BLANCHARD CHRISTOPHER L (EVP Mine Planning & Developmen) exercised options at RAMACO RESOURCES, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

BLANCHARD CHRISTOPHER L

Filed: 2/2/2026ACC: 0001213900-26-010772

InsiderBLANCHARD CHRISTOPHER LCIK 1727281

→

IssuerRAMACO RESOURCES, INC.CIK 1687187

Officer· EVP Mine Planning & Developmen

Since Feb 2026

-18.76K

Net shares

Net seller

$1.83M

Total sold

Open market trades

0B · 0S

Total transactions

299.64K acquired · 318.40K disposed

Non-Derivative Transactions10

Class A common stock

Direct

M · Option Exercise

+131.26K

Price / share

—

Trade value

—

% of position

31.6%

1/30/2026

416.02K→547.28K

Class A common stock

Direct

F · Tax Withholding

−57.95K

Price / share

$19.97

Trade value

$1.16M

% of position

10.6%

1/30/2026

547.28K→489.33K

Class A common stock

Direct

M · Option Exercise

+53.61K

Price / share

—

Trade value

—

% of position

11.0%

1/30/2026

489.33K→542.94K

Class A common stock

Direct

F · Tax Withholding

−23.67K

Price / share

$19.97

Trade value

$472.67K

% of position

4.4%

1/30/2026

542.94K→519.27K

Class B common stock

Direct

M · Option Exercise

+26.25K

Price / share

—

Trade value

—

% of position

25.4%

1/30/2026

103.42K→129.67K

Class B common stock

Direct

F · Tax Withholding

−11.59K

Price / share

$12.43

Trade value

$144.06K

% of position

8.9%

1/30/2026

129.67K→118.08K

Class B common stock

Direct

M · Option Exercise

+4.38K

Price / share

—

Trade value

—

% of position

3.7%

1/30/2026

118.08K→122.45K

Class B common stock

Direct

F · Tax Withholding

−1.93K

Price / share

$12.43

Trade value

$24.01K

% of position

1.6%

1/30/2026

122.45K→120.52K

Class B common stock

Direct

M · Option Exercise

+5.38K

Price / share

—

Trade value

—

% of position

4.5%

1/30/2026

120.52K→125.91K

Class B common stock

Direct

F · Tax Withholding

−2.38K

Price / share

$12.43

Trade value

$29.55K

% of position

1.9%

1/30/2026

125.91K→123.53K

Total

Net shares

+123.36K

Net value

-$1.83M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A common stock Direct	1/30/2026	M · Option Exercise	+131.26K	—	—	31.6%	416.02K	547.28K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−57.95K	$19.97	$1.16M	10.6%	547.28K	489.33K
Class A common stock Direct	1/30/2026	M · Option Exercise	+53.61K	—	—	11.0%	489.33K	542.94K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−23.67K	$19.97	$472.67K	4.4%	542.94K	519.27K
Class B common stock Direct	1/30/2026	M · Option Exercise	+26.25K	—	—	25.4%	103.42K	129.67K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−11.59K	$12.43	$144.06K	8.9%	129.67K	118.08K
Class B common stock Direct	1/30/2026	M · Option Exercise	+4.38K	—	—	3.7%	118.08K	122.45K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−1.93K	$12.43	$24.01K	1.6%	122.45K	120.52K
Class B common stock Direct	1/30/2026	M · Option Exercise	+5.38K	—	—	4.5%	120.52K	125.91K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−2.38K	$12.43	$29.55K	1.9%	125.91K	123.53K
Total			+123.36K		-$1.83M

Derivative Transactions11

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

65.63K shares

−65.63K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class A common stock

65.63K shares

+65.63K

Strike price

Held after

65.63K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

65.63K shares

−65.63K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

13.13K shares

−13.13K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class B common stock

13.13K shares

+13.13K

Strike price

Held after

13.13K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

13.13K shares

−13.13K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

21.88K shares

−21.88K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

9.73K shares

−9.73K

Strike price

Held after

9.73K

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

22K shares

−22K

Strike price

Held after

44K

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

4.38K shares

−4.38K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Dividend Equivalent Units

Direct

M · Option Exercise

Converts to

Class B common stock

5.38K shares

−5.38K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Stock Units Direct	Class A common stock65.63K shares	1/30/2026	M · Option Exercise	−65.63K	—	0.00
Performance Stock Units Direct	Class A common stock65.63K shares	1/30/2026	A · Award	+65.63K	—	65.63K
Performance Stock Units Direct	Class A common stock65.63K shares	1/30/2026	M · Option Exercise	−65.63K	—	0.00
Performance Stock Units Direct	Class B common stock13.13K shares	1/30/2026	M · Option Exercise	−13.13K	—	0.00
Performance Stock Units Direct	Class B common stock13.13K shares	1/30/2026	A · Award	+13.13K	—	13.13K
Performance Stock Units Direct	Class B common stock13.13K shares	1/30/2026	M · Option Exercise	−13.13K	—	0.00
Restricted Stock Units Direct	Class A common stock21.88K shares	1/30/2026	M · Option Exercise	−21.88K	—	0.00
Restricted Stock Units Direct	Class A common stock9.73K shares	1/30/2026	M · Option Exercise	−9.73K	—	9.73K
Restricted Stock Units Direct	Class A common stock22K shares	1/30/2026	M · Option Exercise	−22K	—	44K
Restricted Stock Units Direct	Class B common stock4.38K shares	1/30/2026	M · Option Exercise	−4.38K	—	0.00
Dividend Equivalent Units Direct	Class B common stock5.38K shares	1/30/2026	M · Option Exercise	−5.38K	—	0.00