Form 4 for METC Ramaco Resources, Inc.
Accepted 2024-12-17 00:00:00 ET · period of report 2024-12-15 · accession 0001415889-24-029595 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-12-17 | 2024-12-15 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | F - Tax | $11.74 | -5,920 | 26.8K | -18% | -$69.5K |
| DM | 2024-12-17 | 2024-12-15 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | M - OptEx | $0.00 | +15.0K | 26.9K | +127% | $0 |
| DM | 2024-12-17 | 2024-12-15 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | M - OptEx | $0.00 | -15.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2024-12-15 | F | D | 4,858 | $12.02 | 122,053 | D | — | — | (F2) 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. |
| 2 | Common | Class B common stock | 2024-12-15 | M | A | 2,469 | $0.00 | 27,645 | D | — | — | (F3) 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 2,128 shares of Company's Class B common stock as of December 16, 2024. |
| 3 | Common | Class B common stock | 2024-12-15 | F | D | 972 | $10.50 | 26,673 | D | — | — | (F4) 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. (F3) 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 2,128 shares of Company's Class B common stock as of December 16, 2024. |
| 4 | Common | Class A common stock | 2024-12-15 | M | A | 12,345 | $0.00 | 126,911 | D | — | — | |
| 5 | Common | Class B common stock | 2024-12-15 | M | A | 229 | $0.00 | 26,902 | D | — | — | (F5) 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 | Common | Class B common stock | 2024-12-15 | F | D | 90 | $10.32 | 26,812 | D | — | — | (F6) 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). (F7) As a result of the December Dividend, the reporting person received 229 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 90 were used to satisfy tax withholding obligations. |
| 7 | Derivative | Restricted Stock Units | 2024-12-15 | M | D | 2,469 | $0.00 | 0 | D | $0.00 · — to — | 2,469 Class B common stock | (F1) 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 (F9) Each restricted stock unit represents a contingent right to receive one share of Class B common stock. |
| 8 | Derivative | Dividend Equivalent Units | 2024-12-15 | M | D | 229 | $0.00 | 0 | D | — · — to — | 229 Class B common stock | (F10) 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. |
| 9 | Derivative | Restricted Stock Units | 2024-12-15 | M | D | 12,345 | $0.00 | 0 | D | $0.00 · — to — | 12,345 Class A common stock | (F1) 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 (F8) Each restricted stock unit represents a contingent right to receive one share of Class A common stock. |