Form 4: Basswood Capital Management Reports Changes in Beneficial Ownership of Regional Management Corp.

Basswood Capital Management and related entities report a series of transactions involving Regional Management Corp. stock, including both acquisitions and disposals.

Summary

• Basswood Capital Management, along with related entities including Matthew and Bennett Lindenbaum, Basswood Partners, and Basswood Financial Long Only Fund, filed a Form 4 detailing changes in their beneficial ownership of Regional Management Corp. stock.
• The transactions occurred on December 11, 2024, and included the purchase of 2,671 shares at $34.10 per share and the sale of 2,671 shares at $34.04 per share.
• The filing also details the indirect ownership of shares held by various funds and managed accounts associated with Basswood Capital Management.
• The total number of shares beneficially owned by the reporting persons is 508,953 shares held indirectly, 33,080 shares held indirectly, 319,351 shares held indirectly, 6,278 shares held indirectly, 124,269 shares held indirectly, and 26,920 shares held indirectly.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and does not contain any information that would indicate a positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for significant shareholders and insiders, providing transparency into their trading activities. This filing indicates the trading activity of a major shareholder in Regional Management Corp.

Comparison to Industry Standards

• Form 4 filings are a standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.
• Similar filings are made by other investment firms and individuals who hold significant positions in public companies, such as those made by other hedge funds and institutional investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the trading activities of a major shareholder, Basswood Capital Management.

Key Dates

Keywords

Form 4, Beneficial Ownership, Regional Management Corp, Basswood Capital Management, Stock Transactions, Director-by-Deputization, Shareholding