<SEC-DOCUMENT>0001415889-25-002118.txt : 20250127
<SEC-HEADER>0001415889-25-002118.hdr.sgml : 20250127
<ACCEPTANCE-DATETIME>20250127160510
ACCESSION NUMBER:		0001415889-25-002118
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250123
FILED AS OF DATE:		20250127
DATE AS OF CHANGE:		20250127

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sussman Jeremy R.
		CENTRAL INDEX KEY:			0001782102
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38003
		FILM NUMBER:		25559023

	MAIL ADDRESS:	
		STREET 1:		250 W. MAIN ST
		STREET 2:		STE. 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]
		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>
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    <footnotes>
        <footnote id="F1">The performance stock units granted on February 16, 2022 under the Ramaco Resources, Inc.'s (the &quot;Company&quot;) Long Term Incentive Plan vested on January 23, 2025 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the &quot;Committee&quot;). The Committee certified the achievement of pre-established performance targets at 93.3% for the performance period beginning on January 1, 2022 and ending on December 31, 2024.</footnote>
        <footnote id="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 January 22, 2025.</footnote>
        <footnote id="F3">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 January 22, 2025.</footnote>
        <footnote id="F4">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 (the &quot;December Dividend&quot;), to shareholders of record as of the close of Nasdaq on December 2, 2024, 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 750 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying performance stock units</footnote>
        <footnote id="F5">As a result of the December Dividend, the reporting person received 750 shares of Company's Class B common stock as of January 23, 2025 in respect of the stock dividends following settlement of the performance stock units, of which 212 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (January 23, 2025).</footnote>
        <footnote id="F6">Each performance stock unit represents a contingent right to receive one share of Class A common stock</footnote>
        <footnote id="F7">Amount excludes 2,903 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre- established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. See Footnote 1.</footnote>
        <footnote id="F8">Each performance stock unit represents a contingent right to receive one share of Class B common stock.</footnote>
        <footnote id="F9">Amount excludes 581 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre-established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. Please see Footnote 1</footnote>
        <footnote id="F10">Dividend equivalent units underlying the performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See Footnote 4 for further detail.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jonathan Tyler Adkins, Attorney-in-Fact</signatureName>
        <signatureDate>2025-01-27</signatureDate>
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