Regional Management (RM) 10% Owner Forager Fund Sells Shares

What Happened

• Forager Fund, L.P., a disclosed 10% owner of Regional Management Corp. (RM), sold a total of 29,322 shares in open-market transactions on Sept 15–17, 2026. The three reported trades were: 9,857 shares on 2026-09-15 at a weighted avg $32.26 ($317,987); 9,064 shares on 2026-09-16 at a weighted avg $32.19 ($291,770); and 10,401 shares on 2026-09-17 at a weighted avg $32.22 ($335,120). Total proceeds across the three days were about $944,877. These were sales (routine disposition), not purchases.

Key Details

• Transaction dates and reported weighted average prices:
  • 2026-09-15: 9,857 sh @ $32.26 (weighted avg); range $32.00–$32.745 (Footnote F1)
  • 2026-09-16: 9,064 sh @ $32.19 (weighted avg); range $32.00–$32.42 (Footnote F3)
  • 2026-09-17: 10,401 sh @ $32.22 (weighted avg); range $32.10–$32.5303 (Footnote F4)
• Total sold: 29,322 shares for roughly $944,877.
• Shares owned after transaction: not specified in the provided filing.
• Footnote on ownership (F2): shares are directly held by Forager Fund, L.P.; Forager Capital Management, LLC is the general partner, and principals (Messrs. Kissel and MacArthur) share voting/disposal authority. They disclaim beneficial ownership except for any pecuniary interest.
• Filing date: Form filed 2026-09-17 for trades occurring Sept 15–17; appears to be filed within the standard two-business-day window (i.e., not flagged late).

Context

• This filing documents institutional sales by a 10% owner (not an executive compensation event). Sales by large holders are routine portfolio activity and do not, by themselves, indicate corporate insider sentiment. Footnotes indicate the reported prices are weighted averages over multiple executions and the filer will provide a price-by-price breakdown to the issuer, holders, or SEC staff on request.