Ramaco (METC) Director Bryan H. Lawrence Transfers Shares

What Happened

• Bryan H. Lawrence, a director of Ramaco Resources, reported non‑cash transfers on 2026-09-02: a disposition of 1,000,000 shares at $0.00 and an acquisition of 88,135 shares at $0.00 (transaction code J — "other acquisition or disposition"). Both transactions show $0 consideration, indicating transfers/distributions rather than open‑market cash trades. Net change: -911,865 shares.

Key Details

• Transaction date: 2026-09-02; Filing date (Form 4): 2026-09-03 (filed the next day).
• Prices: $0.00 for both disposition and acquisition (non‑cash transfer/distribution).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 indicates these were pro rata distributions from Yorktown energy funds; F2 states Lawrence disclaims beneficial ownership except to the extent of pecuniary interest; F3–F5 explain that the securities are owned by various Yorktown entities and describe Lawrence’s roles in those entities.
• Timeliness: Filing appears timely (filed one day after the report date).

Context

• Code "J" and $0 consideration typically mean an internal transfer, distribution, or reallocation among affiliated entities, not a market sale or purchase. The filing indicates these shares are held by Yorktown partnership vehicles (not directly by Lawrence), and he disclaims beneficial ownership beyond any economic interest — so this is institutional/fund activity tied to Yorktown structures rather than a straightforward personal buy or sell by the director.