METC

SEC source: 0000899243-17-017637 · doc4.xml · nonDerivative · entry 1

Clemens Mark Allen · CIK 0001407148 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,320

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0000899243-17-017635 · doc4.xml · nonDerivative · entry 1

Bauersachs Michael Dale · CIK 0001390765 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,827,304

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0000899243-17-017634 · doc4.xml · nonDerivative · entry 1

WINDISCH MICHAEL P · CIK 0001263773 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,182

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0000899243-17-017633 · doc4.xml · nonDerivative · entry 1

Solochek Marc R. · CIK 0001457643 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,364

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0000899243-17-017631 · doc4.xml · nonDerivative · entry 1

Graney Patrick C III · CIK 0001649732 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,591

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0000899243-17-017627 · doc4.xml · nonDerivative · entry 1

WHITING RICHARD M · CIK 0001213884 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,591

F1 · kind: Represents shares of restricted stock granted under the Issuer's 2017 Long-Term Incentive Plan.

SEC source: 0001104659-17-007525 · a4.xml · nonDerivative · entry 3

ENERGY CAPITAL PARTNERS MEZZANINE, LLC · CIK 0001697190 · 10% owner

ENERGY CAPITAL PARTNERS MEZZANINE OPPORTUNITIES FUND A, LP · CIK 0001545720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY FUND B

Disclosed balance after: 985,534

F1 · price: This Form 4 is filed jointly by Energy Capital Partners Mezzanine, LLC (the "General Partner") and Energy Capital Partners Mezzanine Opportunities Fund A, LP ("Fund A") to report the sale of common stock to the underwriters in connection with the Issuer's initial public offering.

F2 · ownership.nature: The General Partner is the indirect general partner of Energy Capital Partners Mezzanine Opportunities Fund, LP ("Mezz Fund"), Fund A and ECP Mezzanine B (Ramaco IP), LP ("Fund B") (Mezz Fund, Fund A and Fund B are collectively referred to as the "ECP Funds") and, as such, is deemed to beneficially own the securities held by the ECP Funds. The General Partner is controlled by Douglas Kimmelman, Thomas Lane, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio (the "ECP Member"). None of the ECP Members are deemed to beneficially own any common stock held by the ECP Funds.

SEC source: 0001104659-17-007525 · a4.xml · nonDerivative · entry 2

ENERGY CAPITAL PARTNERS MEZZANINE, LLC · CIK 0001697190 · 10% owner

ENERGY CAPITAL PARTNERS MEZZANINE OPPORTUNITIES FUND A, LP · CIK 0001545720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY FUND A

Disclosed balance after: 4,423,181

F1 · price: This Form 4 is filed jointly by Energy Capital Partners Mezzanine, LLC (the "General Partner") and Energy Capital Partners Mezzanine Opportunities Fund A, LP ("Fund A") to report the sale of common stock to the underwriters in connection with the Issuer's initial public offering.

F2 · ownership.nature: The General Partner is the indirect general partner of Energy Capital Partners Mezzanine Opportunities Fund, LP ("Mezz Fund"), Fund A and ECP Mezzanine B (Ramaco IP), LP ("Fund B") (Mezz Fund, Fund A and Fund B are collectively referred to as the "ECP Funds") and, as such, is deemed to beneficially own the securities held by the ECP Funds. The General Partner is controlled by Douglas Kimmelman, Thomas Lane, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio (the "ECP Member"). None of the ECP Members are deemed to beneficially own any common stock held by the ECP Funds.

SEC source: 0001104659-17-007525 · a4.xml · nonDerivative · entry 1

ENERGY CAPITAL PARTNERS MEZZANINE, LLC · CIK 0001697190 · 10% owner

ENERGY CAPITAL PARTNERS MEZZANINE OPPORTUNITIES FUND A, LP · CIK 0001545720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BY MEZZ FUND

Disclosed balance after: 222,634

F1 · price: This Form 4 is filed jointly by Energy Capital Partners Mezzanine, LLC (the "General Partner") and Energy Capital Partners Mezzanine Opportunities Fund A, LP ("Fund A") to report the sale of common stock to the underwriters in connection with the Issuer's initial public offering.

F2 · ownership.nature: The General Partner is the indirect general partner of Energy Capital Partners Mezzanine Opportunities Fund, LP ("Mezz Fund"), Fund A and ECP Mezzanine B (Ramaco IP), LP ("Fund B") (Mezz Fund, Fund A and Fund B are collectively referred to as the "ECP Funds") and, as such, is deemed to beneficially own the securities held by the ECP Funds. The General Partner is controlled by Douglas Kimmelman, Thomas Lane, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio (the "ECP Member"). None of the ECP Members are deemed to beneficially own any common stock held by the ECP Funds.

SEC source: 0000899243-17-003511 · doc4.xml · derivative · entry 3

Atkins Randall Whittaker · CIK 0001693822 · Director · Director, Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 468,712

Underlying: Common Stock · 468,712 shares

Expires 2026-08-31

F6 · kind: As a result of the transactions described in footnotes (1) and (2), Mr. Atkins received 468,712 vested stock options granted under the Ramaco Resources, Inc. Long-Term Incentive Plan to purchase shares of the Issuer's common stock in exchange for his outstanding and unexercised vested unit options to purchase units of Ramaco Development, which were originally granted under the Ramaco Development 2016 Membership Unit Option Plan.

SEC source: 0000899243-17-003511 · doc4.xml · nonDerivative · entry 2

Atkins Randall Whittaker · CIK 0001693822 · Director · Director, Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,689,847

F4 · kind: Mr. Atkins sold 185,000 shares of the Issuer's common stock as a selling shareholder in the initial public offering, pursuant to a registration statement on Form S-1, as amended, initially filed by the Issuer on December 29, 2016.

F5 · price: This amount represents the offering price per share of the Issuer's common stock to the public and does not reflect the underwriting discounts and commission of $0.945 per share.

SEC source: 0000899243-17-003511 · doc4.xml · nonDerivative · entry 1

Atkins Randall Whittaker · CIK 0001693822 · Director · Director, Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,874,847

F1 · kind: Immediately prior to the closing of Ramaco Resources, Inc.'s (the "Issuer") initial public offering, and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub, LLC, a wholly owned subisiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"),

F2 · kind: (Continued from footnote (1)) (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units, and (iii) the outstanding and unexercised options granted pursuant to the Ramaco Development's 2016 Membership Unit Option Plan were converted into options to purchase shares of the Issuer's common stock under the Issuer's long-term incentive plan.

F3 · kind: As a result of the transactions described in footnotes (1) and (2), Ramaco Development became a wholly owned subsidiary of the Issuer. Pursuant to the transactions described in footnotes (1) and (2), Mr. Atkins received 1,874,847 shares of the Issuer's common stock as consideration based on his relative ownership of Units.

SEC source: 0000899243-17-003629 · doc4.xml · nonDerivative · entry 1

Yorktown X Associates LLC · CIK 0001687161 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 3,692,881

F1 · ownership.nature: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). Yorktown X Associates LLC ("Yorktown X Associates") is the sole general partner of Yorktown X Company LP, the sole general partner of Yorktown X.

F2 · ownership.nature: Yorktown X Associates disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that Yorktown X Associates is the beneficial owner of the securities for Section 16 or any other purpose.

SEC source: 0000899243-17-003627 · doc4.xml · nonDerivative · entry 1

Yorktown XI Associates LLC · CIK 0001687163 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 5,587,127

F1 · ownership.nature: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). Yorktown XI Associates LLC ("Yorktown XI Associates") is the sole general partner of Yorktown XI Company LP, the sole general partner of Yorktown XI.

F2 · ownership.nature: Yorktown XI Associates disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that Yorktown XI Associates is the beneficial owner of the securities for Section 16 or any other purpose.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 6

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,587,127

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F5 · ownership.nature: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 5

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 3,692,881

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F4 · ownership.nature: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 4

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 14,771,525

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F3 · ownership.nature: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 3

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,673,077

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F5 · ownership.nature: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 2

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 3,749,691

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F4 · ownership.nature: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

SEC source: 0000899243-17-003635 · doc4.xml · nonDerivative · entry 1

Keenan W Howard JR · CIK 0001370287 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 14,998,765

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F3 · ownership.nature: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.

SEC source: 0000899243-17-003631 · doc4.xml · nonDerivative · entry 1

Yorktown IX Associates LLC · CIK 0001526187 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 14,771,525

F1 · ownership.nature: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). Yorktown IX Associates LLC ("Yorktown IX Associates") is the sole general partner of Yorktown IX Company LP, the sole general partner of Yorktown IX.

F2 · ownership.nature: Yorktown IX Associates disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that Yorktown IX Associates is the beneficial owner of the securities for Section 16 or any other purpose.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 6

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 5,587,127

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F5 · ownership.nature: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 5

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 3,692,881

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F4 · ownership.nature: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 4

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,771,525

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F3 · ownership.nature: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 3

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 5,673,077

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F5 · ownership.nature: These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 2

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 3,749,691

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F4 · ownership.nature: These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

SEC source: 0000899243-17-003630 · doc4.xml · nonDerivative · entry 1

LAWRENCE BRYAN H · CIK 0001210010 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,998,765

F1 · kind: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F1 · price: Immediately prior to the closing of the initial public offering of Ramaco Resources, Inc. (the "Issuer") and pursuant to the Master Reorganization Agreement dated as of February 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"), and (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units.

F2 · balance_after: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F3 · ownership.nature: These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.

SEC source: 0000899243-17-003628 · doc4.xml · nonDerivative · entry 1

Yorktown Energy Partners X, L.P. · CIK 0001577919 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,692,881

SEC source: 0000899243-17-003623 · doc4.xml · nonDerivative · entry 1

Yorktown Energy Partners IX, L.P. · CIK 0001503466 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,771,525

SEC source: 0000899243-17-003622 · doc4.xml · nonDerivative · entry 1

Yorktown Energy Partners XI, L.P. · CIK 0001667954 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,587,127

SEC source: 0000899243-17-003495 · doc4.xml · derivative · entry 3

Bauersachs Michael Dale · CIK 0001390765 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 468,712

Underlying: Common Stock · 468,712 shares

Expires 2026-08-31

F6 · kind: As a result of the transactions described in footnotes (1) and (2), Mr. Bauersachs received 468,712 vested stock options granted under the Ramaco Resources, Inc. Long-Term Incentive Plan to purchase shares of the Issuer's common stock in exchange for his outstanding and unexercised vested unit options to purchase units of Ramaco Development, which were originally granted under the Ramaco Development 2016 Membership Unit Option Plan.

SEC source: 0000899243-17-003495 · doc4.xml · nonDerivative · entry 2

Bauersachs Michael Dale · CIK 0001390765 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,689,847

F4 · kind: Mr. Bauersachs sold 185,000 shares of the Issuer's common stock as a selling shareholder in the initial public offering, pursuant to a registration statement on Form S-1, as amended, initially filed by the Issuer on December 29, 2016.

F5 · price: This amount represents the offering price per share of the Issuer's common stock to the public and does not reflect the underwriting discounts and commission of $0.945 per share.

SEC source: 0000899243-17-003495 · doc4.xml · nonDerivative · entry 1

Bauersachs Michael Dale · CIK 0001390765 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,874,847

F1 · kind: Immediately prior to the closing of Ramaco Resources, Inc.'s (the "Issuer") initial public offering, and pursuant to the Master Reorganization Agreement dated as of Ferbuary 1, 2017 by and among Ramaco Development, LLC ("Ramaco Development"), the Issuer, Ramaco Merger Sub, LLC, a wholly owned subisiary of the Issuer ("Merger Sub"), and the other parties thereto, (i) the preferred units in Ramaco Development were converted into common units ("Units"),

F2 · kind: (Continued from footnote (1)) (ii) Ramaco Development merged into Merger Sub, and certain existing owners received, as consideration in the merger, shares of the Issuer's common stock, with such shares of common stock allocated among the existing owners pro rata based on their relative ownership of Units, and (iii) the outstanding and unexercised options granted pursuant to Ramaco Development's 2016 Membership Unit Option Plan were converted into options to purchase shares of the Issuer's common stock under the Issuer's long-term incentive plan.

F3 · kind: As a result of the transactions described in footnotes (1) and (2), Ramaco Development became a wholly owned subsidiary of the Issuer. Pursuant to the transactions described in footnotes (1) and (2), Mr. Bauersachs received 1,874,847 shares of the Issuer's common stock as consideration based on his relative ownership of Units.