MAGNOLIA CAPITAL FUND, LP 4

What Happened Adam K. Peterson, the managing member of The Magnolia Group (and a 10% owner via related entities), reported a disposition of 132,815 shares of Americas CarMart common stock on April 20, 2026. The Form 4 lists the transaction as an "other disposition" (code J) with $0 reported proceeds because the shares were distributed in-kind by Magnolia Capital Fund, LP to withdrawing limited partners rather than sold in the open market.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
• Transaction type/code: Other disposition (J) — 132,815 shares; reported price $0.00 (in-kind distribution).
• Shares owned after transaction: The filing does not state a specific post-transaction total for Peterson; it notes Magnolia Capital Fund is no longer deemed the beneficial owner of the distributed 132,815 shares, and beneficial ownership attributed to The Magnolia Group and Mr. Peterson decreased correspondingly.
• Footnotes:
  • F1/F2 explain the shares were held by Magnolia Capital Fund, LP (MCF), with The Magnolia Group, LLC as general partner and Mr. Peterson as managing member; TMG and Mr. Peterson disclaim ownership except for pecuniary interests.
  • F3 clarifies MCF distributed the shares in-kind to withdrawing limited partners, causing the decrease in reported beneficial ownership.
• No sale proceeds or cash received are reported; this was a distribution, not an open-market sale.

Context This was an institutional/fund in-kind distribution by Magnolia Capital Fund to withdrawing partners, not a personal open-market sale by Mr. Peterson. Such distributions reduce the fund’s (and related parties’) reported beneficial ownership but do not necessarily indicate Mr. Peterson’s personal intent to sell shares on the market.