Ramaco Resources (NASDAQ: METC) linked fund sells 500,000 insider shares

Rhea-AI Filing Summary

Ramaco Resources, Inc. insider entities associated with Discovery Capital reported a sale of 500,000 shares of Class A Common Stock on 2026-08-06 at $9.57 per share. After this indirect sale through Discovery Global Opportunity Master Fund, Ltd., the reporting group states holdings of 4,811,360 shares. The securities are held in the fund’s account and may be deemed beneficially owned by Discovery Capital Management, LLC and Robert K. Citrone, who each disclaim beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 500,000 shares

Net Sell 1 txn

Insider DISCOVERY CAPITAL MANAGEMENT, LLC / CT, Citrone Robert K., DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD

Role 10% Owner | 10% Owner | 10% Owner

Sold 500,000 shs ($4.79M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, $0.01 par value F1	500,000	$9.57	$4.79M

Holdings After Transaction: Class A Common Stock, $0.01 par value — 4,811,360 shares (Indirect, See footnote)

Footnotes (1)

1. F1. 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.

Key Figures

Shares sold: 500,000 shares Sale price per share: $9.57 per share Shares held after transaction: 4,811,360 shares

3 metrics

Shares sold 500,000 shares Class A Common Stock sale on 2026-08-06

Sale price per share $9.57 per share Class A Common Stock sale on 2026-08-06

Shares held after transaction 4,811,360 shares Indirect holdings following reported sale

Key Terms

indirect ownership, pecuniary interest, ten percent owner, beneficially owned

4 terms

indirect ownership financial

"The security is reported with ownership type classified as indirect (I)."

pecuniary interest financial

"Each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest."

ten percent owner regulatory

"Each reporting person is identified as a ten percent owner."

beneficially owned financial

"The securities may be deemed to be beneficially owned by Discovery and Robert K. Citrone."

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 09:04 PM Accepted by SEC EDGAR 08/10/2026 - 09:03 PM Learn about SEC filing dates

FAQ

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

Ramaco Resources reported that entities associated with Discovery Capital executed a sale of 500,000 shares of Class A Common Stock on 2026-08-06 at $9.57 per share, held indirectly through a fund.

How many Ramaco Resources (METC) shares do the reporting entities show after the sale?

After the reported transaction, the filing shows 4,811,360 shares of Ramaco Resources Class A Common Stock as indirectly held. These shares are in the account of Discovery Global Opportunity Master Fund, Ltd., with potential beneficial ownership attributed to related Discovery entities.

Who is identified as involved in the Ramaco Resources (METC) insider sale?

The sale is attributed to Discovery Global Opportunity Master Fund, Ltd., with possible beneficial ownership by Discovery Capital Management, LLC and Robert K. Citrone. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Was the Ramaco Resources (METC) insider sale under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating the trade was pursuant to a 10b5-1 plan. The transaction is described as a sale in the open market or a private transaction.

Is the Ramaco Resources (METC) Form 4 transaction a direct or indirect holding change?

The transaction changes indirect ownership. The shares are held in the account of Discovery Global Opportunity Master Fund, Ltd., and the Form 4 classifies the holding type as indirect (I), with ownership nature described and qualified by a footnote.

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)
08/06/2026

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	08/06/2026		S		500,000	D	$9.57	4,811,360	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^*

Citrone Robert K.

(Last) (First) (Middle)

20 MARSHALL STREET

(Street)

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)

20 MARSHALL STREET

(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	08/10/2026
	/s/ Robert K. Citrone	08/10/2026
	Discovery Global Opportunity Master Fund, Ltd., By: /s/ Robert K. Citrone, Director	08/10/2026
	** 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)