Regional Management (RM) 10% Owner Basswood Capital Acquires Shares
$RM · Regional Management Corp.Research Summary
AI-generated summary of this SEC filing
Regional Management (RM) 10% Owner Basswood Capital Acquires Shares
What Happened
Basswood Capital Management, L.L.C., a reported 10% owner of Regional Management Corp. (RM), made net purchases in early September 2026. The filer acquired 23,764 shares on 2026-09-02 at $33.10 each (total $786,588) and 4,064 shares on 2026-09-01 at $31.86 each (total $129,479), for combined acquisitions of 27,828 shares valued at $916,067. On 2026-09-01 the filer also sold 1,159 shares at $31.65 ($36,682). The acquisitions are reported under Form 4 code “A” (grant/award/other acquisition); the sale is an open-market/private sale (code “S”).
Key Details
- Transaction dates & prices:
- 2026-09-01: Acquired 4,064 shares @ $31.86 = $129,479; Sold 1,159 shares @ $31.65 = $36,682
- 2026-09-02: Acquired 23,764 shares @ $33.10 = $786,588
- Total acquired: 27,828 shares for $916,067; total disposed: 1,159 shares for $36,682
- Shares owned after transaction: Not stated in the filing excerpt (see full Form 4 for post-transaction holdings)
- Footnotes/Exhibits: Multiple footnotes reference Exhibit 99.1 for explanations; filing also includes Exhibits 99.2 (joint filer info) and 99.3 (signatures)
- Filing timeliness: Report filed 2026-09-03 covering transactions on 2026-09-01 and 2026-09-02; no late filing flag indicated in this filing
Context
Basswood is a 10% institutional owner (not an individual executive), so these moves reflect institutional trading activity rather than a company officer’s personal trade. Code “A” denotes a grant/award/other acquisition — the exhibit cited (99.1) should explain the nature of those acquisitions. Purchases by large holders can be more informative to retail investors than routine sales, but the filing does not state the filer’s rationale. For full details (including post-transaction holdings and the exhibit explanations), consult the full Form 4 and attached Exhibit 99.1.