RM Form 4 shows Basswood-affiliated insider sales of common stock

Rhea-AI Filing Summary

Regional Management Corp. (RM) received a Form 4 filing from a group of affiliated reporting persons, including entities associated with Basswood Capital Management, identified as directors, 10% owners, and directors-by-deputization. The filing reports multiple open‑market sales of Common Stock on 11/21/2025, 11/24/2025, and 11/25/2025.

On these dates, various indirect accounts sold blocks of Regional Management common stock, such as 34,810 shares at $37.05 per share and 11,870 shares at $37.48 per share, among other transactions around the $36.89–$37.48 range. After the reported trades, the entities continued to hold sizeable indirect positions, including 474,143 shares, 314,119 shares, 124,017 shares, and other indirect balances noted in the table and tied to specific account relationships described in the footnotes referenced to Exhibit 99.1.

Insights

Equity Ownership Analyst

Large insider group sales by a 10% owner/director at around $37 reduce indirect beneficial holdings but leave sizable positions outstanding.

The filing shows several related reporting persons, collectively a 10% owner and director-by-deputization of Regional Management Corp., selling Common Stock over three consecutive days. On 11/21/2025, 11/24/2025, and 11/25/2025, they executed multiple open-market sales (code "S") at prices around $36.89–$37.48, totaling 97,539 shares. These transactions are all reported as indirect holdings, spread across several entities referenced in footnotes.

After these sales, the group still reports substantial indirect positions, such as 474,143 shares in one account and additional six-figure stakes in others, plus smaller positions like 968 and 31,411 shares. That means this is a reduction, not an exit, of their economic exposure. The key items to monitor now are any follow-up Form 4s showing continued selling or shifts among the various indirect owners, and any added detail in Exhibit 99.1 explaining the structure of the holdings, over the coming weeks and quarters.

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^*

BASSWOOD CAPITAL MANAGEMENT, L.L.C.

(Last) (First) (Middle)

645 MADISON AVENUE

10TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Regional Management Corp. [ RM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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 $0.10 per share ("Common Stock")	11/21/2025		S		34,810	D	$37.05	474,143	I	See footnotes(1)(2)
Common Stock	11/21/2025		S		5,047	D	$37.05	28,033	I	See footnotes(1)(3)
Common Stock	11/21/2025		S		5,232	D	$37.05	314,119	I	See footnotes(1)(4)
Common Stock	11/21/2025		S		374	D	$37.05	5,904	I	See footnotes(1)(5)
Common Stock	11/21/2025		S		252	D	$37.05	124,017	I	See footnotes(1)(6)
Common Stock	11/24/2025		S		5,163	D	$36.89	468,980	I	See footnotes(1)(2)
Common Stock	11/24/2025		S		823	D	$36.89	27,210	I	See footnotes(1)(3)
Common Stock	11/24/2025		S		10,840	D	$36.89	303,279	I	See footnotes(1)(4)
Common Stock	11/24/2025		S		203	D	$36.89	5,701	I	See footnotes(1)(5)
Common Stock	11/24/2025		S		4,279	D	$36.89	119,738	I	See footnotes(1)(6)
Common Stock	11/25/2025		S		11,870	D	$37.48	457,110	I	See footnotes(1)(2)
Common Stock	11/25/2025		S		1,009	D	$37.48	26,201	I	See footnotes(1)(3)
Common Stock	11/25/2025		S		12,477	D	$37.48	290,802	I	See footnotes(1)(4)
Common Stock	11/25/2025		S		234	D	$37.48	5,467	I	See footnotes(1)(5)
Common Stock	11/25/2025		S		4,926	D	$37.48	114,812	I	See footnotes(1)(6)
Common Stock								968	I	See footnotes(1)(7)
Common Stock(1)(8)								31,411(1)(8)	I(1)(8)	See footnotes(1)(8)

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^*

BASSWOOD CAPITAL MANAGEMENT, L.L.C.

(Last) (First) (Middle)

645 MADISON AVENUE

10TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Basswood Financial Fund, Ltd.

(Last) (First) (Middle)

IMS FUND SERVICES, HARBOUR CENTRE

3RD FLOOR, N. CHURCH STREET

(Street)

GEORGE TOWN, GRAND CAYMAN E9 KY1-1102

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

BASSWOOD OPPORTUNITY PARTNERS, L.P.

(Last) (First) (Middle)

C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C.

645 MADISON AVENUE, 10TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. See Exhibit 99.1.

2. See Exhibit 99.1.

3. See Exhibit 99.1.

4. See Exhibit 99.1.

5. See Exhibit 99.1.

6. See Exhibit 99.1.

7. See Exhibit 99.1.

8. See Exhibit 99.1.

Remarks:

Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filer Information Exhibit 99.3 - Joint Filers' Signatures

	/s/ BASSWOOD CAPITAL MANAGEMENT, L.L.C.	11/25/2025
	** 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.

FAQ

What does the latest Form 4 for Regional Management Corp. (RM) report?

The Form 4 for Regional Management Corp. (RM) reports multiple sales of Common Stock by affiliated reporting persons who are directors, 10% owners, and directors-by-deputization, across several accounts on 11/21/2025, 11/24/2025, and 11/25/2025.

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

The reporting group includes entities such as Basswood Capital Management, L.L.C., IMS Fund Services at Harbour Centre, and related accounts located at 645 Madison Avenue, 10th Floor. They are identified as directors, 10% owners, and directors-by-deputization of Regional Management.

What Regional Management (RM) stock transactions were reported on 11/21/2025?

On 11/21/2025, several accounts sold Regional Management Common Stock, including blocks of 34,810 shares at $37.05 per share and additional sales such as 5,047 shares, 5,232 shares, 374 shares, and 252 shares at the same price, with remaining indirect holdings shown for each account.

What prices were Regional Management (RM) shares sold for in this Form 4?

The reported sales of Regional Management Common Stock occurred at prices around the high‑$30 range, including $37.05, $36.89, and $37.48 per share, depending on the specific transaction date and account.

How many Regional Management (RM) shares did one account hold after these Form 4 sales?

Following the reported transactions, one indirect account is shown holding 474,143 shares of Regional Management Common Stock, while other indirect accounts hold balances such as 314,119 and 124,017 shares, as detailed in the non-derivative securities table.

Does the Regional Management (RM) Form 4 include derivative securities?

The filing includes a Table II section for derivative securities, but in the provided excerpt, there are no specific derivative transactions or amounts listed; it mainly details the structure of potential derivative disclosures.

Where can investors find the detailed structure of the reporting group in the RM Form 4?

The filing references Exhibit 99.1 for the explanation of responses and Exhibits 99.2 and 99.3 for joint filer information and signatures, which collectively describe the relationships among the reporting persons.