Americas Car-Mart director granted 11,801 shares

Buba Jonathan Z reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Buba Jonathan Z reported acquisition or exercise transactions in this Form 4 filing.

AMERICAS CARMART INC director Jonathan Z. Buba reported an equity grant and updated holdings. He received an award of 11,801 shares of restricted common stock, which will vest in full on May 1, 2027, as stock-based compensation with no cash purchase price. The filing also notes 644,686 shares of common stock held by funds and accounts managed by Nantahala Capital Management, LLC, where he is a non-managing member and limited partner; he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 11,801 shares

Grant/Award 2 txns

Insider Buba Jonathan Z

Role Director

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

Holdings After Transaction: Common Stock — 11,801 shares (Direct); Common Stock — 644,686 shares (Indirect, By Nantahala Capital Management)

Footnotes (2)

F1. Represents an award of restricted stock which will vest in its entirety on May 1, 2027.
F2. Reflects shares held by funds and accounts managed by Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships, for which the reporting person is a limited partner and a non-managing member of the general partners. The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, except to the extent of his pecuniary interest therein.

Key Figures

Restricted stock award: 11,801 shares Award price per share: $0.00 per share Indirect holdings via Nantahala-managed funds: 644,686 shares +1 more

4 metrics

Restricted stock award 11,801 shares Common stock granted to Jonathan Z. Buba; vests May 1, 2027

Award price per share $0.00 per share Equity compensation grant, no cash purchase price reported

Indirect holdings via Nantahala-managed funds 644,686 shares Common stock held by Nantahala-managed funds and accounts; indirect as of May 1, 2026

Direct holdings after grant 11,801 shares Total directly held common stock by Jonathan Z. Buba following the award

Key Terms

restricted stock, beneficial ownership, pecuniary interest, non-managing member

4 terms

restricted stock financial

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

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, except to the extent of his pecuniary interest therein."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"The reporting person disclaims beneficial ownership ... except to the extent of his pecuniary interest therein."

non-managing member financial

"Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships."

FAQ

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

What insider transaction did CRMT director Jonathan Z. Buba report?

Jonathan Z. Buba reported receiving 11,801 shares of restricted common stock in AMERICAS CARMART INC as an equity grant. The award is compensation-based, carries no cash purchase price, and represents additional direct ownership reported in his latest Form 4 filing.

When do Jonathan Z. Buba’s 11,801 restricted CRMT shares vest?

The 11,801-share restricted stock award to Jonathan Z. Buba will vest in its entirety on May 1, 2027. Until vesting, the shares are subject to forfeiture conditions typically tied to continued service, as described in the Form 4 footnote about the restricted stock grant.

How many CRMT shares are held by Nantahala-managed funds in this filing?

The Form 4 shows 644,686 AMERICAS CARMART INC common shares held by funds and accounts managed by Nantahala Capital Management, LLC. Jonathan Z. Buba is a non-managing member and limited partner and disclaims beneficial ownership of these shares except for his pecuniary interest in the entities.

Does Jonathan Z. Buba buy or sell CRMT shares in this Form 4?

The Form 4 does not show open-market purchases or sales of AMERICAS CARMART INC shares by Jonathan Z. Buba. It reports an equity grant of 11,801 restricted shares and identifies a large indirect holding through Nantahala-managed funds, subject to a beneficial ownership disclaimer.

What is the nature of Jonathan Z. Buba’s indirect CRMT holdings?

Indirect CRMT holdings are attributed to funds and accounts managed by Nantahala Capital Management, LLC, including certain limited partnerships. Jonathan Z. Buba is a non-managing member and limited partner, and he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest in those entities.

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

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Accepted by SEC EDGAR 05/05/2026 - 09:37 PM

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^*

Buba Jonathan Z

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		A		11,801⁽¹⁾	A	$0	11,801	D
Common Stock								644,686	I	By Nantahala Capital Management⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

2. Reflects shares held by funds and accounts managed by Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships, for which the reporting person is a limited partner and a non-managing member of the general partners. The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, 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)

Source: View Original Filing on SEC EDGAR