Form 4: Ramaco Resources Director Charles Lynch III Reports Share Reclassification and Acquisition

Director Charles Lynch III reports transactions related to the reclassification of Ramaco Resources common stock and subsequent acquisitions of Class A and Class B common stock.

Summary

• On June 21, 2023, Ramaco Resources reclassified its existing common stock as Class A common stock.
• On the same date, the company issued Class B common stock as a dividend to existing shareholders at a rate of 0.2 shares per existing share.
• Director Charles Lynch III reported the disposition of 94,064 common stock shares and acquisition of 94,064 Class A common stock shares on June 21, 2023, due to the reclassification.
• He also acquired 18,812 Class B common stock shares on the same date as part of the dividend distribution.
• On February 29, 2024, Lynch acquired 5,297 Class A common stock shares.
• Following these transactions, Lynch directly owns 99,361 Class A common stock shares and 18,812 Class B common stock shares.
• Lynch has granted power of attorney to Jeremy R. Sussman and Tyler Adkins to handle SEC filings related to Ramaco Resources securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reports transactions without expressing any positive or negative outlook.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director.

Key Dates