Jeffrey A. Williams - Feb 18, 2022 Form 4 Insider Report for AMERICAS CARMART INC (CRMT)

Role: President and CEO, Director
Signature: /s/ Courtney C. Crouch, III, Pursuant to a Power of Attorney
Stock symbol: CRMT
Transactions as of: Feb 18, 2022
Transactions value $: -$820,649
Form type: 4
Date filed: 2/23/2022, 03:33 PM
Next filing: May 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRMT	Common Stock	Options Exercise	$1.39M	+30K	+34.84%	$46.47	116K	Feb 18, 2022	Direct	F1
transaction	CRMT	Common Stock	Tax liability	-$2.21M	-20.6K	-17.73%	$107.58	95.5K	Feb 18, 2022	Direct	F1, F2
holding	CRMT	Common Stock						5.2K	Feb 18, 2022	By 401(k) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CRMT	Employee Stock Option (Right to Buy)	Options Exercise	$0	-10K	-100%	$0.00^*	0	Feb 18, 2022	Common Stock	10K	$46.47	Direct
transaction	CRMT	Employee Stock Option (Right to Buy)	Options Exercise	$0	-20K	-100%	$0.00^*	0	Feb 18, 2022	Common Stock	20K	$46.47	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 2,014 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.
F2	Includes 12,958 shares withheld by the issuer to pay the exercise price pursuant to a "net exercise" arrangement and 7,629 shares withheld by the issuer to satisfy the reporting person's tax obligation in connection with this exercise.
F3	Between November 27, 2019 and February 18, 2022, the reporting person acquired 184.3117 shares under the America's Car-Mart, Inc. 401(k) Plan.
F4	On August 5, 2015, the reporting person was granted an option to purchase 20,000 shares of common stock. The option vested in full on the fifth anniversary of the grant date if the Company's cumulative consolidated net income growth, calculated on a compound basis, for the five fiscal years ending April 30, 2020 was equal to 10% or more. The performance criteria were met, resulting in the vesting of the option for 20,000 shares of common stock.