Fund tied to Ramaco Resources (METC) sells 200K shares

Rhea-AI Filing Summary

Ramaco Resources, Inc. saw a significant shareholder execute an open-market sale of its stock. Discovery Global Opportunity Master Fund, Ltd. sold 200,000 shares of Ramaco’s Class A common stock at an average price of $14.79 per share on May 1, 2026. The shares are held in the fund’s account and may be deemed beneficially owned by Discovery Capital Management, LLC, as the fund’s investment manager, and by Robert K. Citrone as Discovery’s managing member. Following this transaction, the fund continued to hold 5,311,360 shares indirectly.

Insider Trade Summary

Net Seller: 200,000 shares ($2,958,000)

Net Sell 1 txn

Insider DISCOVERY CAPITAL MANAGEMENT, LLC / CT, DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD

Role null | null

Sold 200,000 shs ($2.96M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, $0.01 par value	200,000	$14.79	$2.96M

Holdings After Transaction: Class A Common Stock, $0.01 par value — 5,311,360 shares (Indirect, See footnote)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 200,000 shares Sale price: $14.79 per share Shares held after sale: 5,311,360 shares

3 metrics

Shares sold 200,000 shares Open-market sale on May 1, 2026

Sale price $14.79 per share Average price for the 200,000 shares sold

Shares held after sale 5,311,360 shares Indirect holdings of the fund following the transaction

Key Terms

open-market sale, indirect ownership, beneficially owned

3 terms

open-market sale financial

"reported as an open-market sale of 200,000 shares at $14.79"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"The Form 4 classifies the holding as indirect ownership."

beneficially owned financial

"may be deemed to be beneficially owned by Discovery Capital Management, LLC"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DISCOVERY CAPITAL MANAGEMENT, LLC / CT

(Last) (First) (Middle)

20 MARSHALL STREET

SUITE 310

(Street)

SOUTH NORWALK CONNECTICUT 06854

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [ METC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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, $0.01 par value	05/01/2026		S		200,000	D	$14.79	5,311,360	I	See footnote(1)

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 Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person^*

DISCOVERY CAPITAL MANAGEMENT, LLC / CT

(Last) (First) (Middle)

20 MARSHALL STREET

SUITE 310

(Street)

SOUTH NORWALK CONNECTICUT 06854

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD

(Last) (First) (Middle)

C/O DISCOVERY CAPITAL MANAGEMENT, LLC

20 MARSHALL STREET, SUITE 310

(Street)

SOUTH NORWALK CONNECTICUT 06854

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The securities are held in the account of Discovery Global Opportunity Master Fund, Ltd. (the "Fund") and may be deemed to be beneficially owned by Discovery Capital Management, LLC ("Discovery"), as the investment manager of the Fund, and Robert K. Citrone, as the managing member of Discovery.

Remarks:

Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	Discovery Capital Management, LLC., By: /s/ Robert K. Citrone, Managing Member	05/05/2026
	Discovery Global Opportunity Master Fund, Ltd., By: /s/ Robert K. Citrone Director	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ramaco Resources (METC) report on this Form 4?

Ramaco Resources reported an open-market sale of 200,000 Class A common shares by Discovery Global Opportunity Master Fund, Ltd. The trade occurred at an average price of $14.79 per share and reflects activity by a large existing shareholder.

Who is the selling holder in the Ramaco Resources (METC) Form 4 filing?

The selling holder is Discovery Global Opportunity Master Fund, Ltd. The shares are in the fund’s account and may be deemed beneficially owned by Discovery Capital Management, LLC, as investment manager, and by Robert K. Citrone, the managing member of Discovery, according to the filing footnote.

How many Ramaco Resources (METC) shares were sold and at what price?

The filing shows a sale of 200,000 Ramaco Resources Class A common shares at an average price of $14.79 per share. This was reported as an open-market sale transaction under code “S,” indicating a standard market or private sale of existing shares.

How many Ramaco Resources (METC) shares does the fund hold after the sale?

After the reported sale, Discovery Global Opportunity Master Fund, Ltd. held 5,311,360 Ramaco Resources Class A common shares indirectly. This post-transaction balance is disclosed in the Form 4 and helps indicate the scale of the fund’s remaining position.

Is the Ramaco Resources (METC) insider transaction direct or indirect ownership?

The Form 4 classifies the holding as indirect ownership. The shares are held in the account of Discovery Global Opportunity Master Fund, Ltd., with potential beneficial ownership attributed to Discovery Capital Management, LLC and its managing member under the relationships described in the footnote.