Dream Chasers Capital Amends Carver Bancorp Filing

TL;DR

Dream Chasers Capital updated their Carver Bancorp filing. Keep an eye on this one.

AI Summary

Dream Chasers Capital Group LLC, led by Gregory Lewis, has filed an amendment (No. 1) to its Schedule 13D on November 4, 2024, regarding Carver Bancorp Inc. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The filing is an update to previous disclosures concerning their stake in Carver Bancorp.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Carver Bancorp, which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in activist investor strategies or significant shifts in beneficial ownership, warranting close monitoring.

Key Players & Entities

• Dream Chasers Capital Group LLC (company) — Filing entity
• Gregory Lewis (person) — Leader of Dream Chasers Capital Group LLC
• Carver Bancorp Inc. (company) — Subject company
• Drew G.L. Chapman (person) — Legal counsel
• Hamilton Clarke LLP (company) — Legal firm

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $1.90 — 2024 for an average price per Share of $1.90. C. Winters (a) Winters beneficia

Filing Documents

• tm2427410d1_sc13da.htm (SC 13D/A) — 101KB
• tm2427410d1_ex99-3.htm (EX-99.3) — 15KB
• 0001104659-24-113863.txt ( ) — 118KB

SECURITY AND

ITEM 1. SECURITY AND ISSUER

is hereby amended and

Item 1 is hereby amended and restated to read as follows: This statement on Schedule 13D (“ Schedule 13D ”) relates to the common stock, par value $0.01 per share (the “ Common Stock ”), of Carver Bancorp, Inc., a Delaware corporation (the “ Issuer ”). The principal executive offices of the Issuer are located at 75 West 125 th Street, New York, NY 10027. This Schedule 13D amends, supersedes and replaces entirely any and all Schedule 13Ds previously filed by any of the Reporting Persons with respect to the Issuer. The Reporting Persons (as defined below) each beneficially owns an aggregate of 497,774 shares of Common Stock. These shares represent approximately 9.7% of the outstanding shares of Common Stock.

INTEREST IN SECURITIES OF

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

is hereby amended and restated to

Item 5 is hereby amended and restated to read as follows: The aggregate percentage of Shares reported as beneficially owned by each person named herein is based upon 5,140,872 Shares issued and outstanding as of October 15, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Definitive Proxy Statement filed with the Securities and Exchange Commission on October 31, 2024. A. Dream Chasers (a) Dream Chasers beneficially owns 238,300 Shares. Percentage: Approximately 4.6% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 238,300 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 200 (c) Dream Chasers has not entered into any transactions in Shares during the past 60 days. Mr. Lewis, as the sole manager of Dream Chasers, may be deemed to have the shared power to vote or direct the vote of all of the Shares of Dream Chasers, Mr. Herrera and Mr. Winters. B. Herrera (a) Herrera beneficially owns 81,100 Shares. Percentage: Approximately 1.6% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 81,100 4. Shared power to dispose or direct the disposition: 0 CUSIP No. 146875604 Page 7 (c) Herrera purchased 4,000 in open market transactions during the past 60 days on September 11, 2024 for an average price per Share of $1.90. C. Winters (a) Winters beneficially owns 157,000 Shares. Percentage: Approximately 3.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 157,000 4. Shared power to dispose or direct the disposition: 0 (c) Winters has not entered into any transactions in Shares during the past 60 days. D. Bailey (a) Bailey beneficially owns 259,474 Shares 3 , of which 161,200 Shares are jointly owned w

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The third paragraph of Item 6 is hereby amended and restated to read as follows: Herrera and Winters have each granted Dream Chasers a power of attorney to, among other things, vote their Shares pursuant to a Proxy and Power of Attorney, a copy of which is attached hereto as Exhibit 99.3 and incorporated herein by reference.

MATERIAL TO BE FILED AS AN

ITEM 7. MATERIAL TO BE FILED AS AN EXHIBIT

is hereby amended and restated to read as follows

Item 7 is hereby amended and restated to read as follows: Exhibit 99.1 Joint Filing Agreement among the Reporting Persons as of October 21, 2024. Exhibit 99.2 Power of Attorney with respect to this Schedule 13D and any amendments hereafter. Exhibit 99.3 Proxy and Power of Attorney among Herrera, Winters, and Dream Chasers dated as of November 1, 2024. Exhibit 99.4 Proxy and Power of Attorney between Jeffrey Bailey and Garrett Kyle Bailey effective as of June 1, 2024. CUSIP No. 146875604 Page 9

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: November 4, 2024 DREAM CHASERS CAPITAL GROUP LLC By: /s/ Gregory Antonius Lewis Name: Gregory Lewis Title: Managing Member GREGORY ANTONIUS LEWIS By: /s/ Gregory Antonius Lewis Name: Gregory Antonius Lewis SHAWN PAUL HERRERA By: /s/ Shawn Paul Herrera Name: Shawn Paul Herrera KEVIN SCOTT WINTERS By: /s/ Kevin Scott Winters Name: Kevin Scott Winters JEFFREY JOHN BAILEY By: /s/ Jeffrey John Bailey Name: Jeffrey John Bailey CUSIP No. 146875604 Page 10 Exhibit Description Exhibit 99.1 Joint Filing Agreement among the Reporting Persons as of October 21, 2024. Exhibit 99.2 Power of Attorney with respect to this Schedule 13D and any amendments thereafter. Exhibit 99.3 Proxy and Power of Attorney among Herrera, Winters, and Dream Chasers dated as of November 1, 2024. Exhibit 99.4 Proxy and Power of Attorney between Jeffrey Bailey and Garrett Kyle Bailey effective as of June 1, 2024. CUSIP No. 146875604 Page 11

View Full Filing

View this SC 13D/A filing on SEC EDGAR