Basswood Financial Fund, L.P. has reported the sale of 5,106 shares of common stock of Regional Management Corp., valued at approximately $198,011. This transaction, filed with the SEC on November 4, 2026, highlights the fund's ongoing trading strategy and its relationship with the personal credit institutions sector.

Background

Basswood Financial Fund, L.P. is a New York-based investment fund. The fund primarily engages in investing in various sectors, including financial services. The recent filing indicates its involvement with Regional Management Corp., which operates in the personal credit institutions sector.

What the Filing Says

The filing states that Basswood Financial Fund, L.P. sold 5,106 shares of Regional Management Corp. common stock on November 4, 2026. The aggregate market value of this transaction was reported to be $198,011.

Impact

This sale may affect investor perceptions of Regional Management Corp., especially as Basswood Financial Fund holds a significant stake as a 10% stockholder. The transaction may also influence other investors in the personal credit institutions sector as they observe the fund's trading behavior.

What's Next

The filing does not say what happens next.

Details of the Transaction

The filing specifies that the shares sold were common stock with a par value of $0.10. The transaction occurred on the New York Stock Exchange (NYSE), and the sale price was based on the closing price of $38.78 from the previous day, November 3, 2026.

Ownership History

Basswood Financial Fund, L.P. originally acquired a total of 101,685 shares of Regional Management Corp. between March 2014 and May 2024 through open market purchases and transfers from affiliates. This indicates a long-term investment strategy in the company.

Recent Activity

In addition to the recent sale of 5,106 shares, the filing notes that Basswood Financial Fund sold 1,926 shares just the day prior, on November 3, 2026, generating gross proceeds of $75,114. This suggests a pattern of selling shares in the short term, possibly in response to market conditions or fund strategy.

Broker Information

The transaction was facilitated by Jones Trading Institutional Services LLC, which is noted as the broker for this sale. This partnership may reflect Basswood Financial Fund's strategy to leverage institutional trading capabilities.

Additional Context

The filing does not provide insight into the reasons behind the sale or any future intentions regarding the remaining shares held by Basswood Financial Fund, L.P. Furthermore, it lacks information on any potential impact this sale may have on the overall market perception of Regional Management Corp.