# EDGAR Filing Document

**Accession Number:** 0001389480
**File Stem:** 0000919574-26-002674
**Filing Date:** 2026-5
**Character Count:** 7952
**Document Hash:** 1af498f06ea43257a0d13e77fc9b45fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-002674.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0000919574-26-002674

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260427

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD
- **CENTRAL INDEX KEY:** 0001389480

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38003
- **FILM NUMBER:** 26945271

**BUSINESS ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854
- **BUSINESS PHONE:** 203-855-1191

**MAIL ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** DISCOVERY CAPITAL MANAGEMENT, LLC / CT
- **CENTRAL INDEX KEY:** 0001389507

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38003
- **FILM NUMBER:** 26945272

**BUSINESS ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **STREET 2:** SUITE 310
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854
- **BUSINESS PHONE:** 203-956-7953

**MAIL ADDRESS:**
- **STREET 1:** 20 MARSHALL STREET
- **STREET 2:** SUITE 310
- **CITY:** SOUTH NORWALK
- **STATE:** CT
- **ZIP:** 06854
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ramaco Resources, Inc.
- **CENTRAL INDEX KEY:** 0001687187
- **STANDARD INDUSTRIAL CLASSIFICATION:** BITUMINOUS COAL & LIGNITE MINING [1220]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 250 WEST MAIN STREET
- **STREET 2:** SUITE 1800
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507
- **BUSINESS PHONE:** (859) 244-7455

**MAIL ADDRESS:**
- **STREET 1:** 250 WEST MAIN STREET
- **STREET 2:** SUITE 1800
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507

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

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>DISCOVERY CAPITAL MANAGEMENT, LLC / CT<br><sub>(Last) (First) (Middle)</sub><br>20 MARSHALL STREET<br>SUITE 310<br><sub>(Street)</sub><br>SOUTH NORWALK, CT 06854<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Ramaco Resources, Inc. [ METC ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-04-27 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [X] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD<br><sub>(Last) (First) (Middle)</sub><br>C/O DISCOVERY CAPITAL MANAGEMENT, LLC<br>20 MARSHALL STREET, SUITE 310<br><sub>(Street)</sub><br>SOUTH NORWALK, CT 06854<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Ramaco Resources, Inc. [ METC ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-04-27 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [X] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Class A Common Stock, $0.01 par value | 5511360 | I | See footnote<sup>(1)</sup> |
| Class B Common Stock, $0.01 par value | 127405 | I | See footnote<sup>(1)</sup> |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Equity Swap | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock, $0.01 par value | 477179 | <sup>(2)</sup> | I | See footnote<sup>(1)</sup> |
| Convertible Note | <sup>(3)</sup> | <sup>(3)</sup> | Class A Common Stock, $0.01 par value | 824679 | $32.74 | I | See footnote<sup>(1)</sup> |

---

### Footnotes:

(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.

**Signature:** Discovery Capital Management, LLC., By: /s/ Robert K. Citrone, Managing Member  
**Date:** 2026-05-05

**Signature:** Discovery Global Opportunity Master Fund, Ltd., By: /s/ Robert K. Citrone Director  
**Date:** 2026-05-05

### Remarks:

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.**