Ramaco Resources (METC) Director Peter A. Leidel Disposes 1,000,000 Shares

What Happened
Peter A. Leidel, a director of Ramaco Resources, reported two "other acquisition/disposition" (code J) transactions on 2026-08-25: a disposition of 1,000,000 shares at $0.00 and an acquisition of 8,571 shares at $0.00. The Form 4 shows $0 prices and footnotes indicating these were pro rata distributions from Yorktown Energy Partners funds rather than open-market trades, so no cash value is shown on the filing.

Key Details

• Transaction date: 2026-08-25 (filed with the SEC on 2026-08-28). The filing appears to have been submitted a business day after the typical 2-business-day Section 16 reporting window and may be late.
• Transaction codes/prices: Code J ("other acquisition/disposition"); both items reported at $0.00.
• Shares after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 notes pro rata distributions from Yorktown Energy Partners IX; other footnotes (F3–F5) state the securities are owned directly by Yorktown fund entities and F2 states the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest. The reporting person is a member/manager of the Yorktown fund entities.
• Interpretation: These entries reflect fund-level distributions/transfers (institutional activity), not a typical open-market sale or purchase by the director.

Context
Because the transactions are fund distributions (per footnotes) and reported at $0, they should be read as transfers or allocations from Yorktown partnership vehicles rather than the director personally buying or selling stock for cash. For retail investors, direct purchases by insiders can be more informative; fund distributions often reflect partnership bookkeeping and do not necessarily indicate the director's immediate personal liquidity decisions.