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  4. [Form 4] Regional Management Corp. Insider Trading Activity

Forager Fund (RM) trims Regional Management stake with 37,827-share sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Forager Fund, L.P. and related reporting persons, as ten percent owners of Regional Management Corp., reported open-market sales of common stock over three consecutive days. They sold 7,398 shares at a weighted average price of about $38.02 on April 14, 2026, 17,602 shares at about $38.06 on April 15, 2026, and 12,827 shares at about $38.48 on April 16, 2026. After these transactions, the Fund directly held 981,436 shares, indicating it continues to maintain a large position in Regional Management despite the net sale of 37,827 shares.

Positive

  • None.

Negative

  • None.
Insider Forager Fund, L.P., Forager Capital Management, LLC, Kissel Edward Urban, MacArthur Robert Symmes
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 37,827 shs ($1.44M)
Type Security Shares Price Value
Sale Common Stock, par value $0.10 per share 12,827 $38.48 $494K
Sale Common Stock, par value $0.10 per share 17,602 $38.06 $670K
Sale Common Stock, par value $0.10 per share 7,398 $38.02 $281K
Holdings After Transaction: Common Stock, par value $0.10 per share — 981,436 shares (Direct)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.88 to $38.14, 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. The shares reported are directly held by Forager Fund, L.P., a Delaware limited partnership (the "Fund"). Forager Capital Management, LLC is the general partner of the Fund (the "General Partner"), and each of Messrs. Kissel and MacArthur is a principal of the General Partner and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, the shares on behalf of the General Partner. Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.85 to $38.37, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.26 to $38.60, 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.
Shares sold April 14, 2026 7,398 shares Open-market sale of common stock at ~$38.02 weighted average
Shares sold April 15, 2026 17,602 shares Open-market sale of common stock at ~$38.06 weighted average
Shares sold April 16, 2026 12,827 shares Open-market sale of common stock at ~$38.48 weighted average
Total shares sold 37,827 shares Net open-market sales across three consecutive days
Shares held after transactions 981,436 shares Forager Fund direct holdings of Regional Management common stock
Sale price April 14, 2026 $38.02/share Weighted average price; trades ranged from $37.88 to $38.14
Sale price April 15, 2026 $38.06/share Weighted average price; trades ranged from $37.85 to $38.37
Sale price April 16, 2026 $38.48/share Weighted average price; trades ranged from $38.26 to $38.60
open-market sale financial
"transaction_action: "open-market sale" for each common stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ten percent owner regulatory
"each reporting person is marked as is_ten_percent_owner: 1"
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein"
beneficial ownership regulatory
"Each of the reporting persons disclaims beneficial ownership of such 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Forager Fund, L.P.
(Last)(First)(Middle)
2025 3RD AVE. N, SUITE 350
(Street)
BIRMINGHAM ALABAMA 35203
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Regional Management Corp. [ RM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.10 per share04/14/2026S7,398D$38.02(1)1,011,865D(2)
Common Stock, par value $0.10 per share04/15/2026S17,602D$38.06(3)994,263D(2)
Common Stock, par value $0.10 per share04/16/2026S12,827D$38.48(4)981,436D(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 ALABAMA 35203
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 ALABAMA 35203
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 ALABAMA 35203
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 ALABAMA 35203
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 $37.88 to $38.14, 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., a Delaware limited partnership (the "Fund"). Forager Capital Management, LLC is the general partner of the Fund (the "General Partner"), and each of Messrs. Kissel and MacArthur is a principal of the General Partner and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, the shares on behalf of the General Partner. Each of the reporting persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.85 to $38.37, 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.26 to $38.60, 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.
/s/ Robert MacArthur, on behalf of Forager Capital Management, LLC as managing member04/16/2026
/s/ Robert MacArthur, on behalf of Forager Fund L.P. as managing member of the sole general partner04/16/2026
/s/ Edward Kissel04/16/2026
/s/ Robert MacArthur04/16/2026
** Signature of Reporting PersonDate
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

FAQ

What insider transactions did Forager Fund report in Regional Management Corp. (RM)?

Forager Fund, L.P. and related reporting persons reported three open-market sales of Regional Management Corp. common stock, totaling 37,827 shares. These sales occurred on April 14, 15, and 16, 2026, at weighted average prices slightly above $38 per share.

How many RM shares did Forager Fund sell on April 16, 2026?

On April 16, 2026, Forager Fund, L.P. reported selling 12,827 shares of Regional Management Corp. common stock. The weighted average sale price was $38.48 per share, based on multiple trades executed between $38.26 and $38.60 that day.

What were the Regional Management (RM) insider sales on April 15, 2026?

On April 15, 2026, the reporting persons sold 17,602 shares of Regional Management Corp. common stock. The weighted average price was $38.06 per share, reflecting multiple trades executed in a price range from $37.85 to $38.37 during the day.

How many RM shares did Forager Fund sell on April 14, 2026, and at what price?

On April 14, 2026, the reporting persons sold 7,398 shares of Regional Management Corp. common stock. The weighted average sale price was $38.02 per share, from trades executed between $37.88 and $38.14, according to the Form 4 footnotes.

How many Regional Management (RM) shares does Forager Fund hold after these transactions?

After the reported sales, Forager Fund, L.P. directly holds 981,436 shares of Regional Management Corp. common stock. This post-transaction balance reflects a net sale of 37,827 shares across three days while maintaining a substantial remaining position.

Who are the reporting persons in this Regional Management (RM) Form 4 filing?

The reporting persons are Forager Fund, L.P., Forager Capital Management, LLC, and individuals Edward Urban Kissel and Robert Symmes MacArthur. The Fund directly holds the shares, and the others are associated with the Fund’s general partner with shared voting and disposal authority.