<SEC-DOCUMENT>0001415889-23-010827.txt : 20230705
<SEC-HEADER>0001415889-23-010827.hdr.sgml : 20230705
<ACCEPTANCE-DATETIME>20230705175617
ACCESSION NUMBER:		0001415889-23-010827
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230630
FILED AS OF DATE:		20230705
DATE AS OF CHANGE:		20230705

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Blanchard Christopher L
		CENTRAL INDEX KEY:			0001727281

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38003
		FILM NUMBER:		231071064

	MAIL ADDRESS:	
		STREET 1:		250 WEST MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40507

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ramaco Resources, Inc.
		CENTRAL INDEX KEY:			0001687187
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40507
		BUSINESS PHONE:		(859) 244-7455

	MAIL ADDRESS:	
		STREET 1:		250 WEST MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40507
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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                    <value>43334</value>
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        <derivativeTransaction>
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                <value>Performance Stock Units</value>
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                <value>2023-06-21</value>
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                    <value>65631</value>
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                <sharesOwnedFollowingTransaction>
                    <value>108965</value>
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                <transactionFormType>5</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <value>2024-12-31</value>
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                <underlyingSecurityTitle>
                    <value>Class B common stock</value>
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                <underlyingSecurityShares>
                    <value>8666</value>
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                <value>Performance Stock Units</value>
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                    <value>Class B common stock</value>
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                    <value>13126</value>
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    <footnotes>
        <footnote id="F1">On June 21, 2023, Ramaco Resources, Inc. (the &quot;Company&quot;) reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.</footnote>
        <footnote id="F2">On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the &quot;Distribution&quot;) 0.2 shares of Class B common stock, $0.01 par value (&quot;Class B common stock&quot;), per share of existing common stock held by each holder as of the record date for the Distribution.</footnote>
        <footnote id="F3">Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.</footnote>
        <footnote id="F4">Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.</footnote>
        <footnote id="F5">Each holder of an outstanding restricted stock unit (&quot;RSU&quot;) with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.</footnote>
        <footnote id="F6">The RSUs vest in two equal annual installments beginning December 31, 2023.</footnote>
        <footnote id="F7">The RSUs vest in three equal annual installments beginning on January 31, 2024.</footnote>
        <footnote id="F8">Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.</footnote>
        <footnote id="F9">Each holder of an outstanding performance stock unit (&quot;PSU&quot;) with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.</footnote>
        <footnote id="F10">The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period.</footnote>
        <footnote id="F11">Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Barkley J. Sturgill, Jr., Attorney-in-Fact</signatureName>
        <signatureDate>2023-07-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-07052023_090718.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex24-07052023_090718.htm</title></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin:0px; font-size:12pt" align="right"><b>EXHIBIT 24</b></p>
<p style="margin:0px" align="center"><br></p>
<p style="margin:0px; font-size:12pt" align="center"><b>POWER OF ATTORNEY</b></p>
<p style="margin:0px" align="center"><br></p>
<p style="margin:0px; font-size:12pt">The undersigned, as a Section 16 reporting person of Ramaco Resources, Inc. (the <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>Company<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font>), hereby constitutes and appoints each of Randall W. Atkins and Barkley J. Sturgill, the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s true and lawful attorney-in-fact to:</p>
<p style="margin:0px"><br></p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" align="center"><tr style="font-size:0"><td width="24"></td><td width="600"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="24"><p style="margin:0px; font-size:12pt">1.</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="600"><p style="margin:0px; font-size:12pt">complete and execute such Forms 3, 4 and 5 and other forms and all amendments thereto as such attorney shall in his or her discretion determine to be required or advisable pursuant to Section 16 of the Securities Exchange Act of 1934 (as amended), and the rules and regulations promulgated thereunder, or any successor laws and regulations, as a consequence of the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s ownership, acquisition or disposition of securities of the Company, and</p>
</td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="24"><p style="margin:0px; font-size:12pt">2.</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="600"><p style="margin:0px; font-size:12pt">do all acts necessary in order to file such forms with the Securities and Exchange Commission, any securities exchange or national association, the Company and such other person or agency as the attorney shall deem appropriate.</p>
<p style="margin:0px"><br></p>
</td></tr></table><p style="margin:0px; font-size:12pt">The undersigned hereby ratifies and confirms all that said attorneys-in-fact and agents shall do or cause to be done by virtue hereof. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 (as amended). This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.</p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:12pt">In witness whereof, the undersigned has caused this Power of Attorney to be executed as of this 23rd day of June, 2023.</p>
<p style="margin:0px"><br></p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" align="center"><tr style="font-size:0"><td width="78.2"></td><td width="12.667"></td><td width="283"></td><td width="275.2"></td><td width="22.933"></td><td width="626.2"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="bottom" width="90.867" height="21" colspan="2"><p style="margin-top:0px; margin-bottom:1.333px; font-size:12pt"><i>Signature:</i></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1.333px solid #000000" valign="bottom" width="558.2" height="21" colspan="2"><p style="margin-top:0px; margin-bottom:1.333px; font-size:12pt">/s/ Christopher L. Blanchard</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="bottom" width="649.133" height="21" colspan="2"><p style="margin-top:0px; margin-bottom:16px; font-size:12pt"><i>&nbsp;</i></p>
</td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="bottom" width="78.2"><p style="margin-top:0px; margin-bottom:16px; font-size:12pt">Name:</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="bottom" width="295.667" colspan="2"><p style="margin-top:0px; margin-bottom:16px; font-size:12pt">Christopher L. Blanchard</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width="298.133" colspan="2"><p style="margin-top:0px; margin-bottom:16px"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width="626.133" colspan="2"><p style="margin:0px">&nbsp;</p></td></tr></table><p style="margin:0px"><br></p>
<p style="margin:0px"><br><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
