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

What Happened

• Peter A. Leidel, a director of Ramaco Resources, reported two “other acquisition or disposition” transactions on 2026-09-02: a disposition of 1,000,000 shares and an acquisition of 46,777 shares. Both transactions are reported at a $0 per-share price (total value $0) in the Form 4. These are coded as non-market transfers/distributions rather than open-market buys or sales.

Key Details

• Transaction date(s): 2026-09-02; Form 4 filed 2026-09-03 (timely filing).
• Transactions reported as: Other acquisition or disposition (Code J).
• Price reported: $0.00 per share; reported total value $0 for each line.
• Shares disposed: 1,000,000; shares acquired: 46,777.
• Shares owned after transaction: not specified in the information provided in your summary.
• Footnotes of note:
  • F1: Transactions reflect pro rata distributions from Yorktown Energy Partners X and related entities.
  • F2: Leidel disclaims beneficial ownership of certain securities except for his pecuniary interest.
  • F3–F5: Some securities are owned directly by Yorktown funds (IX, X, XI); Leidel is a member/manager of related general partner entities.
• Filing timeliness: No late filing indicated.

Context

• Code J ("other acquisition or disposition") typically denotes a non-market transfer such as a distribution among partners or entity-level reallocation, not an open-market sale or purchase; because the transactions are recorded at $0, they do not reflect a cash sale or purchase price in the Form 4.
• Footnotes indicate these shares are tied to partnerships (Yorktown funds) and that Leidel’s reported position is largely indirect through those entities; F2 further limits his claim of beneficial ownership to his financial interest only.
• For retail investors: these types of entity-level transfers often reflect fund administration or reallocation and are not the same signal as an insider selling shares on the open market.