Yorktown Energy Partners XI, L.P. 4

What Happened Yorktown Energy Partners XI, L.P., a reported 10% owner of Ramaco Resources, sold a total of 9,330 shares of Ramaco common stock across three transactions on March 24–26, 2026. The sales were: 3,060 shares at a weighted-average price of $11.58 (proceeds $35,421), 3,874 shares at $11.24 (proceeds $43,534), and 2,396 shares at $10.78 (proceeds $25,837), for aggregate proceeds of approximately $104,792. These were dispositions (sales), which are often routine for institutional holders and do not necessarily signal management sentiment.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-03-24: 3,060 shares @ $11.58 (F2; per-share prices in this lot ranged $11.20–$11.91)
  • 2026-03-25: 3,874 shares @ $11.24 (F3; range $11.00–$11.92)
  • 2026-03-26: 2,396 shares @ $10.78 (F4; range $10.50–$11.325)
• Total shares sold: 9,330; approximate total proceeds: $104,792.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Yorktown disclaims beneficial ownership except to the extent of its pecuniary interest.
  • F2–F4: Reported prices are weighted averages; the filing offers to provide per-trade price breakdowns on request.
  • F5: Separately notes Yorktown received 240,791 shares as payment-in-kind dividends on preferred stock previously (exempt from reporting under Rule 16a-9(a)).
• Filing: Report filed on 2026-03-26 (covers transactions Mar 24–26); filing date appears consistent with standard Form 4 timing.

Context This filing reflects institutional selling by a 10% holder (Yorktown Energy), not insider executive trades. Institutional sales can be for portfolio management or liquidity and should not be taken alone as a definitive signal about company prospects. The filing’s footnotes show the sales occurred in multiple tranches at slightly different prices; the reporting person also disclaims broader beneficial ownership beyond its pecuniary interest.