Forager Capital Management, LLC 4
4 · Regional Management Corp. · Filed Apr 30, 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 5,017 shares in two open-market dispositions. On 2026-04-28 it sold 2,101 shares at a weighted-average price of $39.59 for approximately $83,179 (individual trades ranged $39.535–$39.815). On 2026-04-29 it sold 2,916 shares at a weighted-average price of $38.50 for approximately $112,266 (individual trades ranged $38.50–$38.515). Total proceeds across both trades were about $195,445. These were sales (dispositions), not purchases.
Key Details
- Transaction dates: 2026-04-28 (2,101 shares at $39.59 WAP) and 2026-04-29 (2,916 shares at $38.50 WAP).
- Reported proceeds: ~$83,179 (4/28) and ~$112,266 (4/29); total ≈ $195,445.
- Filing date / Period of report: Form 4 filed 2026-04-30; period of report begins 2026-04-28. Filing appears timely.
- Shares owned after transaction: Not disclosed in the provided filing.
- Notable footnotes:
- F1 & F3: The reported prices are weighted-average prices; the sales were executed in multiple trades within the specified small price ranges.
- F2: Shares are directly held by Forager Fund, L.P.; Forager Capital Management, LLC is the general partner; Messrs. Kissel and MacArthur are principals of the GP with shared voting and disposal authority and disclaim beneficial ownership except for any pecuniary interest.
Context
This filing involves a 10% institutional holder, not an executive officer. Such institutional sales can reflect portfolio rebalancing or fund-level decisions and do not necessarily signal management sentiment. There were no option exercises, grants, or gifts reported in this filing.
Insider Transaction Report
- Sale
Common Stock, par value $0.10 per share
[F1][F2]2026-04-28$39.59/sh−2,101$83,179→ 951,374 total - Sale
Common Stock, par value $0.10 per share
[F3][F2]2026-04-29$38.50/sh−2,916$112,266→ 948,458 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.535 to $39.815, 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 $38.50 to $38.515, 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.