Form 4: Yorktown XI Trims Ramaco Resources Stake

Yorktown XI Associates LLC, a 10% owner of Ramaco Resources, Inc., reported selling 9,330 shares of Class B Common Stock over three days in late March 2026.

Summary

• Yorktown XI Associates LLC, a 10% owner of Ramaco Resources, Inc. (METC), sold a total of 9,330 shares of Class B Common Stock.
• The sales occurred on March 24, 25, and 26, 2026, and were made pursuant to a Rule 10b5-1(c) trading plan.
• On March 24, 2026, 3,060 shares were sold at a weighted average price of $11.5756 per share, with prices ranging from $11.20 to $11.91.
• On March 25, 2026, 3,874 shares were sold at a weighted average price of $11.2376 per share, with prices ranging from $11.00 to $11.92.
• On March 26, 2026, 2,396 shares were sold at a weighted average price of $10.7833 per share, with prices ranging from $10.50 to $11.325.
• Following these transactions, Yorktown XI Associates LLC indirectly beneficially owns 1,243,197 shares of Class B Common Stock.
• The reported beneficial ownership includes 240,791 shares 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: 5

Explanation: StockSavvy.ai views this as a neutral event. While insider selling can be a negative signal, the transactions were pre-planned under a 10b5-1 plan, and the volume is relatively small compared to the total holdings, suggesting routine portfolio management rather than a strong bearish outlook.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than an immediate reaction to new information.
• The reporting person still holds a significant stake of over 1.24 million shares, demonstrating continued investment in Ramaco Resources.
• The beneficial ownership includes shares received as payment-in-kind dividends, suggesting a return on preferred stock holdings.

Negatives

• A 10% owner is reducing its stake in the company, which could be perceived negatively by the market.
• The sale prices declined over the three-day period, from $11.5756 to $10.7833, indicating a downward trend during the selling period.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider selling, even under a Rule 10b5-1 plan, can sometimes be interpreted by the market as a signal, particularly when a significant shareholder like a 10% owner reduces their stake. However, the relatively small volume of shares sold compared to the total beneficial ownership suggests this might be part of routine portfolio management rather than a bearish signal on Ramaco Resources' core business in the coal industry.

Related Party Transactions

• The sales by Yorktown XI Associates LLC, a 10% owner, represent transactions by a related party.
• The beneficial ownership includes 240,791 shares received as payment-in-kind dividends on Series A and Series B Preferred Stock from Ramaco Resources, which is a related party transaction.

Stakeholder Impact

• Shareholders: May interpret the selling by a 10% owner as a negative signal, potentially leading to short-term price volatility.
• Company Management: The sales by a significant investor could prompt questions regarding the company's outlook, though the 10b5-1 plan mitigates immediate concerns.

Key Dates

Recommendation

While a 10% owner reducing their stake could be a concern, the sales were executed under a pre-arranged 10b5-1 plan, suggesting a systematic approach rather than a reaction to adverse news. The volume sold is also a small fraction of the total beneficial ownership. Investors should monitor future insider activity and company performance, but this specific filing does not warrant a strong buy or sell recommendation based solely on these routine transactions.

Keywords

Ramaco Resources, METC, Yorktown XI Associates, insider trading, Form 4, stock sale, beneficial ownership, 10b5-1 plan, Class B Common Stock, institutional investor