Basswood Capital Management, L.L.C. - Feb 16, 2024 Form 4 Insider Report for Regional Management Corp. (RM)

Signature
BASSWOOD CAPITAL MANAGEMENT, L.L.C.; /s/ Matthew Lindenbaum
Stock symbol
RM
Transactions as of
Feb 16, 2024
Transactions value $
$17,014
Form type
4
Date filed
2/21/2024, 06:01 PM
Previous filing
Feb 15, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RM Common Stock, par value $0.10 per share ("Common Stock") Sale -$335K -14.3K -2.94% $23.35 473K Feb 16, 2024 See footnotes F1, F2
transaction RM Common Stock Purchase $17.1K +730 +0.15% $23.46 473K Feb 16, 2024 See footnotes F1, F2
transaction RM Common Stock Purchase $260K +11.1K +4.13% $23.46 279K Feb 16, 2024 See footnotes F1, F3
transaction RM Common Stock Purchase $2.53K +108 +2% $23.46 5.52K Feb 16, 2024 See footnotes F1, F4
transaction RM Common Stock Purchase $72.4K +3.09K +2.91% $23.46 109K Feb 16, 2024 See footnotes F1, F5
holding RM Common Stock 29.1K Feb 16, 2024 See footnotes F1, F6
holding RM Common Stock 22.5K Feb 16, 2024 See footnotes F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 See Exhibit 99.1
F2 See Exhibit 99.1
F3 See Exhibit 99.1
F4 See Exhibit 99.1
F5 See Exhibit 99.1
F6 See Exhibit 99.1
F7 See Exhibit 99.1

Remarks:

Notes are included on Exhibit 99.1 hereto. Exhibit List: ------------- Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filer Information Exhibit 99.3 - Joint Filers' Signatures