<SEC-DOCUMENT>0001415889-24-002232.txt : 20240202
<SEC-HEADER>0001415889-24-002232.hdr.sgml : 20240202
<ACCEPTANCE-DATETIME>20240202080734
ACCESSION NUMBER:		0001415889-24-002232
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240131
FILED AS OF DATE:		20240202
DATE AS OF CHANGE:		20240202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Marcum John Cecil
		CENTRAL INDEX KEY:			0001785124
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38003
		FILM NUMBER:		24588857

	MAIL ADDRESS:	
		STREET 1:		PO BOX 146
		CITY:			SIDNEY
		STATE:			KY
		ZIP:			41564

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ramaco Resources, Inc.
		CENTRAL INDEX KEY:			0001687187
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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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        <issuerName>Ramaco Resources, Inc.</issuerName>
        <issuerTradingSymbol>METC</issuerTradingSymbol>
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            <rptOwnerName>Marcum John Cecil</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SIDNEY</rptOwnerCity>
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            <rptOwnerZipCode>41564</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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                <footnoteId id="F1"/>
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    <footnotes>
        <footnote id="F1">The first installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 31, 2024.</footnote>
        <footnote id="F2">Shares forfeited upon vesting to satisfy tax obligations.  The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on January 30, 2024.  Such shares were acquired as treasury stock by the issuer.</footnote>
        <footnote id="F3">Shares forfeited upon vesting to satisfy tax obligations.  The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on January 30, 2024.  Such shares were acquired as treasury stock by the issuer.</footnote>
        <footnote id="F4">Each restricted stock unit represents a contingent right to receive one share of Class A common stock.</footnote>
        <footnote id="F5">This consists of 4,321 restricted stock units remaining from the Company's February 16, 2022 grant and 36,580 restricted stock units remaining from the Company's February 20, 2023 grant.</footnote>
        <footnote id="F6">Each restricted stock unit represents a contingent right to receive one share of Class B common stock.</footnote>
        <footnote id="F7">This consists of 864 restricted stock units remaining from the Company's February 16, 2022 grant and 7,316 restricted stock units remaining from the Company's February 20, 2023 grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Tyler Adkins, Attorney-in-Fact</signatureName>
        <signatureDate>2024-02-02</signatureDate>
    </ownerSignature>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-02022024_010229.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex24-02022024_010229.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; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="center"><b>POWER OF ATTORNEY</b></p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="justify">With respect to holdings of and transactions in securities issued by 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>), the undersigned hereby constitutes and appoints the individuals named on <u>Schedule A</u> attached hereto and as may be amended from time to time, or any of them signing singly, with full power of substitution and resubstitution, to act as 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; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="0.4"></td><td width="10"></td><td width="613.6"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="0.4"><p style="margin:0px"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="10"><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="613.6"><p style="margin:0px; font-size:12pt" align="justify">&nbsp;prepare, execute in the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s name and on the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s behalf, and submit to the United States Securities and Exchange Commission (the <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>SEC<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font>) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain and/or regenerate codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934, as amended, or any rule or regulation of the SEC;</p>
</td></tr></table><p style="margin:0px; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="0.4"></td><td width="10"></td><td width="613.6"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="0.4"><p style="margin:0px"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="10"><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="613.6"><p style="margin:0px; font-size:12pt" align="justify">&nbsp;execute for and on behalf of the undersigned, Forms 3, 4, and 5 in accordance with Section 16 of the Securities Exchange Act of 1934, as amended, and the rules thereunder;</p>
</td></tr></table><p style="margin:0px; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="0.4"></td><td width="10"></td><td width="613.6"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="0.4"><p style="margin:0px"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="10"><p style="margin:0px; font-size:12pt">3.</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="613.6"><p style="margin:0px; font-size:12pt" align="justify">&nbsp;do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and</p>
</td></tr></table><p style="margin:0px; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="0.4"></td><td width="10"></td><td width="613.6"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="0.4"><p style="margin:0px"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="10"><p style="margin:0px; font-size:12pt">4.</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="613.6"><p style="margin:0px; font-size:12pt" align="justify">&nbsp;take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion.</p>
</td></tr></table><p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="justify">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution and resubstitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorneys-in-fact substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="justify">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 any 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.</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="justify">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; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px"><br><br></p>
<hr style="margin-bottom: 9.6px; padding-top: 9.6px;" noshade size="1"><p style="margin:0px; font-size:12pt; page-break-before:always">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; text-indent:48px; font-size:12pt">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 24th day of January 2024.</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" align="center"><tr style="font-size:0"><td width="14.933"></td><td width="50.067"></td><td width="266.667"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="14.933"><p style="margin:0px; font-size:12pt">&nbsp;</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="50.067"><p style="margin:0px; font-size:12pt">By:</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="top" width="266.667"><p style="margin:0px; font-size:12pt">/s/ John C. Marcum</p>
</td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="14.933"><p style="margin:0px; font-size:12pt">&nbsp;</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="50.067"><p style="margin:0px; font-size:12pt">Name:</p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="266.667"><p style="margin:0px; font-size:12pt">John C. Marcum</p>
</td></tr></table><p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px"><br><br></p>
<hr style="margin-bottom: 9.6px; padding-top: 9.6px;" noshade size="1"><p style="margin:0px; font-size:12pt; page-break-before:always">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="center"><u>Schedule A</u></p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px; font-size:12pt" align="center">Individuals Appointed as Attorney-in-Fact with Full Power of Substitution and Resubstitution</p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="2.267"></td><td width="18"></td><td width="314.133"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="2.267"><p style="margin:0px" align="justify"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="18"><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="314.133"><p style="margin:0px; font-size:12pt" align="justify">Jeremy R. Sussman</p>
</td></tr></table><p style="margin:0px"><br></p>
<table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0" width="100%" align="center"><tr style="font-size:0"><td width="2.267"></td><td width="18"></td><td width="314.133"></td></tr><tr><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="2.267"><p style="margin:0px" align="justify"><br></p>
</td><td style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign="top" width="18"><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="314.133"><p style="margin:0px; font-size:12pt" align="justify">Tyler Adkins</p>
</td></tr></table><p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:12pt">&nbsp;</p>
<p style="margin:0px"><br><br></p>
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