LEIDEL PETER A 4

What Happened

• Peter A. Leidel, a director of Ramaco Resources, sold a total of 52,410 shares of Ramaco common stock in a series of open-market/private sales between March 24 and March 30, 2026. The individual trades ranged in size and price; aggregate proceeds were approximately $576,755. These transactions are reported as sales (transaction code S) — routine dispositions rather than purchases.

Key Details

• Dates and prices: sales occurred Mar 24–30, 2026 at executed prices shown per trade (reported per-trade prices ranged roughly from $10.34 to $11.58). Footnotes indicate some reported prices are weighted averages across multiple executions (see footnotes F2–F6).
• Total sold: 52,410 shares; total proceeds ≈ $576,755.
• Ownership after transaction: not specified in the provided excerpt. Footnotes F10–F12 state the shares are owned directly by Yorktown Energy Partners IX, X and XI, L.P.; Leidel is a member/manager of the related general partner entities and disclaims beneficial ownership except for any pecuniary interest (footnote F1).
• Filing timeliness: Form 4 was filed on June 10, 2026 while the reported trades occurred Mar 24–30, 2026; this suggests the filing was late relative to the typical two-business-day Form 4 deadline.
• Other notes: Footnotes F7–F9 reference prior payment-in-kind (PIK) share issuances exempt under Rule 16a-9(a). There is no indication of option exercises, gifts, or 10b5-1 plans in the provided excerpt.

Context

• These are sales (dispositions) — common for directors or affiliated investors and not necessarily a signal about company fundamentals. The reporting structure indicates these shares are held via Yorktown partnership vehicles (institutional ownership), not necessarily direct personal holdings. The late filing may delay public visibility of the trades but does not change the nature of the transactions.