DISCOVERY GLOBAL OPPORTUNITY MASTER FUND, LTD 4

What Happened
Discovery Capital Management, LLC (reported as a 10% owner) sold 200,000 shares of Ramaco Resources, Inc. (METC) in an open-market or private sale on 2026-05-01 at $14.79 per share, for proceeds of $2,958,000. This is a sale (liquidation) rather than a purchase—sales by large holders can be routine reallocations and do not by themselves indicate company fundamentals.

Key Details

• Transaction date: 2026-05-01; Price: $14.79; Shares sold: 200,000; Total proceeds: $2,958,000.
• Filing date (Form 4): 2026-05-05 — the filing was made four days after the transaction (SEC Section 16 insiders typically must report within two business days), which appears to be late.
• Shares owned after transaction: not specified in the excerpt provided; check the full Form 4 for the post-transaction beneficial ownership figure.
• Footnote: The securities are held in the account of Discovery Global Opportunity Master Fund, Ltd. and may be deemed beneficially owned by Discovery Capital Management, LLC (as investment manager) and Robert K. Citrone (managing member).
• Remark: Reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.

Context
This filing represents institutional selling by a 10% owner (an investment manager and affiliated fund), not an executive-level insider trade. Institutional sales can reflect portfolio management rather than a signal about the company’s near-term prospects. For full details (exact post-transaction holdings, whether sale was open-market vs private, and any explanations), refer to the complete Form 4 filing (Accession: 0000919574-26-002673).