Sec Form 13G Filing - Forager Capital Management, LLC @ Regional Management Corp.

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)*

Regional Management Corp.

(Name of Issuer)

Common Stock, $0.10 par value

(Title of Class of Securities)

75902K106

(CUSIP Number)

06/09/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

75902K106

Names of Reporting Persons

Forager Capital Management, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,040,469.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,040,469.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,040,469.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.5 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

75902K106

Names of Reporting Persons

Forager Fund, L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,040,469.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,040,469.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,040,469.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.5 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

75902K106

Names of Reporting Persons

Kissel Edward Urban

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,040,469.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,040,469.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,040,469.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.5 %

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No.

75902K106

Names of Reporting Persons

MacArthur Robert Symmes

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,040,469.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,040,469.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,040,469.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

10.5 %

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Regional Management Corp.

(b)

Address of issuer's principal executive offices:

979 BATESVILLE ROAD, SUITE B, GREER, SOUTH CAROLINA, 29651.

Item 2.

(a)

Name of person filing:

This joint statement on Schedule 13G is being filed by Forager Fund, L.P., a Delaware limited partnership (the "Fund"), Forager Capital Management, LLC, a Delaware limited liability company and the general partner of the Fund (the "General Partner"), Edward Kissel and Robert MacArthur (collectively, the "Reporting Persons").

(b)

Address or principal business office or, if none, residence:

The business address of each of the Reporting Persons is 2025 3rd Ave. N, Suite 350, Birmingham, AL 35203.

(c)

Citizenship:

The Fund is a Delaware limited partnership. The General Partner is a Delaware limited liability company. Each of Messrs. Kissel and MacArthur is a citizen of the United States.

(d)

Title of class of securities:

Common Stock, $0.10 par value

(e)

CUSIP No.:

75902K106

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

The Reporting Persons, in the aggregate, beneficially own 1,040,469 shares of common stock of the Issuer ("Common Stock").

(b)

Percent of class:

10.5%. The percentages of beneficial ownership reported herein, and on each Reporting Person's cover page to this Schedule 13G, are based on a total of 9,920,620 shares of Common Stock issued and outstanding as of April 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q for its quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission on May 2, 2025. %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Each of the Fund and the General Partner has the sole power to vote or to direct the vote of 1,040,469 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to vote or to direct the vote of 0 shares of Common Stock.

(ii) Shared power to vote or to direct the vote:

Each of the Fund and the General Partner has the shared power to vote or to direct the vote of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to vote or to direct the vote of 1,040,469 shares of Common Stock.

(iii) Sole power to dispose or to direct the disposition of:

Each of the Fund and the General Partner has the sole power to dispose or to direct the disposition of 1,040,469 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to dispose or to direct the disposition of 0 shares of Common Stock.

(iv) Shared power to dispose or to direct the disposition of:

Each of the Fund and the General Partner has the shared power to dispose or to direc t the disposition of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to dispose or to direct the disposition of 1,040,469 shares of Common Stock.

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Forager Capital Management, LLC

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	06/11/2025

Forager Fund, L.P.

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	06/11/2025

Kissel Edward Urban

Signature:	/s/ Edward Kissel
Name/Title:	Director
Date:	06/11/2025

MacArthur Robert Symmes

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	06/11/2025

Exhibit Information

Exhibit 99.1 Joint Filing Agreement, dated January 10, 2023, by and among the reporting persons, incorporated herein by reference to Exhibit 1 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on January 10, 2023 (https://www.sec.gov/Archives/edgar/data/1519401/000165495423000260/rmc_sc13g.htm) Exhibit 99.2 Confirming Statement, dated January 10, 2024, by Edward Kissel, incorporated herein by reference to Exhibit 2 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on January 10, 2023 (https://www.sec.gov/Archives/edgar/data/1519401/000165495423000260/rmc_sc13g.htm) Exhibit 99.3 Confirming Statement, dated January 10, 2024, by Robert MacArthur, incorporated herein by reference to Exhibit 3 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on January 10, 2023 (https://www.sec.gov/Archives/edgar/data/1519401/000165495423000260/rmc_sc13g.htm)

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Sec Form 13G Filing - Forager Capital Management, LLC filing for - 2025-06-11