Form 4: Investment Fund Reduces Stake Through In-Kind Distribution

Adam K. Peterson, a director and 10% owner of AMERICAS CARMART INC, reported an in-kind distribution of 167,404 shares of common stock by Magnolia Capital Fund, LP.

Summary

• Adam K. Peterson, a director and 10% owner of AMERICAS CARMART INC, along with entities Magnolia Capital Fund, LP (MCF) and The Magnolia Group, LLC (TMG), reported a change in beneficial ownership.
• On July 15, 2025, MCF distributed 167,404 shares of AMERICAS CARMART INC common stock in-kind to three limited partners.
• This distribution was in satisfaction of a partial withdrawal request from the fund.
• The transaction resulted in a decrease of 167,404 shares in the beneficial ownership reported by MCF, TMG, and Mr. Peterson.
• Following this transaction, 1,260,690 shares of common stock are beneficially owned by the reporting persons.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (in-kind share distribution) which is a fund management activity and does not inherently indicate positive or negative operational performance or strategic shifts for the company.

Negatives

• A reduction of 167,404 shares in the reported beneficial ownership by a 10% owner and director, which could be interpreted by some investors as a decrease in conviction, even though it was an in-kind distribution rather than a market sale.

Future Outlook

No forward-looking statements or guidance regarding the company's operations or financial performance are provided in this document.

Management Comments

• TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Industry Context

This document reports a specific insider transaction related to a change in beneficial ownership by a director and significant shareholder, and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• An in-kind distribution of shares from Magnolia Capital Fund, LP to its limited partners, where The Magnolia Group, LLC is the general partner and Adam K. Peterson is the managing member of The Magnolia Group, LLC, indicating a transaction among related entities.

Stakeholder Impact

• Shareholders: A reduction in reported beneficial ownership by a 10% owner and director, even if an in-kind distribution, could be noted by investors as a change in the insider's stake.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Beneficial Ownership, Share Distribution, AMERICAS CARMART INC, CRMT, Adam K. Peterson, Magnolia Capital Fund, Magnolia Group