Ramaco (METC) 10% Owner Discovery Capital Sells 500,000 Shares

What Happened
Discovery Capital Management, LLC — reported as a 10% owner of Ramaco Resources, Inc. (METC) — sold 500,000 shares on 2026-08-06 at $9.57 per share, for a total proceeds of $4,785,000. The Form 4 lists the transaction as an open-market or private sale (code S), i.e., a disposition rather than a purchase.

Key Details

• Transaction date and price: 2026-08-06, 500,000 shares at $9.57 each (total $4,785,000).
• Transaction type: Sale (S); described as "Open market or private sale" in the filing.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Securities are held in the account of Discovery Global Opportunity Master Fund, Ltd. and may be deemed beneficially owned by Discovery Capital Management, LLC (the Fund’s manager) and Robert K. Citrone (managing member).
• Reporting timeliness: Filed 2026-08-10; this meets the Form 4 deadline (filed by the second business day after the Aug 6 trade).
• Remark: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.

Context
This is an institutional sale by a 10% owner (an investment manager and its managed fund), not an executive or board member trade. Such disposals by funds can be routine portfolio management and do not necessarily signal company-specific views by executives. The filing does not indicate any option exercises, gifts, or tax-withholding actions tied to this transaction.