LEIDEL PETER A 4
4 · Ramaco Resources, Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Ramaco Resources (METC) Director Peter A. Leidel Sells $25.4M in Shares
What Happened
- Peter A. Leidel, a director of Ramaco Resources, reported a series of open-market/private sales (code S) in March 2026. Across multiple trades from March 5–26, 2026 he disposed of a total of 1,820,115 shares for aggregate gross proceeds of approximately $25,413,786. Individual weighted-average prices reported by date included $15.18 (Mar 5), $14.22 (Mar 17), $13.77 (Mar 18), $14.41 (Mar 19), $13.48 (Mar 20), $13.53 (Mar 23), $14.00 (Mar 24), $14.06 (Mar 25) and $13.67 (Mar 26). Per-footnotes, trade prices across the transactions ranged roughly from $13.335 to $15.60.
Key Details
- Dates: March 5–26, 2026 (multiple sales across those dates).
- Total shares sold: 1,820,115. Total gross proceeds: ≈ $25.41 million.
- Representative weighted-average prices per reporting lines: see above (individual lines show specific share counts and weighted prices). Actual sales occurred at many prices within the ranges noted in the filing footnotes.
- Ownership/structure: Many of the securities were owned directly by Yorktown Energy Partners IX, X and XI (footnotes F11–F13). Leidel is a member/manager of the general partner entities; he disclaims beneficial ownership except for any pecuniary interest (footnote F1).
- Footnotes on pricing: Several footnotes (F2–F10) state the reported prices are weighted averages and list the price ranges used to compute those averages. The filer offers to provide transaction-level breakdowns on request.
- Timeliness: The report was filed on June 10, 2026 for transactions in March — this is later than the typical two-business-day Form 4 deadline for Section 16 insiders (filing marked late).
Context
- These were sales (S), not purchases—sales can be routine (e.g., fund/liquidity management or portfolio rebalancing) and do not necessarily indicate negative views of the company. Because many shares were held by Yorktown funds and the reporting person is an officer of the general partner, these appear to be institutional/partner-level disposals rather than a simple personal retail sale.
- For retail investors, purchases by insiders generally carry clearer bullish signals than sales; here the filing documents substantial disposals but does not, by itself, reveal motivation.
Insider Transaction Report
Form 4
LEIDEL PETER A
Director
Transactions
- Sale
Class A Common Stock, par value $0.01 per share
[F1][F2][F11]2026-03-05$15.18/sh−6,637$100,744→ 3,090,497 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F2][F12]2026-03-05$15.18/sh−5,363$81,406→ 2,497,567 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F2][F13]2026-03-05$15.18/sh−8,115$123,178→ 3,778,682 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F3][F11]2026-03-17$14.22/sh−65,989$938,179→ 3,024,508 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F3][F12]2026-03-17$14.22/sh−53,328$758,175→ 2,444,239 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F3][F13]2026-03-17$14.22/sh−80,683$1,147,086→ 3,697,999 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F4][F11]2026-03-18$13.77/sh−65,989$908,438→ 2,958,519 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F4][F12]2026-03-18$13.77/sh−53,328$734,140→ 2,390,911 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F4][F13]2026-03-18$13.77/sh−80,683$1,110,723→ 3,617,316 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F5][F11]2026-03-19$14.41/sh−131,977$1,901,247→ 2,826,542 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F5][F12]2026-03-19$14.41/sh−106,657$1,536,490→ 2,284,254 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F5][F13]2026-03-19$14.41/sh−161,366$2,324,622→ 3,455,950 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F6][F11]2026-03-20$13.48/sh−65,989$889,604→ 2,760,553 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F6][F12]2026-03-20$13.48/sh−53,328$718,920→ 2,230,926 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F6][F13]2026-03-20$13.48/sh−80,683$1,087,696→ 3,375,267 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F7][F11]2026-03-23$13.53/sh−65,989$893,009→ 2,694,564 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F7][F12]2026-03-23$13.53/sh−53,328$721,672→ 2,177,598 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F7][F13]2026-03-23$13.53/sh−80,683$1,091,859→ 324,584 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F8][F11]2026-03-24$14.00/sh−65,989$923,872→ 2,628,575 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F8][F12]2026-03-24$14.00/sh−53,328$746,613→ 2,124,270 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F8][F13]2026-03-24$14.00/sh−80,683$1,129,594→ 3,213,901 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F9][F11]2026-03-25$14.06/sh−65,989$927,838→ 2,562,586 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F9][F12]2026-03-25$14.06/sh−53,328$749,818→ 2,070,942 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F9][F13]2026-03-25$14.06/sh−80,683$1,134,443→ 3,133,218 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F10][F11]2026-03-26$13.67/sh−65,989$902,208→ 2,496,597 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F10][F12]2026-03-26$13.67/sh−53,328$729,106→ 2,017,614 total(indirect: See Footnote) - Sale
Class A Common Stock, par value $0.01 per share
[F1][F10][F13]2026-03-26$13.67/sh−80,683$1,103,106→ 3,052,535 total(indirect: See Footnote)
Holdings
- 85,474
Class A Common Stock, par value $0.01 per share
Footnotes (13)
- [F1]The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
- [F10]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.335 to $14.04, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F11]These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the General Partner of Yorktown IX.
- [F12]These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the General Partner of Yorktown X.
- [F13]These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the General Partner of Yorktown XI.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.60, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points. The reporting person undertakes to Ramaco Resources, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2), (3), (4), (5), (6), (7), (8), (9), (10) and (11).
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.905 to $14.4225, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.585 to $14.10, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F5]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.7075 to $15.077, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F6]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.10 to $14.0977, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F7]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.20 to $13.85, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F8]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.31 to $14.5711, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
- [F9]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.80 to $14.35, inclusive. The weighted-average sale price reflected has been rounded to 4 decimal points.
Signature
/s/ Peter A. Leidel|2026-06-10