Form 4: Yorktown XI Associates LLC Reduces Stake in Ramaco Resources

Yorktown XI Associates LLC reports selling shares of Ramaco Resources Class A and Class B common stock over a three-day period.

Summary

• Yorktown XI Associates LLC, a 10% owner of Ramaco Resources, Inc., filed a Form 4 disclosing sales of Class A and Class B common stock.
• On March 20, 2025, Yorktown XI sold 64,546 shares of Class A common stock at an average price of $8.9128 and 7,856 shares of Class B common stock at an average price of $8.0887.
• On March 21, 2025, the entity sold 72,614 shares of Class A common stock at an average price of $8.7115 and 11,257 shares of Class B common stock at an average price of $7.992.
• On March 24, 2025, Yorktown XI sold 90,769 shares of Class A common stock at an average price of $8.9254 and 7,505 shares of Class B common stock at an average price of $7.9672.
• Following these transactions, Yorktown XI indirectly owns 4,607,747 shares of Class A common stock and 1,052,404 shares of Class B common stock.
• The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of share sales by a major shareholder. The impact on the company is uncertain.

Negatives

• Yorktown XI Associates LLC, a significant shareholder, is reducing its position in Ramaco Resources.

Risks

• Continued selling pressure from Yorktown XI could negatively impact the stock price.

Industry Context

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into their trading activities. This sale could be part of a broader portfolio rebalancing strategy by Yorktown XI.

Comparison to Industry Standards

• It's common for private equity firms like Yorktown XI to gradually reduce their stakes in portfolio companies after a period of ownership.
• The impact of these sales on Ramaco Resources' stock price will depend on market conditions and investor sentiment.
• Comparable transactions involving sales by large shareholders in similar coal companies can be used to benchmark the potential price impact.

Stakeholder Impact

• Shareholders may react to the news of Yorktown XI selling shares.
• The sales could create short-term selling pressure on the stock.

Key Dates

Keywords

Ramaco Resources, METC, Yorktown XI Associates LLC, share sale, Form 4, beneficial ownership, Class A Common Stock, Class B Common Stock