Form 4: Yorktown Energy Partners IX Sells Ramaco Resources Shares

Yorktown Energy Partners IX, a 10% owner of Ramaco Resources, Inc., reported multiple sales of Class B Common Stock totaling 9,407 shares in late March 2026.

Summary

• Yorktown Energy Partners IX, L.P., a 10% owner of Ramaco Resources, Inc. (METC), reported sales of Class B Common Stock.
• A total of 9,407 shares of Class B Common Stock were sold across three transactions between March 24, 2026, and March 26, 2026.
• The sales occurred at weighted average prices ranging from $10.7833 to $11.5756 per share.
• Following these transactions, Yorktown Energy Partners IX beneficially owns 1,226,642 shares of Class B Common Stock.
• The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest.
• The reported beneficial ownership includes 220,074 shares of common stock received as payment-in-kind dividends on Series A and Series B Preferred Stock, which are exempt from reporting under Rule 16a-9(a).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a moderately negative signal due to significant insider selling, which can erode investor confidence, although the volume sold is a small fraction of the total holdings.

Negatives

• A significant shareholder (10% owner) has reduced its stake in Ramaco Resources, Inc. through multiple sales.
• Insider selling can be perceived by the market as a signal of reduced confidence in the company's future prospects or that the stock is fully valued.

Risks

• Market perception of insider selling could negatively impact investor sentiment and the company's stock price.
• The sales by a 10% owner might suggest a lack of conviction in the company's near-term growth or valuation.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider selling, even by a 10% owner, can be a common occurrence for various reasons including portfolio rebalancing or liquidity needs. However, in the context of the energy sector, particularly coal, such sales are often scrutinized for signals regarding future commodity prices or company-specific performance outlooks.

Related Party Transactions

• Yorktown Energy Partners IX, L.P., a 10% owner of Ramaco Resources, Inc., engaged in sales of Class B Common Stock. Transactions by a 10% owner are considered related party transactions under SEC rules.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.
• The company's reputation among investors could be slightly impacted if the sales are perceived as a lack of belief in future growth by a major owner.

Key Dates

Recommendation

While the insider selling by a 10% owner is a negative signal, the volume of shares sold (9,407) represents a relatively small portion of Yorktown Energy Partners IX's total beneficial ownership (over 1.2 million shares). This suggests the sales might be for portfolio rebalancing or liquidity rather than a complete loss of confidence. Investors should monitor future insider activity and company performance, but a 'hold' recommendation is appropriate given the limited scale of the current sales.

Keywords

Ramaco Resources, METC, Yorktown Energy Partners IX, Insider Selling, Form 4, Beneficial Ownership, Class B Common Stock, Coal Mining, Energy Sector