Ramaco Resources insiders report major indirect holdings
Ramaco Resources, Inc. reported initial beneficial ownership information for Discovery Capital Management, Robert K. Citrone, and Discovery Global Opportunity Master Fund as 10% owners.
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Form Type
3
Rhea-AI Filing Summary
Ramaco Resources, Inc. reported initial beneficial ownership information for Discovery Capital Management, Robert K. Citrone, and Discovery Global Opportunity Master Fund as 10% owners. The filing lists indirect holdings of 5,311,360 shares of Class A common stock and 128,930 shares of Class B common stock, as well as an equity swap referencing 1,978,779 Class A shares and 0% Convertible Senior Notes due November 1, 2031 with a $32.74 conversion price. The reporting persons disclaim beneficial ownership beyond their pecuniary interest.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
DISCOVERY CAPITAL MANAGEMENT, LLC / CT, Citrone Robert K., DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Equity Swap F2, F1 | -- | -- | -- |
| holding | Convertible Note F3, F1 | -- | -- | -- |
| holding | Class A Common Stock, $0.01 par value F1 | -- | -- | -- |
| holding | Class B Common Stock, $0.01 par value F1 | -- | -- | -- |
Holdings After Transaction:
Equity Swap — 1,978,779 contracts (Indirect, See footnote);
Convertible Note — 0 contracts (Indirect, See footnote);
Class A Common Stock, $0.01 par value — 5,311,360 shares (Indirect, See footnote);
Class B Common Stock, $0.01 par value — 128,930 shares (Indirect, See footnote)
Footnotes (3)
- F1. The securities are held in the account of Discovery Global Opportunity Master Fund, Ltd. and another fund (together, the "Funds") to which Discovery Capital Management, LLC ("Discovery") acts as the investment manager for, and Robert K. Citrone, as the managing member of Discovery.
- F2. The Funds hold total return swaps with respect to an aggregate of 1,978,779 shares of Class A Common Stock, $0.01 par value.
- F3. The Funds hold $27,000,000 in aggregate principal amount of 0% Convertible Senior Notes due November 1, 2031, with initial conversion rate of 30.5460 shares of Class A Common Stock, $0.01 par value per $1,000 principal amount of notes ($32.74 conversion price). The Notes are convertible before August 1, 2031 only upon occurrence of certain specified events as defined in the indenture. After August 1, 2031, the notes are convertible at holder's election until maturity. The Issuer may settle conversions in cash, stock, or combination thereof at Issuer's election.
Key Figures
Class A indirect holdings: 5,311,360 shares
Class B indirect holdings: 128,930 shares
Equity swap underlying shares: 1,978,779 shares
+3 more
6 metrics
Class A indirect holdings
5,311,360 shares
Indirect Class A common stock, $0.01 par value, following reported holdings
Class B indirect holdings
128,930 shares
Indirect Class B common stock, $0.01 par value, following reported holdings
Equity swap underlying shares
1,978,779 shares
Total return swaps referencing Class A common stock
Convertible notes principal
$27,000,000
0% Convertible Senior Notes due November 1, 2031
Conversion rate
30.5460 shares per $1,000
Initial conversion rate into Class A common stock for the notes
Conversion price
$32.74
Initial conversion price for 0% Convertible Senior Notes
Key Terms
total return swaps, Convertible Senior Notes, conversion rate, indirect, +1 more
5 terms
total return swaps financial
"The Funds hold total return swaps with respect to an aggregate of 1,978,779 shares"
A total return swap is a contract where one party agrees to pay another the full economic performance—price changes plus income—of an asset, while the other party pays a regular fee or interest. Think of it like renting the gains and losses of a stock or bond without owning it: investors can gain exposure, hedge positions, or add leverage more cheaply, but they take on the risk that the counterparty might fail to honor payments and that synthetic holdings can affect leverage and transparency.
Convertible Senior Notes financial
"The Funds hold $27,000,000 in aggregate principal amount of 0% Convertible Senior Notes"
Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.
conversion rate financial
"with initial conversion rate of 30.5460 shares of Class A Common Stock"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
indirect financial
"total_shares_following_transaction... ownership_type "indirect" and nature of ownership"
pecuniary interest financial
"disclaims beneficial ownership... except to the extent of its or his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider positions were reported in METC’s latest Form 3?
The Form 3 reports indirect holdings of 5,311,360 Class A shares, 128,930 Class B shares, an equity swap over 1,978,779 Class A shares, and 0% Convertible Senior Notes due 2031 with a $32.74 conversion price.
Who are the 10% owners disclosed for Ramaco Resources (METC)?
The Form 3 lists Discovery Capital Management, LLC, Robert K. Citrone, and Discovery Global Opportunity Master Fund, Ltd. as 10% owners, with all positions held indirectly through investment funds they manage or are associated with.
What derivative positions tied to METC stock were reported?
The funds hold total return swaps referencing 1,978,779 Class A shares and $27,000,000 of 0% Convertible Senior Notes due November 1, 2031, initially convertible at 30.5460 Class A shares per $1,000 principal amount at a $32.74 conversion price.
Does the METC Form 3 show any recent insider buying or selling?
No. The Form 3 only reports holdings as of August 5, 2026, including common stock, equity swaps, and convertible notes. It does not report any buy or sell transactions; it establishes baseline ownership for Section 16 reporting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
