Regional Management Corp. (RM) major holder Forager Fund discloses January stock sales

Rhea-AI Filing Summary

Forager Fund, L.P., a 10% owner of Regional Management Corp., reported open‑market sales of common stock over three days in January 2026. The Fund sold 300 shares on January 7, 2026 at a weighted average price of $39.05, 18,294 shares on January 8, 2026 at a weighted average price of $38.79, and 20,837 and 724 shares on January 9, 2026 at weighted average prices of $38.94 and $39.64, respectively. After these sales, the Form 4 reports 1,020,572 shares of Regional Management common stock beneficially owned. The filing notes that Forager Capital Management, LLC is the general partner of Forager Fund, and Messrs. Kissel and MacArthur share authority over voting and disposition, with each reporting person disclaiming beneficial ownership except to the extent of 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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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
Regional Management Corp. [ RM ]

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)
01/07/2026

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 $0.10 per share	01/07/2026		S		300	D	$39.05(1)	1,060,427	D(2)
Common Stock, par value $0.10 per share	01/08/2026		S		18,294	D	$38.79(3)	1,042,133	D(2)
Common Stock, par value $0.10 per share	01/09/2026		S		20,837	D	$38.94(4)	1,021,296	D(2)
Common Stock, par value $0.10 per share	01/09/2026		S		724	D	$39.64(5)	1,020,572	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 $39.02 to $39.07, 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 $38.50 to $39.14, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.51 to $39.48, 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.60 to $39.73, 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 member	01/09/2026
	/s/ Robert MacArthur, on behalf of Forager Fund L.P. as managing member of the sole general partner	01/09/2026
	/s/ Edward Kissel	01/09/2026
	/s/ Robert MacArthur	01/09/2026
	** Signature of Reporting Person	Date
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FAQ

Who sold Regional Management Corp. (RM) shares in this Form 4 filing?

The Form 4 reports sales of Regional Management Corp. common stock by Forager Fund, L.P., a 10% owner. Forager Capital Management, LLC is the Fund’s general partner, and Messrs. Kissel and MacArthur are principals of the general partner with shared authority over voting and disposition of the shares.

How many Regional Management Corp. (RM) shares were sold and on which dates?

The filing reports sales of 300 shares on January 7, 2026, 18,294 shares on January 8, 2026, and 20,837 plus 724 shares on January 9, 2026, all in Regional Management Corp. common stock.

At what prices were the Regional Management Corp. (RM) shares sold in this insider transaction?

The Form 4 states weighted average prices of $39.05 on January 7, $38.79 on January 8, and $38.94 and $39.64 for the two trades on January 9. Footnotes explain that each reported price is a weighted average of multiple trades within specified price ranges.

How many Regional Management Corp. (RM) shares does the reporting group hold after these sales?

After the reported transactions, the Form 4 shows 1,020,572 shares of Regional Management Corp. common stock beneficially owned following the last reported sale.

What ownership and control do the reporting persons have over the Regional Management Corp. (RM) shares?

The filing explains that the shares are directly held by Forager Fund, L.P.. Forager Capital Management, LLC is the general partner, and each of Messrs. Kissel and MacArthur, as principals, has shared authority to vote and dispose of the shares on behalf of the general partner. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

What do the weighted average price footnotes mean in the Regional Management Corp. (RM) Form 4?

For each sale date, the filing notes that the reported price is a weighted average, with individual trades executed in price ranges (for example, $39.02 to $39.07 for one transaction). The reporting persons state they will provide full trade‑level details to the issuer, any security holder, or SEC staff upon request.