Dream Chasers Capital Updates Carver Bancorp Stake

TL;DR

Dream Chasers Capital just updated their 13D filing for Carver Bancorp. Watch this space.

AI Summary

Dream Chasers Capital Group LLC, through Gregory Lewis, has filed an amendment (No. 2) to its Schedule 13D regarding Carver Bancorp Inc. The filing, dated December 12, 2024, indicates a change in beneficial ownership. The specific details of the change in ownership percentage or number of shares are not explicitly stated in this excerpt, but it represents an update to their previous filing.

Why It Matters

This filing signals a potential shift in control or influence over Carver Bancorp, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or strategic shifts, which carry inherent market risks.

Key Players & Entities

• Dream Chasers Capital Group LLC (company) — Filing entity
• Gregory Lewis (person) — Key individual associated with Dream Chasers Capital Group LLC
• Carver Bancorp Inc. (company) — Subject company
• Hamilton Clarke LLP (company) — Legal counsel
• Drew G.L. Chapman (person) — Legal counsel representative

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
• $1.82 — cember 10, 2024 for a purchase price of $1.82 per Share plus an amount equal to 50% o

Filing Documents

• tm2430836d1_sc13da.htm (SC 13D/A) — 108KB
• tm2430836d1_ex99-5.htm (EX-99.5) — 18KB
• 0001104659-24-128067.txt ( ) — 127KB

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 409,774 shares of Common Stock. These shares represent approximately 7.97% 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 150,300 Shares. Percentage: Approximately 2.9% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 150,300 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 CUSIP No. 146875604 Page 7 3. Sole power to dispose or direct the disposition: 81,100 4. Shared power to dispose or direct the disposition: 0 (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 69,000 Shares. Percentage: Approximately 1.3% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 69,000 3. Sole power to dispose or direct the disposition: 69,000 4. Shared power to dispose or direct the disposition: 0 (c) Winters sold a total of 88,000 Shares during the past 60 days on December 10, 2024 for a purchase price of $1.82 per Share plus an amount equal to 50% of the net proceeds derived from a

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

is hereby amended and restated to read by

Item 6 is hereby amended and restated to read by inserting the following paragraph as a new paragraph five, as follows: Winters entered into a Stock Transfer Agreement dated December 10, 2024 with Mathew Bradbury pursuant to which he transferred 88,000 shares of Common Stock. The purchase price payable thereunder is payable upon the sale of any of those shares by the transferee in the amount of $1.82 per share plus an amount equal to 50% of the net proceeds derived from any sale or other transfer above $1.82 per share.

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. Exhibit 99.5 Stock Transfer Agreement between Kevin Winters and Mathew Bradbury dated as of December 10, 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: December 12, 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 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. Exhibit 99.5 Stock Transfer Agreement between Kevin Winters and Mathew Bradbury dated as of December 10, 2024. CUSIP No. 146875604 Page 11

View Full Filing

View this SC 13D/A filing on SEC EDGAR