Devlin Amends Bank of Marin Bancorp Filing

TL;DR

Shawn Devlin filed an update on his Bank of Marin Bancorp stake. Watch this space.

AI Summary

Shawn Devlin, through Olshan Frome Wolosky LLP, filed an amendment (No. 4) to Schedule 13D on August 29, 2024, regarding Bank of Marin Bancorp. The filing indicates a change in beneficial ownership of the company's common stock, with the specific details of the change and the new ownership percentage not fully detailed in the provided text.

Why It Matters

This filing signals a potential shift in control or significant stake-taking in Bank of Marin Bancorp, which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Devlin Shawn (person) — Filing person
• Bank of Marin Bancorp (company) — Subject company
• Olshan Frome Wolosky LLP (company) — Legal representative for filing person
• Steve Wolosky, Esq. (person) — Authorized person to receive notices

FAQ

Key Financial Figures

• $20.6000 — ARDNER Sale of Common Stock (2,500) $20.6000 07/31/2024 Sale of Common Stock (3,
• $19.1712 — 1/2024 Sale of Common Stock (3,738) $19.1712 08/01/2024 Sale of Common Stock (3,
• $18.6942 — 1/2024 Sale of Common Stock (3,300) $18.6942 08/02/2024 Sale of Common Stock (2,
• $18.0580 — 2/2024 Sale of Common Stock (2,500) $18.0580 08/06/2024 Sale of Common Stock (2,
• $18.0726 — 6/2024 Sale of Common Stock (2,685) $18.0726 08/07/2024 Sale of Common Stock (1,
• $19.5060 — 7/2024 Sale of Common Stock (1,600) $19.5060 08/22/2024 SHAWN DEVLIN Sale of Co
• $19.3900 — DEVLIN Sale of Common Stock (5,279) $19.3900 08/01/2024 Sale of Common Stock (3,
• $18.6900 — 1/2024 Sale of Common Stock (3,617) $18.6900 08/02/2024 Sale of Common Stock (28
• $18.5400 — /02/2024 Sale of Common Stock (280) $18.5400 08/13/2024 Sale of Common Stock (3,
• $19.1600 — 3/2024 Sale of Common Stock (3,053) $19.1600 08/15/2024 Sale of Common Stock (2,
• $19.4500 — 5/2024 Sale of Common Stock (2,487) $19.4500 08/16/2024 Sale of Common Stock (2,
• $19.4000 — 6/2024 Sale of Common Stock (2,015) $19.4000 08/19/2024 Sale of Common Stock (2,
• $18.9900 — 9/2024 Sale of Common Stock (2,529) $18.9900 08/20/2024 Sale of Common Stock (1,
• $18.7000 — 0/2024 Sale of Common Stock (1,140) $18.7000 08/21/2024 Sale of Common Stock (11
• $20.5000 — /2024 Sale of Common Stock (11,118) $20.5000 08/23/2024 Sale of Common Stock (3,

Filing Documents

• sc13da413168002_08292024.htm (SC 13D/A) — 76KB
• 0000921895-24-002019.txt ( ) — 77KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a)–(c) and (e) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 16,276,063 Shares outstanding as of July 30, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on August 8, 2024. A. Mr. Gardner (a) As of the date hereof, Mr. Gardner directly beneficially owned 367,024 Shares. Percentage: Approximately 2.3% (b) 1. Sole power to vote or direct vote: 367,024 2. Shared power to vote or direct vote: -0- 3. Sole power to dispose or direct the disposition: 367,024 4. Shared power to dispose or direct the disposition: -0- (c) Mr. Gardner’s transactions in the securities of the Issuer since the filing of Amendment No. 3 are set forth on Schedule A annexed hereto. B. Ms. Devlin (a) As of the date hereof, Ms. Devlin directly beneficially owned 425,946 Shares. Percentage: Approximately 2.6% (b) 1. Sole power to vote or direct vote: 425,946 2. Shared power to vote or direct vote: -0- 3. Sole power to dispose or direct the disposition: 425,946 4. Shared power to dispose or direct the disposition: -0- (c) Ms. Devlin’s transactions in the securities of the Issuer since the filing of Amendment No. 3 are set forth on Schedule A annexed hereto. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or she does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or she does not directly own. (e) As of August 22, 2024, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of their respective knowledge, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 29, 2024 /s/ Riley Gardner Riley Gardner /s/ Shawn Devlin Shawn Devlin 5 CUSIP No. 063425102 SCHEDULE A Transactions in the Securities of the Issuer Since the Filing of Amendment No. 3 Nature of the Transaction Amount of Securities Purchased/(Sold) Price ($) Date of Purchase/Sale RILEY GARDNER Sale of Common Stock (2,500) $20.6000 07/31/2024 Sale of Common Stock (3,738) $19.1712 08/01/2024 Sale of Common Stock (3,300) $18.6942 08/02/2024 Sale of Common Stock (2,500) $18.0580 08/06/2024 Sale of Common Stock (2,685) $18.0726 08/07/2024 Sale of Common Stock (1,600) $19.5060 08/22/2024 SHAWN DEVLIN Sale of Common Stock (5,279) $19.3900 08/01/2024 Sale of Common Stock (3,617) $18.6900 08/02/2024 Sale of Common Stock (280) $18.5400 08/13/2024 Sale of Common Stock (3,053) $19.1600 08/15/2024 Sale of Common Stock (2,487) $19.4500 08/16/2024 Sale of Common Stock (2,015) $19.4000 08/19/2024 Sale of Common Stock (2,529) $18.9900 08/20/2024 Sale of Common Stock (1,140) $18.7000 08/21/2024 Sale of Common Stock (11,118) $20.5000 08/23/2024 Sale of Common Stock (3,951) $20.7300 08/26/2024 Sale of Common Stock (2,556) $20.4600 08/27/2024 Sale of Common Stock (2,060) $20.6600 08/28/2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR