MARCUM JOHN CECIL (Chief Accounting Officer) exercised options at RAMACO RESOURCES, INC.

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

M · 5 exercises

MARCUM JOHN CECIL

Filed: 2/2/2026ACC: 0001213900-26-010773

InsiderMARCUM JOHN CECILCIK 1785124

→

IssuerRAMACO RESOURCES, INC.CIK 1687187

Officer· Chief Accounting Officer

Since Jul 2019

-12.63K

Net shares

Net seller

$1.47M

Total sold

Open market trades

0B · 0S

Total transactions

249K acquired · 261.63K disposed

Non-Derivative Transactions10

Class A common stock

Direct

M · Option Exercise

+109.74K

Price / share

—

Trade value

—

% of position

78.9%

1/30/2026

139.15K→248.89K

Class A common stock

Direct

F · Tax Withholding

−47.02K

Price / share

$19.97

Trade value

$938.99K

% of position

18.9%

1/30/2026

248.89K→201.87K

Class A common stock

Direct

M · Option Exercise

+43.35K

Price / share

—

Trade value

—

% of position

21.5%

1/30/2026

201.87K→245.22K

Class A common stock

Direct

F · Tax Withholding

−18.57K

Price / share

$19.97

Trade value

$370.90K

% of position

7.6%

1/30/2026

245.22K→226.64K

Class B common stock

Direct

M · Option Exercise

+21.95K

Price / share

—

Trade value

—

% of position

65.0%

1/30/2026

33.77K→55.72K

Class B common stock

Direct

F · Tax Withholding

−9.40K

Price / share

$12.43

Trade value

$116.89K

% of position

16.9%

1/30/2026

55.72K→46.32K

Class B common stock

Direct

M · Option Exercise

+3.66K

Price / share

—

Trade value

—

% of position

7.9%

1/30/2026

46.32K→49.98K

Class B common stock

Direct

F · Tax Withholding

−1.57K

Price / share

$12.43

Trade value

$19.48K

% of position

3.1%

1/30/2026

49.98K→48.41K

Class B common stock

Direct

M · Option Exercise

+4.46K

Price / share

—

Trade value

—

% of position

9.2%

1/30/2026

48.41K→52.87K

Class B common stock

Direct

F · Tax Withholding

−1.91K

Price / share

$12.43

Trade value

$23.78K

% of position

3.6%

1/30/2026

52.87K→50.96K

Total

Net shares

+104.68K

Net value

-$1.47M

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	+109.74K	—	—	78.9%	139.15K	248.89K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−47.02K	$19.97	$938.99K	18.9%	248.89K	201.87K
Class A common stock Direct	1/30/2026	M · Option Exercise	+43.35K	—	—	21.5%	201.87K	245.22K
Class A common stock Direct	1/30/2026	F · Tax Withholding	−18.57K	$19.97	$370.90K	7.6%	245.22K	226.64K
Class B common stock Direct	1/30/2026	M · Option Exercise	+21.95K	—	—	65.0%	33.77K	55.72K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−9.40K	$12.43	$116.89K	16.9%	55.72K	46.32K
Class B common stock Direct	1/30/2026	M · Option Exercise	+3.66K	—	—	7.9%	46.32K	49.98K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−1.57K	$12.43	$19.48K	3.1%	49.98K	48.41K
Class B common stock Direct	1/30/2026	M · Option Exercise	+4.46K	—	—	9.2%	48.41K	52.87K
Class B common stock Direct	1/30/2026	F · Tax Withholding	−1.91K	$12.43	$23.78K	3.6%	52.87K	50.96K
Total			+104.68K		-$1.47M

Derivative Transactions11

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

54.87K shares

−54.87K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class A common stock

54.87K shares

+54.87K

Strike price

Held after

54.87K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

54.87K shares

−54.87K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

10.97K shares

−10.97K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Performance Stock Units

Direct

A · Award

Converts to

Class B common stock

10.97K shares

+10.97K

Strike price

Held after

10.97K

Exercisable

—

1/30/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

10.97K shares

−10.97K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

18.29K shares

−18.29K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

9.22K shares

−9.22K

Strike price

Held after

9.22K

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A common stock

15.84K shares

−15.84K

Strike price

Held after

31.68K

Exercisable

—

1/30/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class B common stock

3.66K shares

−3.66K

Strike price

Held after

0.00

Exercisable

—

1/30/2026

Dividend Equivalent Units

Direct

M · Option Exercise

Converts to

Class B common stock

4.46K shares

−4.46K

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 stock54.87K shares	1/30/2026	M · Option Exercise	−54.87K	—	0.00
Performance Stock Units Direct	Class A common stock54.87K shares	1/30/2026	A · Award	+54.87K	—	54.87K
Performance Stock Units Direct	Class A common stock54.87K shares	1/30/2026	M · Option Exercise	−54.87K	—	0.00
Performance Stock Units Direct	Class B common stock10.97K shares	1/30/2026	M · Option Exercise	−10.97K	—	0.00
Performance Stock Units Direct	Class B common stock10.97K shares	1/30/2026	A · Award	+10.97K	—	10.97K
Performance Stock Units Direct	Class B common stock10.97K shares	1/30/2026	M · Option Exercise	−10.97K	—	0.00
Restricted Stock Units Direct	Class A common stock18.29K shares	1/30/2026	M · Option Exercise	−18.29K	—	0.00
Restricted Stock Units Direct	Class A common stock9.22K shares	1/30/2026	M · Option Exercise	−9.22K	—	9.22K
Restricted Stock Units Direct	Class A common stock15.84K shares	1/30/2026	M · Option Exercise	−15.84K	—	31.68K
Restricted Stock Units Direct	Class B common stock3.66K shares	1/30/2026	M · Option Exercise	−3.66K	—	0.00
Dividend Equivalent Units Direct	Class B common stock4.46K shares	1/30/2026	M · Option Exercise	−4.46K	—	0.00