MAGNOLIA CAPITAL FUND, LP 4

What Happened
Adam K. Peterson, reported as a 10% owner related to Magnolia Capital Fund, LP, sold 8,000 shares of Americas Carmart, Inc. at $12.59 per share on April 27, 2026, for a total proceeds of $100,720. The filing reports the transaction as an open-market or private sale (code S), which is a disposition rather than a purchase.

Key Details

• Transaction date: 2026-04-27; Price: $12.59 per share; Shares sold: 8,000; Total value: $100,720.
• Filing date: 2026-04-29 (Form 4 filed within the typical reporting window; not marked late).
• Post-transaction holdings: Not specified in the provided data.
• Beneficial ownership notes: The shares are directly owned by Magnolia Capital Fund, LP (MCF). The Magnolia Group, LLC (TMG) is MCF’s general partner and Adam K. Peterson is the managing member of TMG; TMG and Mr. Peterson may be deemed to share indirect beneficial ownership (Footnote F1). TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their pecuniary interest (Footnote F2).
• No 10b5-1 plan, tax-withholding, or other special conditions were indicated in the provided filing.

Context
This sale was by a 10% owner structure (an investment fund and its manager), not necessarily an operating-company executive. Sales by large shareholders or affiliated funds can be routine portfolio management and should not be taken alone as a company signal.