Sec Form 4 Filing - Blanchard Christopher L @ Ramaco Resources, Inc. - 2024-02-29

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Blanchard Christopher L 2. Issuer Name and Ticker or Trading Symbol Ramaco Resources, Inc. [ METC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CHIEF OPERATING OFFICER (Last) (First) (Middle) 250 WEST MAIN STREET, SUITE 1900 3. Date of Earliest Transaction (MM/DD/YY) 02/29/2024 (Street) LEXINGTON, KY40507 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units $ 0 ( 1 ) 02/29/2024 A 29,198 ( 2 ) ( 2 ) Class A common stock 29,198 $ 0 87,396 ( 3 ) D Performance Stock Units $ 0 ( 4 ) 02/29/2024 A 29,198 ( 4 ) 12/31/2026 Class A common stock 29,198 $ 0 138,163 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Blanchard Christopher L 250 WEST MAIN STREET SUITE 1900 LEXINGTON, KY40507 CHIEF OPERATING OFFICER Signatures /s/ Tyler Adkins, Attorney-in-Fact 03/04/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Each restricted stock unit ("RSU") represents a contingent right to receive one share of Ramaco Resources, Inc. (the "Company") Class A common stock. ( 2 )The RSUs vest in three equal installments beginning on January 31, 2025. ( 3 )This consists of 14,444 RSUs remaining from the Company's February 16, 2022 grant, 43,754 RSUs remaining from the Company's February 20, 2023 grant, and 29,198 RSUs remaining from the Company's February 29, 2024 grant. ( 4 )Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A common stock. The PSUs vest upon the Company's Class A common stock achieving a specified total shareholder return for a measurement period. ( 5 )This consists of 43,334 PSUs remaining from the Company's February 16, 2022 grant, 65,631 PSUs remaining from the Company's February 20, 2023 grant, and 29,198 PSUs remaining from the Company's February 29, 2024 grant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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