Forager Capital Management, LLC 4
4 · Regional Management Corp. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Regional Management (RM) 10% Owner Forager Fund Sells Shares
What Happened
Forager Fund, L.P., a reported 10% owner of Regional Management Corp. (RM), sold a total of 37,827 shares in three open‑market transactions between April 14 and April 16, 2026, generating total proceeds of approximately $1,444,787. The individual trades were: 7,398 shares at a weighted average $38.02 (Apr 14, $281,272), 17,602 shares at $38.06 (Apr 15, $669,932), and 12,827 shares at $38.48 (Apr 16, $493,583). These were sales (S) — routine disposition by an institutional holder rather than an insider purchase.
Key Details
- Transaction dates and reported weighted average prices:
- Apr 14, 2026 — 7,398 shares @ $38.02 (weighted price; per footnote range $37.88–$38.14)
- Apr 15, 2026 — 17,602 shares @ $38.06 (weighted price; per footnote range $37.85–$38.37)
- Apr 16, 2026 — 12,827 shares @ $38.48 (weighted price; per footnote range $38.26–$38.60)
- Total sold: 37,827 shares for ~$1.445 million.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: the reported prices are weighted averages with price ranges for individual trades; full per‑trade price breakdown is available on request. The shares are directly held by Forager Fund, L.P.; Forager Capital Management, LLC is the Fund’s general partner, and principals (Messrs. Kissel and MacArthur) have shared voting/disposal authority and disclaim beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Form 4 was filed April 16, 2026; transactions appear to have been reported within the standard Form 4 filing window (i.e., timely).
Context
This filing reflects institutional selling by a 10% shareholder (Forager Fund), not an executive or director purchase. Sales by large holders can be routine portfolio management and do not by themselves indicate company performance or insider confidence. Footnotes indicate multiple executions at slightly different prices; for exact per‑trade prices, see the filing or request the breakdown as noted.
Insider Transaction Report
- Sale
Common Stock, par value $0.10 per share
[F1][F2]2026-04-14$38.02/sh−7,398$281,272→ 1,011,865 total - Sale
Common Stock, par value $0.10 per share
[F3][F2]2026-04-15$38.06/sh−17,602$669,932→ 994,263 total - Sale
Common Stock, par value $0.10 per share
[F4][F2]2026-04-16$38.48/sh−12,827$493,583→ 981,436 total
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.