
  • F4: the filing also notes 240,791 shares previously received as payment‑in‑kind dividends on preferred stock that were exempt from reporting under Rule 16a‑9(a).
  • F5: these securities are held by Yorktown Energy Partners XI L.P.; the reporting person is the general partner (i.e., institutional ownership structure).

Context

• This is institutional selling by a 10% owner, not an executive or officer trade. Such disposals can reflect portfolio rebalancing or liquidity needs and do not, by themselves, indicate management sentiment about the company. The transactions were open‑market/private sales executed over multiple trades (hence weighted average prices).