Yorktown IX Associates LLC 4

What Happened
Yorktown IX (a reporting 10% owner related entity) sold a total of 9,207 shares of Ramaco Resources, Inc. (METC) in three open-market transactions between March 24 and March 26, 2026. The sales were: 3,020 shares on 2026-03-24 at a weighted average price of $11.58 (proceeds $34,958); 3,823 shares on 2026-03-25 at $11.24 (proceeds $42,961); and 2,364 shares on 2026-03-26 at $10.78 (proceeds $25,492). Total proceeds across the three days were approximately $103,411. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-03-24: 3,020 shares @ $11.58 (prices in range $11.20–$11.91; see footnote F1).
  • 2026-03-25: 3,823 shares @ $11.24 (prices in range $11.00–$11.92; see footnote F2).
  • 2026-03-26: 2,364 shares @ $10.78 (prices in range $10.50–$11.325; see footnote F3).
• Total sold: 9,207 shares for ~ $103,411.
• Shares owned after the transactions: the filing does not state total beneficial ownership after these sales. The filing notes 220,074 shares were previously received as payment‑in‑kind dividends (exempt under Rule 16a‑9(a)) (footnote F4).
• Ownership structure: the securities are owned by Yorktown Energy Partners IX L.P.; the reporting person is the general partner of the entity (footnote F5) — this is institutional/10% owner activity, not an executive trade.
• Timeliness: Form 4 was filed on 2026-03-26 for transactions beginning 2026-03-24 (filed within the standard two‑business‑day window).

Context
This report documents institutional sales by a 10% holder rather than an executive or director purchase. Sales are often routine portfolio activity; they do not, by themselves, indicate management sentiment. Footnotes note that the reported prices are weighted averages over multiple trades and the reporting person can provide per‑price details on request.