[Form 4] AMERICAS CARMART INC Insider Trading Activity

Rhea-AI Filing Summary

Americas CarMart director Joshua G. Welch reported a stock-based compensation grant and updated his indirect holdings. He received an award of 11,801 shares of common stock, reported at a price of $0.00 per share, classified as a grant or award acquisition.

The award consists of restricted stock that will vest in full on May 1, 2027, aligning his compensation with the company’s long-term performance. After this grant, Welch directly holds 11,801 shares. Separately, 149,305 shares of common stock are reported as indirectly held by Vicuna Capital I, LP, a partnership whose general partner’s managing member is Welch; he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.

Insights

Equity compensation analyst

Routine equity grant aligns director incentives with long-term performance.

Director Joshua G. Welch received a grant of 11,801 shares of restricted common stock at $0.00 per share. This non-cash award vests entirely on May 1, 2027, encouraging longer-term alignment with Americas CarMart shareholders.

The filing also lists 149,305 shares held indirectly through Vicuna Capital I, LP, where Welch is the managing member of the general partner but disclaims beneficial ownership beyond his pecuniary interest. Overall, this appears to be routine board compensation and position disclosure, with no open-market buying or selling reported in this filing.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider WELCH JOSHUA G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,801	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,801 shares (Direct, null); Common Stock — 149,305 shares (Indirect, By Vicuna Capital I, LP)

Footnotes (1)

1. Represents an award of restricted stock which will vest in its entirety on May 1, 2027. The reporting person is the managing member of the general partner of the partnership that owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

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)
05/01/2026

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	05/01/2026		A		11,801(1)	A	$0	11,801	D
Common Stock								149,305	I	By Vicuna Capital I, LP(2)

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 an award of restricted stock which will vest in its entirety on May 1, 2027.

2. The reporting person is the managing member of the general partner of the partnership that owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ Courtney C. Crouch, III, Pursuant to a Power of Attorney	05/05/2026
	** 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)