Sussman Jeremy R. 4

What Happened
Jeremy R. Sussman, Chief Financial Officer of Ramaco Resources, had multiple restricted and performance awards vest and convert into common stock on January 30, 2026. According to the Form 4, roughly 301,065 shares were issued/converted to him (including vested performance stock units and restricted stock units plus dividend equivalents). To satisfy tax withholding obligations, Sussman surrendered approximately 95,260 shares for cashless withholding at prices of $19.97 and $12.43, yielding about $1.79 million in proceeds/value. The Committee certified achievement of 200% of performance targets for the 2023–2025 performance period, causing additional PSUs to vest (65,631 Class A and 13,126 Class B).

Key Details

• Transaction date: January 30, 2026. Form filed Feb 2, 2026 (timely — within required business-day window).
• Primary codes: M = exercise/conversion of derivative (vest/convert); A = grant/award; F = shares surrendered to pay taxes.
• Approximate shares issued/converted: ~301,065 (includes PSUs, RSUs and dividend equivalents).
• Shares surrendered for tax withholding: ~95,260 shares, valued at about $1,785,872 (breakouts shown on the Form 4: 56,246 @ $19.97 = $1,123,233; 23,567 @ $19.97 = $470,633; 11,249 @ $12.43 = $139,825; 1,875 @ $12.43 = $23,306; 2,323 @ $12.43 = $28,875).
• Notable footnotes: Committee certified 200% performance (Footnote 1); 65,631 Class A and 13,126 Class B PSUs vested at 200% (F8, F10); dividend-equivalent shares and several RSU installments also vested (F3–F6, F11–F13). Shares were surrendered upon vesting to satisfy tax obligations (F2, F15).
• Shares owned after transaction: Not specified in the provided filing data.

Context

• This was compensation-related vesting/conversion (awards becoming shares) rather than an open-market purchase or voluntary sale. The combination of "M" (conversion/exercise) followed immediately by "F" (share surrender) indicates a cashless/ net-settlement-style withholding to cover taxes rather than a market-directed sale.
• These are routine executive compensation events; they do not necessarily indicate an independent buy/sell signal from the insider.