HORN PAUL BRYAN JR. (EVP Mine Operations) exercised options at RAMACO RESOURCES, INC.

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

M · 5 exercises

HORN PAUL BRYAN JR.

Filed: 2/2/2026ACC: 0001213900-26-010774

InsiderHORN PAUL BRYAN JR.CIK 1946702

→

IssuerRAMACO RESOURCES, INC.CIK 1687187

Officer· EVP Mine Operations

Since Feb 2026

-17.16K

Net shares

Net seller

$867.8K

Total sold

Open market trades

0B · 0S

Total transactions

125.33K acquired · 142.49K disposed

Non-Derivative Transactions12

Class A common stock

Direct

F · Tax Withholding

−3.65K

Price / share

$19.97

Trade value

$72.93K

% of position

11.6%

1/30/2026

31.56K→27.91K

Class A common stock

Direct

M · Option Exercise

+47.94K

Price / share

—

Trade value

—

% of position

171.8%

1/30/2026

27.91K→75.84K

Class A common stock

Direct

F · Tax Withholding

−20.63K

Price / share

$19.97

Trade value

$411.90K

% of position

27.2%

1/30/2026

75.84K→55.22K

Class A common stock

Direct

M · Option Exercise

+35.09K

Price / share

—

Trade value

—

% of position

63.5%

1/30/2026

55.22K→90.31K

Class A common stock

Direct

F · Tax Withholding

−15.10K

Price / share

$19.97

Trade value

$301.47K

% of position

16.7%

1/30/2026

90.31K→75.21K

Class B common stock

Direct

M · Option Exercise

+9.59K

Price / share

—

Trade value

—

% of position

129.4%

1/30/2026

7.41K→17K

Class B common stock

Direct

F · Tax Withholding

−4.13K

Price / share

$12.43

Trade value

$51.27K

% of position

24.3%

1/30/2026

17K→12.87K

Class B common stock

Direct

M · Option Exercise

+1.60K

Price / share

—

Trade value

—

% of position

12.4%

1/30/2026

12.87K→14.47K

Class B common stock

Direct

F · Tax Withholding

−688.00

Price / share

$12.43

Trade value

$8.55K

% of position

4.8%

1/30/2026

14.47K→13.78K

Class B common stock

Direct

M · Option Exercise

+2.35K

Price / share

—

Trade value

—

% of position

17.1%

1/30/2026

13.78K→16.13K

Class B common stock

Direct

F · Tax Withholding

−1.01K

Price / share

$12.43

Trade value

$12.57K

% of position

6.3%

1/30/2026

16.13K→15.12K

Class B common stock

Direct

F · Tax Withholding

−731.00

Price / share

$12.43

Trade value

$9.09K

% of position

4.8%

1/30/2026

15.12K→14.39K

Total

Net shares

+50.63K

Net value

-$867.78K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A common stock Direct	1/30/2026	F · Tax Withholding	−3.65K	$19.97	$72.93K	11.6%	31.56K	27.91K
Class A common stock Direct	1/30/2026	M · Option Exercise	+47.94K	—	—	171.8%	27.91K	75.84K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−20.63K	$19.97	$411.90K	27.2%	75.84K	55.22K
Class A common stock Direct	1/30/2026	M · Option Exercise	+35.09K	—	—	63.5%	55.22K	90.31K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−15.10K	$19.97	$301.47K	16.7%	90.31K	75.21K
Class B common stock Direct	1/30/2026	M · Option Exercise	+9.59K	—	—	129.4%	7.41K	17K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−4.13K	$12.43	$51.27K	24.3%	17K	12.87K
Class B common stock Direct	1/30/2026	M · Option Exercise	+1.60K	—	—	12.4%	12.87K	14.47K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−688.00	$12.43	$8.55K	4.8%	14.47K	13.78K
Class B common stock Direct	1/30/2026	M · Option Exercise	+2.35K	—	—	17.1%	13.78K	16.13K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−1.01K	$12.43	$12.57K	6.3%	16.13K	15.12K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−731.00	$12.43	$9.09K	4.8%	15.12K	14.39K
Total			+50.63K		-$867.78K

Derivative Transactions11

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

23.97K shares

−23.97K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class A common stock

23.97K shares

+23.97K

Strike price

Held after

23.97K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

23.97K shares

−23.97K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

4.79K shares

−4.79K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class B common stock

4.79K shares

+4.79K

Strike price

Held after

4.79K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

4.79K shares

−4.79K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

7.99K shares

−7.99K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

5.10K shares

−5.10K

Strike price

Held after

5.10K

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

1.60K shares

−1.60K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Dividend Equivalent Units

Direct

M · Option Exercise

Converts to

Class B common stock

2.35K shares

−2.35K

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 stock23.97K shares	1/30/2026	M · Option Exercise	−23.97K	—	0.00
Performance Stock Units Direct	Class A common stock23.97K shares	1/30/2026	A · Award	+23.97K	—	23.97K
Performance Stock Units Direct	Class A common stock23.97K shares	1/30/2026	M · Option Exercise	−23.97K	—	0.00
Performance Stock Units Direct	Class B common stock4.79K shares	1/30/2026	M · Option Exercise	−4.79K	—	0.00
Performance Stock Units Direct	Class B common stock4.79K shares	1/30/2026	A · Award	+4.79K	—	4.79K
Performance Stock Units Direct	Class B common stock4.79K shares	1/30/2026	M · Option Exercise	−4.79K	—	0.00
Restricted Stock Units Direct	Class A common stock7.99K shares	1/30/2026	M · Option Exercise	−7.99K	—	0.00
Restricted Stock Units Direct	Class A common stock5.10K shares	1/30/2026	M · Option Exercise	−5.10K	—	5.10K
Restricted Stock Units Direct	Class A common stock22K shares	1/30/2026	M · Option Exercise	−22K	—	44K
Restricted Stock Units Direct	Class B common stock1.60K shares	1/30/2026	M · Option Exercise	−1.60K	—	0.00
Dividend Equivalent Units Direct	Class B common stock2.35K shares	1/30/2026	M · Option Exercise	−2.35K	—	0.00