Ramaco Resources Inc.

05/05/2026 | Press release | Distributed by Public on 05/05/2026 17:26

Initial Statement of Beneficial Ownership (Form 3)

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 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 *
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
2. Date of Event Requiring Statement (Month/Day/Year)
04/27/2026
3. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [METC]
(Last) (First) (Middle)
20 MARSHALL STREET, SUITE 310
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
SOUTH NORWALK, CT 06854
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock, $0.01 par value 5,511,360 I See footnote(1)
Class B Common Stock, $0.01 par value 127,405 I See footnote(1)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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 control number.
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Equity Swap (2) (2) Class A Common Stock, $0.01 par value 477,179 (2) I See footnote(1)
Convertible Note (3) (3) Class A Common Stock, $0.01 par value 824,679 $32.74 I See footnote(1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
20 MARSHALL STREET
SUITE 310
SOUTH NORWALK, CT 06854
X
DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD
C/O DISCOVERY CAPITAL MANAGEMENT, LLC
20 MARSHALL STREET, SUITE 310
SOUTH NORWALK, CT 06854
X

Signatures

Discovery Capital Management, LLC., By: /s/ Robert K. Citrone, Managing Member 05/05/2026
**Signature of Reporting Person Date
Discovery Global Opportunity Master Fund, Ltd., By: /s/ Robert K. Citrone Director 05/05/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 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.
(2) The reporting persons entered into a total return swap with respect to 477,179 shares of Class A Common Stock, $0.01 par value.
(3) The reporting persons purchased a 0% Convertible Senior Note due November 1, 2031, with initial conversion rate of 30.5460 shares of Class A Common Stock, $0.01 par value per $1,000 principle amount of notes ($32.74 conversion price). Notes are convertible before August 1, 2031 only upon occurrence of certain specified events as defined in the indenture. After August 1, 2031, notes are convertible at holder's election until maturity. Issuer may settle conversions in cash, stock, or combination thereof at Issuer's election.

Remarks:
Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Ramaco Resources Inc. published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 05, 2026 at 23:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]