Americas CarMart holder distributes 132,815 shares

Americas CarMart major holder restructures its position through an in-kind distribution.

Rhea-AI Filing Summary

Americas CarMart major holder restructures its position through an in-kind distribution. Magnolia Capital Fund, LP distributed 132,815 shares of Americas CarMart common stock to withdrawing limited partners on April 20, 2026, in satisfaction of withdrawal requests, at a reported price of $0.00 per share.

After this distribution, Magnolia Capital Fund reports holding 1,127,875 shares of common stock. The Magnolia Group, LLC, as general partner and investment manager of the fund, and Adam K. Peterson, as managing member of The Magnolia Group, may be deemed to share indirect beneficial ownership of these shares but each disclaims beneficial ownership beyond their pecuniary interests.

Insider Trade Summary

Other: 132,815 shares

Other 1 txn

Insider Peterson Adam K, MAGNOLIA CAPITAL FUND, LP, MAGNOLIA GROUP, LLC

Role 10% Owner | 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock	132,815	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,127,875 shares (Direct)

Footnotes (3)

1. F1. The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.
2. F2. TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
3. F3. In satisfaction of certain withdrawal requests, MCF distributed in-kind a total of 132,815 shares of the Issuer's Common Stock to the withdrawing limited partners on April 20, 2026. As a result of the distribution, MCF is no longer deemed beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF decreased by 132,815 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Mr. Peterson, as the managing member of TMG).

Key Figures

In-kind distribution: 132,815 shares Shares after transaction: 1,127,875 shares Reported price per share: $0.00 per share +2 more

5 metrics

In-kind distribution 132,815 shares Distributed to withdrawing limited partners on April 20, 2026

Shares after transaction 1,127,875 shares Magnolia Capital Fund holdings following distribution

Reported price per share $0.00 per share Transaction reporting value for distributed shares

Restructuring shares 132,815 shares TransactionSummary restructuringShares for code J

Transaction date April 20, 2026 Date of in-kind distribution

Key Terms

in-kind, beneficial ownership, pecuniary interests, limited partners, +1 more

5 terms

in-kind financial

"distributed in-kind a total of 132,815 shares of the Issuer's Common Stock"

beneficial ownership regulatory

"could both be deemed to share indirect beneficial ownership of the shares"

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 interests financial

"disclaim beneficial ownership except to the extent of their respective pecuniary interests therein"

limited partners financial

"distributed in-kind a total of 132,815 shares ... to the withdrawing limited partners"

Limited partners are investors who provide most of the capital to an investment partnership but do not run its day-to-day business; they have liability only up to the amount they invested. Think of them as silent backers who hire a manager to make decisions and share in profits or losses; their importance to investors lies in shaping how much money a fund can deploy, the risk and return profile they receive, and the liquidity and fees associated with that investment.

Section 16 regulatory

"beneficial ownership of these securities for Section 16 or for any other purposes"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What did Magnolia Capital Fund report in this Form 4 for Americas CarMart (CRMT)?

Magnolia Capital Fund reported an in-kind distribution of 132,815 shares of Americas CarMart common stock to withdrawing limited partners. This reduced the number of shares it is deemed to beneficially own while not reflecting an open-market sale.

How many Americas CarMart (CRMT) shares does Magnolia Capital Fund hold after the transaction?

Following the in-kind distribution, Magnolia Capital Fund reports ownership of 1,127,875 shares of Americas CarMart common stock. This reflects a decrease of 132,815 shares that were distributed to withdrawing limited partners in satisfaction of their withdrawal requests.

Who are the related entities in this Americas CarMart (CRMT) Form 4 filing?

The filing identifies Magnolia Capital Fund, LP as the direct holder, with The Magnolia Group, LLC as its general partner and investment manager, and Adam K. Peterson as managing member of The Magnolia Group, all reported as ten percent owners.

How does the Form 4 describe beneficial ownership for Magnolia Group and Adam K. Peterson in CRMT?

The Form 4 states that The Magnolia Group, LLC and Adam K. Peterson could be deemed to share indirect beneficial ownership of the shares. However, both expressly disclaim beneficial ownership except to the extent of their respective pecuniary interests.

What type of transaction is reported for Americas CarMart (CRMT) in this Form 4?

The Form 4 uses transaction code "J", described as an "other" acquisition or disposition. Footnotes clarify this reflects an in-kind distribution of shares to withdrawing limited partners, categorized as an entity-level restructuring rather than a market trade.

Did Magnolia Capital Fund sell Americas CarMart (CRMT) shares on the open market?

The filing does not report any open-market sale. Instead, it specifies that 132,815 shares of Americas CarMart common stock were distributed in-kind by Magnolia Capital Fund to withdrawing limited partners, reducing the fund’s reported beneficial ownership.

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

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Accepted by SEC EDGAR 04/22/2026 - 06:15 PM Learn about SEC filing dates

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^*

Peterson Adam K

(Last) (First) (Middle)

1601 DODGE STREET, SUITE 3300

(Street)

OMAHA NEBRASKA 68102

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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

	Form filed by One Reporting Person
X	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	04/20/2026		J(3)		132,815	D	$0	1,127,875(1)(2)	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

1. Name and Address of Reporting Person^*

Peterson Adam K

(Last) (First) (Middle)

1601 DODGE STREET, SUITE 3300

(Street)

OMAHA NEBRASKA 68102

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

MAGNOLIA CAPITAL FUND, LP

(Last) (First) (Middle)

1601 DODGE STREET, SUITE 3300

(Street)

OMAHA NEBRASKA 68102

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

MAGNOLIA GROUP, LLC

(Last) (First) (Middle)

1601 DODGE STREET

SUITE 3300

(Street)

OMAHA NEBRASKA 68102

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

2. TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

3. In satisfaction of certain withdrawal requests, MCF distributed in-kind a total of 132,815 shares of the Issuer's Common Stock to the withdrawing limited partners on April 20, 2026. As a result of the distribution, MCF is no longer deemed beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF decreased by 132,815 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Mr. Peterson, as the managing member of TMG).

	Adam K. Peterson	04/22/2026
	Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC	04/22/2026
	Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC	04/22/2026
	** 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)