Form 4: Ramaco Resources Director Patrick C. Graney, III Reports Ownership Changes
SEC Form 4 Filing
Director Patrick C. Graney, III reports acquisition of Class A common stock and reclassification of common stock in Ramaco Resources, Inc.
Summary
- On June 21, 2023, Ramaco Resources, Inc. 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 common stockholders.
- Patrick C. Graney, III acquired 5,297 shares of Class A common stock on February 29, 2024, at no cost.
- Following the transaction on February 29, 2024, Graney directly owns 197,780 shares of Class A common stock, 38,496 shares of Class B common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.
Positives
- The director's acquisition of additional shares could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/21/2023 | Reclassification of common stock to Class A and distribution of Class B common stock. |
| 02/29/2024 | Acquisition of Class A common stock by Patrick C. Graney, III. |
| 03/04/2024 | Date of signature for the report. |
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