Transaction Details

Footnotes

On December 5, 2024, the Issuer declared a stock dividend of $0.1375 per share of Class A common stock, payable in shares of the Issuer's Class B common stock on March 14, 2025, to shareholders of record as of the close of Nasdaq on February 28, 2025, with the amount of Class B shares to be issued per share for each share of Class A common stock owned determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($8.85 on February 28, 2025). As a result, the Reporting Person received 859 shares of Company's Class B common stock as of March 14, 2025. The Reporting Person's receipt of the Issuer's Class B common stock in connection with this stock dividend was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-9 promulgated thereunder. | On May 1, 2025, the Reporting Person received a restricted stock unit grant of 9,300 units under the Ramaco Resources, Inc. (the "Company") 2017 Long Term Incentive Plan. The restricted stock units will vest in three equal annual installments beginning on January 31, 2026. | Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock. | On May 1, 2025, the Reporting Person received a performance stock unit grant of 9,300 units under the Company's 2017 Long Term Incentive Plan. The performance period began on January 31, 2025 and will end on December 31, 2027. The performance stock units will vest upon the certification of the Compensation Committee of the Company's Board of Directors as to the percentage of achievement based on pre-established performance targets. | Each performance stock unit represents a contingent right to receive one share of the Company's Class A common stock.