SEC FORM 3

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SEC 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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1. Name and Address of Reporting Person^*

DISCOVERY CAPITAL MANAGEMENT, LLC / CT

(Last)

(First)

(Middle)

20 MARSHALL STREET

SUITE 310

(Street)

SOUTH NORWALK

06854

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2026

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

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 of Original Filed (Month/Day/Year)

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

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

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	5,311,360	I	See footnote⁽¹⁾
Class B Common Stock, $0.01 par value	128,930	I	See footnote⁽¹⁾

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Equity Swap	⁽²⁾	⁽²⁾	Class A Common Stock, $0.01 par value	1,978,779	⁽²⁾	I	See footnote⁽¹⁾
Convertible Note	⁽³⁾	⁽³⁾	Class A Common Stock, $0.01 par value	⁽³⁾	$32.74	I	See footnote⁽¹⁾

1. Name and Address of Reporting Person^*

DISCOVERY CAPITAL MANAGEMENT, LLC / CT

(Last)

(First)

(Middle)

20 MARSHALL STREET

SUITE 310

(Street)

SOUTH NORWALK

06854

(City)

(State)

(Zip)

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

06854

(City)

(State)

(Zip)

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

06854

(City)

(State)

(Zip)

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. 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.

2. 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.

3. 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.

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.

	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 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).
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