Jones Estill Forrest Jr. 4
4 · Ramaco Resources, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ramaco (METC) GC Jones Forrest Exercises RSUs, Surrenders Shares
What Happened
- Jones Estill Forrest Jr., General Counsel of Ramaco Resources (METC), converted restricted stock units (RSUs) into common shares and surrendered a portion of shares to satisfy tax withholding. The filing shows conversion/acquisition of 3,176 shares (3,100 + 76) and the surrender/disposition of 4,347 shares (3,342 + 981 + 24) to cover taxes, with reported values for the surrendered shares totaling $86,629 (three line-item amounts: $66,740; $19,591; $298).
Key Details
- Transaction dates: primarily January 30, 2026 (vesting/conversion entries also reference January 31, 2026 for a separate grant vesting).
- Prices/values reported for surrendered shares: 3,342 @ $19.97 = $66,740; 981 @ $19.97 = $19,591; 24 @ $12.43 = $298. Exercise/conversion entries show $0 cash paid (typical for RSU conversion).
- Shares acquired via conversion: 3,176 total (3,100 + 76). Shares surrendered to cover tax obligations: 4,347 total.
- Footnotes: multiple RSU grants vested (Feb 24, 2025 grant vested Jan 31, 2026; first installment of a May 1, 2025 grant vested Jan 30, 2026). Surrenders reflect shares withheld to satisfy tax obligations, with withholding amounts based on the closing prices on Jan 29, 2026 (footnotes F1–F3, F6). Dividend-equivalent units and Class B dividend issuances are also noted (F4–F5, F7).
- Filing: Form 4 filed Feb 2, 2026 reporting the Jan 30–31, 2026 transactions. No late-filing indicator provided in the excerpt.
Context
- These transactions are not an open-market sale for investment purposes but appear to be routine: RSUs vested and were converted to shares, and a portion of shares were surrendered/withheld to cover tax liabilities (a common, cashless-withholding action).
- For retail investors, such tax-withholding surrenders reduce the insider’s net holdings but are generally clerical/routine following vesting rather than a direct bearish signal.
Insider Transaction Report
Form 4
Jones Estill Forrest Jr.
General Counsel
Transactions
- Tax Payment
Class A common stock
[F1]2026-01-30$19.97/sh−3,342$66,740→ 57,245 total - Exercise/Conversion
Class A common stock
[F2]2026-01-30+3,100→ 60,345 total - Tax Payment
Class A common stock
[F3]2026-01-30$19.97/sh−981$19,591→ 59,364 total - Exercise/Conversion
Class B common stock
[F5][F4]2026-01-30+76→ 12,754 total - Tax Payment
Class B common stock
[F6]2026-01-30$12.43/sh−24$298→ 12,730 total - Exercise/Conversion
Restricted Stock Units
[F7][F2]2026-01-30−3,100→ 6,200 total→ Class A common stock (3,100 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F5]2026-01-30−76→ 0 total→ Class B common stock (76 underlying)
Footnotes (7)
- [F1]On February 24, 2025, the Reporting Person received a restricted stock grant of 10,560 shares (the "February Grant") under the Ramaco Resources, Inc.'s (the "Company") 2017 Long Term Incentive Plan. The full award under the February Grant vested on January 31, 2026. Amount reflects shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.
- [F2]The first installment of restricted stock units granted on May 1, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.
- [F3]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.
- [F4]As a result of the three common stock dividends paid in Class B common stock since the reporting person's last filing 1) declared on March 17, 2025 and paid on June 13, 2025, 2) declared on August 22, 2025 and paid on September 19, 2025, and 3) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 886 shares of Class B common Stock, which are included in the reported amount.
- [F5]Dividend equivalent units underlying the first tranche of restricted stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnote 4 for further detail.
- [F6]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 29, 2026.
- [F7]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
Signature
/s/ Jonathan T Adkins, Attorney in Fact|2026-02-02