Forager Capital Management, LLC 4

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.