MAGNOLIA CAPITAL FUND, LP 4

What Happened

• Adam K. Peterson, the managing member of The Magnolia Group and reported 10% owner for purposes of this filing, reported a disposition of 437,161 shares of Americas CarMart common stock on July 20, 2026. The transaction is reported as "Other acquisition or disposition (J)" at $0.00 per share (no cash proceeds).
• Per the filing, the shares were directly owned by Magnolia Capital Fund, LP (MCF). MCF distributed 437,161 shares in‑kind to withdrawing limited partners on July 20, 2026, so MCF (and correspondingly TMG and Mr. Peterson in their indirect capacities) is no longer deemed beneficial owner of those distributed shares.

Key Details

• Transaction date: July 20, 2026; Filing date: July 22, 2026 (reported within the typical Section 16 timeline).
• Reported disposition: 437,161 shares at $0.00 per share — total proceeds reported as $0 (in‑kind distribution, not an open‑market sale).
• Shares reported as owned decreased by 437,161 as a result of the distribution (the filing does not state the remaining total shares owned).
• Footnotes: (F1) Shares were held by Magnolia Capital Fund, LP; (F2) TMG and Mr. Peterson disclaim beneficial ownership except for pecuniary interest; (F3) Distribution was made to withdrawing limited partners, causing the reduction in MCF’s reported holdings.
• Transaction code: J (other acquisition/disposition) — here reflecting an in‑kind fund distribution rather than a market sale.

Context

• This was an in‑kind fund distribution from an affiliated investment vehicle, not an open‑market sale or purchase by Mr. Peterson personally; no cash changed hands according to the filing.
• For retail investors: distributions from funds and changes in reported holdings of 10% owners can reflect partner-level actions (e.g., withdrawals) rather than an individual insider’s trading decision. The filing includes disclaimers that TMG and Mr. Peterson only claim pecuniary interest and do not necessarily admit direct beneficial ownership.