FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Blanchard Christopher L
  2. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [METC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CHIEF OPERATING OFFICER
(Last)
(First)
(Middle)
250 WEST MAIN STREET, SUITE 1900		 3. Date of Earliest Transaction (Month/Day/Year)
01/31/2024
(Street)

LEXINGTON, KY 40507		 4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A common stock 01/31/2024   M(1)   21,877 A $ 0 462,763 D  
Class A common stock 01/31/2024   F(2)   8,094 D $ 19.11 454,669 D  
Class B common stock 01/31/2024   M(1)   4,375 A $ 0 93,129 D  
Class B common stock 01/31/2024   F(3)   1,619 D $ 12.82 91,510 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 (4) 01/31/2024   M(1)     21,877   (1)   (1) Class A common stock 21,877 $ 0 58,198 (5) D  
Restricted Stock Units $ 0 (6) 01/31/2024   M(1)     4,375   (1)   (1) Class B common stock 4,375 $ 0 11,639 (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Blanchard Christopher L
250 WEST MAIN STREET
SUITE 1900
LEXINGTON, KY 40507		       CHIEF OPERATING OFFICER  

Signatures

 /s/ Tyler Adkins, Attorney-in-Fact   02/02/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The first installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested of January 31, 2024.
(2) Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class A common stock on January 30, 2024. Such shares were acquired as treasury stock by the Issuer.
(3) Shares forfeited upon vesting to satisfy tax obligations. The number of shares forfeited was based on the closing price of the Issuer's Class B common stock on January 30, 2024. Such shares were acquired as treasury stock by the Issuer.
(4) Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
(5) This consists of 14,444 restricted stock units remaining from the Company's February 16, 2022 grant and 43,754 restricted stock units remaining from the Company's February 20, 2023 grant.
(6) Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
(7) This consists of 2,888 restricted stock units remaining from the Company's February 16, 2022 grant and 8,751 restricted stock units remaining from the Company's February 20, 2023 grant.

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