Form 4: Ramaco Resources COO Christopher Blanchard Reports Changes in Beneficial Ownership

Christopher Blanchard, COO of Ramaco Resources, reports the forfeiture of Class A and Class B common stock to satisfy tax obligations upon vesting.

Summary

• On June 30, 2024, Christopher Blanchard, the Chief Operating Officer of Ramaco Resources, Inc., reported changes in his beneficial ownership of the company's stock.
• Blanchard forfeited 86,373 shares of Class A common stock at a price of $12.45 and 17,275 shares of Class B common stock at a price of $10.86 to satisfy tax obligations upon vesting.
• Following these transactions, Blanchard directly owns 368,296 shares of Class A common stock and 74,235 shares of Class B common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, with no inherent positive or negative implications for the company's overall performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on ownership stakes. This filing indicates a standard practice of covering tax obligations related to stock vesting.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as the shares were acquired as treasury stock by the Issuer.

Key Dates