Forager Fund trims MasterCraft Boat (MCFT) stake with open-market sale

Rhea-AI Filing Summary

Forager Fund, L.P. sold 26,497 shares of MasterCraft Boat Holdings, Inc. common stock in an open-market transaction at a weighted average price of $23.50 per share. Following the sale, Forager Fund directly holds 1,611,277 shares.

Forager Capital Management, LLC is the Fund’s general partner, and Messrs. Kissel and MacArthur, as principals, share voting and dispositive authority over these shares. Each reporting person disclaims beneficial ownership beyond any pecuniary interest.

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

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X

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^*

Forager Fund, L.P.

(Last) (First) (Middle)

2025 3RD AVE. N, SUITE 350

(Street)

BIRMINGHAM AL 35203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MasterCraft Boat Holdings, Inc. [ MCFT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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

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

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

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, par value $0.01 per share	02/20/2026		S		26,497	D	$23.5(1)	1,611,277	D(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

1. Name and Address of Reporting Person^*

Forager Fund, L.P.

(Last) (First) (Middle)

2025 3RD AVE. N, SUITE 350

(Street)

BIRMINGHAM AL 35203

(City) (State) (Zip)

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^*

Forager Capital Management, LLC

(Last) (First) (Middle)

2025 3RD AVE. N, SUITE 350

(Street)

BIRMINGHAM AL 35203

(City) (State) (Zip)

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^*

Kissel Edward Urban

(Last) (First) (Middle)

2025 3RD AVE. N, SUITE 350

(Street)

BIRMINGHAM AL 35203

(City) (State) (Zip)

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^*

MacArthur Robert Symmes

(Last) (First) (Middle)

2025 3RD AVE. N, SUITE 350

(Street)

BIRMINGHAM AL 35203

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.86, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

2. The shares reported are directly held by Forager Fund, L.P. (the "Fund"). Each of Messrs. Kissel and MacArthur is a principal of Forager Capital Management, LLC, the general partner of the Fund (the "GP"), and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

	/s/ Robert MacArthur, on behalf of Forager Capital Management, LLC as managing member	02/24/2026
	/s/ Robert MacArthur, on behalf of Forager Fund L.P. as managing member of the sole general partner	02/24/2026
	/s/ Edward Kissel	02/24/2026
	/s/ Robert MacArthur	02/24/2026
	** 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).
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FAQ

What insider transaction did Forager Fund report for MasterCraft Boat (MCFT)?

Forager Fund, L.P. reported selling 26,497 shares of MasterCraft Boat Holdings, Inc. common stock in an open-market transaction. The sale was disclosed on a Form 4 insider filing and reflects a reduction in the fund’s directly held MCFT share position.

At what prices were the MasterCraft (MCFT) shares sold by Forager Fund?

The reported sale used a weighted average price of $23.50 per share. Footnotes state the individual trades ranged from $23.00 to $23.86 per share, and full price breakdowns are available on request from the reporting persons.

How many MasterCraft Boat (MCFT) shares does Forager Fund hold after the sale?

After the reported transaction, Forager Fund, L.P. directly holds 1,611,277 shares of MasterCraft Boat Holdings, Inc. common stock. This figure reflects the updated position following the 26,497-share open-market sale disclosed in the Form 4 filing.

Who are the reporting persons in the MasterCraft (MCFT) Form 4 filing?

The reporting persons are Forager Fund, L.P., Forager Capital Management, LLC, Edward Urban Kissel, and Robert Symmes MacArthur. Forager Capital Management is the fund’s general partner, and Kissel and MacArthur are principals with shared voting and dispositive authority.

How is beneficial ownership described for the MasterCraft (MCFT) shares in this filing?

The shares are directly held by Forager Fund, L.P.. The filing states each reporting person disclaims beneficial ownership of the shares except to the extent of his or its pecuniary interest, clarifying economic exposure versus full beneficial ownership.

What type of transaction code was used in the MasterCraft (MCFT) Form 4?

The transaction used code “S”, described as a sale in open market or private transaction. In this case, it is identified as an open-market sale of MasterCraft Boat Holdings, Inc. common stock by Forager Fund, L.P.