Forager Capital Management, LLC 4
4 · Regional Management Corp. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Regional Management (RM) 10% Owner Forager Fund Sells 27,961 Shares
What Happened Forager Fund, L.P. (a reported 10% owner of Regional Management Corp., ticker RM) disposed of a total of 27,961 shares in open-market sales across three days. The sales occurred April 17, 20 and 21, 2026, generating aggregate proceeds of approximately $1,104,353. These were institutional dispositions (transaction code S), not purchases.
Key Details
- Transactions:
- 2026-04-17: 7,173 shares sold at a weighted average price of $38.56; proceeds $276,591. (Price range reported: $38.35–$39.04.) [F1]
- 2026-04-20: 15,000 shares sold at a weighted average price of $39.68; proceeds $595,200. (Price range reported: $39.40–$40.105.) [F3]
- 2026-04-21: 5,788 shares sold at a weighted average price of $40.18; proceeds $232,562. (Price range reported: $40.05–$40.39.) [F4]
- Total: 27,961 shares sold for ~$1,104,353.
- Filing date: Form 4 filed Apr 21, 2026 (Period of Report shows Apr 17, 2026).
- Ownership/authority note: Shares are directly held by Forager Fund, L.P.; Forager Capital Management, LLC is the general partner and two principals have shared voting and dispositive authority. Each reporting person disclaims beneficial ownership except to the extent of pecuniary interest. [F2]
- Shares owned after the transactions: not specified in the information provided in this summary.
Context
- These were open-market sales by a 10% institutional holder. Institutional sales can reflect portfolio rebalancing or other fund-level decisions and are not the same as insider/officer personal trading. Sales are generally less informative than purchases about management confidence; this report is a factual disclosure of disposals, not an explanation of motive.
Insider Transaction Report
Form 4
Forager Fund, L.P.
10% Owner
Transactions
- Sale
Common Stock, par value $0.10 per share
[F1][F2]2026-04-17$38.56/sh−7,173$276,591→ 974,263 total - Sale
Common Stock, par value $0.10 per share
[F3][F2]2026-04-20$39.68/sh−15,000$595,200→ 959,263 total - Sale
Common Stock, par value $0.10 per share
[F4][F2]2026-04-21$40.18/sh−5,788$232,562→ 953,475 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 $38.35 to $39.04, 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 $39.40 to $40.105, 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 $40.05 to $40.39, 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.