Insider Trading March 31, 2026

Yorktown Energy Partners Trims Stake in Ramaco Resources with Small Block Sale

10,325 Class B shares sold across two transactions as company navigates restructuring, legal action and operational shifts

By Sofia Navarro METC
Yorktown Energy Partners Trims Stake in Ramaco Resources with Small Block Sale
METC

Yorktown Energy Partners IX, L.P. — a holder of roughly 10% of Ramaco Resources, Inc. (NASDAQ: METC) — disposed of 10,325 Class B common shares in two trades between March 27 and March 30, 2026, generating $111,532 in proceeds. The disposals took place against a backdrop of recent corporate developments at Ramaco, including Q4 2025 results emphasizing cost control, a board-approved reorganization into four subsidiaries, a trade-secrets lawsuit, and insider option exercises by the chief executive.

Key Points

  • Yorktown Energy Partners IX, L.P. sold 10,325 Class B shares of Ramaco Resources between March 27 and March 30, 2026, for total proceeds of $111,532.
  • Trades were split: 8,059 shares on March 27 at a weighted average price of $10.93 (range $10.55 - $11.29), and 2,266 shares on March 30 at a weighted average price of $10.34 (range $10.06 - $10.70); Yorktown now holds 1,216,317 shares.
  • Recent corporate developments at Ramaco include Q4 2025 results highlighting cost management and operational resilience, a board-approved plan to reorganize into four subsidiaries, a trade secrets lawsuit against ex-employee Alex J. Moyes, and an insider option exercise by CEO Randall W. Atkins.

Yorktown Energy Partners IX, L.P., identified as a roughly ten percent owner of Ramaco Resources, Inc. (NASDAQ: METC), reduced part of its position in the company late in March 2026, according to a Form 4 filed with the Securities and Exchange Commission.

The limited partner sold a total of 10,325 shares of Class B common stock in two separate transactions executed between March 27 and March 30, 2026, realizing combined proceeds of $111,532.

On March 27, 2026, Yorktown sold 8,059 shares at a weighted average price of $10.93 per share, with individual trade prices spanning from $10.55 to $11.29. A subsequent sale on March 30, 2026, moved an additional 2,266 shares at a weighted average of $10.34 per share, in a range of $10.06 to $10.70.

Those transaction prices are materially lower than the company’s recent market price. METC currently trades at $15.46, which is substantially above the levels at which the shares were sold. Independent analysis cited in the filing materials notes the stock appears elevated relative to an estimated fair value. Over the last year the shares have produced an 83% gain, though the same analysis highlights a 55% decline over the prior six months.

Following the March sales, Yorktown Energy Partners IX, L.P. holds 1,216,317 shares of Ramaco Resources directly.

The share disposals come amid several notable developments at Ramaco. In its Q4 2025 financial release the company emphasized disciplined cost management and said its operations demonstrated resilience, despite reporting a loss in earnings per share for the quarter. Management also reported progress in proprietary technology initiatives and cited realized cost reductions as key quarter highlights.

Separately, Ramaco’s board has approved a corporate reorganization that would split the business into four distinct operating divisions, each to be run as a wholly owned subsidiary. The move is intended to better align corporate structure with the company’s operating activities and was authorized by the board.

On the legal front, Ramaco has filed a trade secrets lawsuit against a former employee, Alex J. Moyes. The complaint alleges misappropriation under federal law and under Wyoming state statutes and seeks multiple forms of relief as outlined in the filing.

Finally, recent insider activity at the company included action by Chairman and CEO Randall W. Atkins, who exercised stock options originally granted in connection with the 2017 public offering. After accounting for taxes, Atkins acquired 177,187 shares of Class A stock and 54,429 shares of Class B stock.


These moves — the Yorktown share sales, recent financial results, the planned reorganization, ongoing litigation, and the CEO's option exercise — provide a cross-section of transactional, strategic and legal activity at Ramaco Resources as it enters the new fiscal period.

Risks

  • Market valuation uncertainty - The stock currently trades at $15.46 while the recent insider sales occurred at materially lower prices and an analysis cited in the company materials indicated the shares appear overvalued relative to a calculated fair value. This creates valuation risk for investors in the equities markets.
  • Operational and financial performance - Though the company reported cost reductions and operational resilience in Q4 2025, the quarter also produced a loss in EPS, posing execution and earnings recovery risks that affect the mining and energy sectors.
  • Legal uncertainty - The trade secrets suit filed against former employee Alex J. Moyes introduces potential legal exposure and related costs, which could affect company resources and operations depending on litigation outcomes under federal and Wyoming law.

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