Forager Capital Management, LLC 4

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.