Yorktown Energy Partners IX, L.P. 4

What Happened

• Yorktown Energy Partners IX, L.P. (reported as a 10% owner) sold a total of 9,207 shares of Ramaco Resources, Inc. (METC) in open-market transactions across March 24–26, 2026.
• Sales by date: 3,020 shares at a weighted avg $11.58 (proceeds $34,958); 3,823 shares at $11.24 (proceeds $42,961); and 2,364 shares at $10.78 (proceeds $25,492). Total proceeds ≈ $103,411. This was a sale (not a purchase).

Key Details

• Transaction dates: Mar 24, 2026; Mar 25, 2026; Mar 26, 2026. Report filed on Mar 26, 2026 (timely per Form 4 rules).
• Reported weighted-average prices: $11.58, $11.24, $10.78. Footnotes note these are weighted averages from multiple trades:
  • Footnote F2: prices ranged $11.20–$11.91 (for the $11.58 line).
  • Footnote F3: prices ranged $11.00–$11.92 (for the $11.24 line).
  • Footnote F4: prices ranged $10.50–$11.325 (for the $10.78 line).
• Beneficial ownership/disclaimer: Footnote F1 states the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
• Additional note (F5): filing references 220,074 shares previously received as payment-in-kind dividends on preferred stock that were exempt from reporting under Rule 16a-9(a).
• Shares owned after the reported sales were not specified in the excerpt provided.

Context

• This filing reflects institutional selling by a 10% owner, not an individual executive. Institutional sales can be for many reasons (portfolio rebalancing, liquidity), and do not necessarily signal management views on company fundamentals.
• The sales were executed across multiple prices (see ranges above); weighted-average prices are reported on the Form 4.