Americas CarMart director Welch reports share transfers

Two of the reported acquisitions were described as changes in the form of beneficial ownership, and all three distributions were without consideration.

Available on EDGAR 11/03/2026 - 08:24 PM EST Accepted by SEC EDGAR 11/03/2026 - 08:24 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CRMT director Joshua G. Welch reported three pro-rata in-kind distributions on October 31, 2026, without consideration. Vicuna Capital I, LP distributed 149,305 shares to its limited partners and reported no shares remaining. Vicuna Partners LLC received 52,862 shares, and Welch’s self-directed Individual Retirement Account received 6,320 shares. Reported resulting holdings were 52,862 shares for Vicuna Partners LLC and 18,121 shares in the IRA. The footnotes describe the latter two acquisitions as changes in the form of beneficial ownership.

Insider Trade Summary

Other: 208,487 shares

Other 3 txns

Insider WELCH JOSHUA G

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1, F2	149,305	$0.00	$0.00
Other	Common Stock F3, F2	52,862	$0.00	$0.00
Other	Common Stock F4	6,320	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Indirect, By Vicuna Capital I, LP); Common Stock — 52,862 shares (Indirect, By Vicuna Partners LLC); Common Stock — 18,121 shares (Direct)

Footnotes (4)

1. F1. Represents a pro-rata in-kind liquidation distribution by Vicuna Capital I, LP (the "Partnership"), without consideration, to the Partnership's limited partners in redemption of the limited partners' interest in the Partnership in accordance with the terms of the Partnership's Limited Partnership Agreement.
2. F2. The reporting person is the managing member of Vicuna Partners LLC, the general partner of the Partnership (the "General Partner"), which owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
3. F3. Represents a pro-rata in-kind liquidation distribution by the Partnership to the General Partner, without consideration, in accordance with the terms of the Partnership's Limited Partnership Agreement. The General Partner's acquisition of these shares represents a change in form of beneficial ownership exempt from Section 16 pursuant to Rule 16a-13 thereunder.
4. F4. Represents a pro-rata in-kind liquidation distribution by the Partnership to the reporting person's self-directed Individual Retirement Account, without consideration, in accordance with the terms of the Partnership's Limited Partnership Agreement. The reporting person's acquisition of these shares represents a change in form of beneficial ownership exempt from Section 16 pursuant to Rule 16a-13 thereunder.

Key Figures

Shares distributed to limited partners: 149,305 shares Partnership resulting holding: 0 shares Shares received: 52,862 shares +2 more

5 metrics

Shares distributed to limited partners 149,305 shares Vicuna Capital I, LP; October 31, 2026

Partnership resulting holding 0 shares Vicuna Capital I, LP after the distribution

Shares received 52,862 shares Vicuna Partners LLC; October 31, 2026

Shares received 6,320 shares Welch’s self-directed Individual Retirement Account; October 31, 2026

Resulting holding 18,121 shares Welch’s self-directed Individual Retirement Account

Key Terms

pro-rata in-kind liquidation distribution, change in form of beneficial ownership, Rule 16a-13, self-directed Individual Retirement Account

4 terms

pro-rata in-kind liquidation distribution financial

"pro-rata in-kind liquidation distribution by Vicuna Capital I, LP"

change in form of beneficial ownership regulatory

"represents a change in form of beneficial ownership"

Rule 16a-13 regulatory

"exempt from Section 16 pursuant to Rule 16a-13"

self-directed Individual Retirement Account financial

"distribution by the Partnership to the reporting person's self-directed Individual Retirement Account"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What CRMT share transactions did Joshua G. Welch report?

On October 31, 2026, Welch reported pro-rata in-kind distributions without consideration: 149,305 shares from Vicuna Capital I, LP to its limited partners, 52,862 shares to Vicuna Partners LLC, and 6,320 shares to his self-directed Individual Retirement Account.

What holdings were reported after the CRMT share distributions?

The reported resulting holdings were 52,862 shares for Vicuna Partners LLC and 18,121 shares in Welch’s self-directed Individual Retirement Account; Vicuna Capital I, LP reported no shares remaining.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WELCH JOSHUA G

(Last) (First) (Middle)

C/O AMERICA'S CAR-MART, INC.

1805 NORTH 2ND STREET, SUITE 401

(Street)

ROGERS ARKANSAS 72756

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICAS CARMART INC [ CRMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/31/2026		J(1)		149,305	D	$0.00	0	I(2)	By Vicuna Capital I, LP(2)
Common Stock	10/31/2026		J(3)		52,862	A	$0.00	52,862	I(2)	By Vicuna Partners LLC(2)
Common Stock	10/31/2026		J(4)		6,320	A	$0.00	18,121	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a pro-rata in-kind liquidation distribution by Vicuna Capital I, LP (the "Partnership"), without consideration, to the Partnership's limited partners in redemption of the limited partners' interest in the Partnership in accordance with the terms of the Partnership's Limited Partnership Agreement.

2. The reporting person is the managing member of Vicuna Partners LLC, the general partner of the Partnership (the "General Partner"), which owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

3. Represents a pro-rata in-kind liquidation distribution by the Partnership to the General Partner, without consideration, in accordance with the terms of the Partnership's Limited Partnership Agreement. The General Partner's acquisition of these shares represents a change in form of beneficial ownership exempt from Section 16 pursuant to Rule 16a-13 thereunder.

4. Represents a pro-rata in-kind liquidation distribution by the Partnership to the reporting person's self-directed Individual Retirement Account, without consideration, in accordance with the terms of the Partnership's Limited Partnership Agreement. The reporting person's acquisition of these shares represents a change in form of beneficial ownership exempt from Section 16 pursuant to Rule 16a-13 thereunder.

	/s/ Courtney C. Crouch, III, Pursuant to a Power of Attorney	11/03/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)