Castle Creek Amends 13D Filing for Third Coast Bancshares

TL;DR

Castle Creek Capital Partners VIII, LP updated its stake in Third Coast Bancshares, Inc. on Nov 20, 2024.

AI Summary

Castle Creek Capital Partners VIII, LP, along with its affiliates, has filed an amendment (No. 4) to its Schedule 13D concerning Third Coast Bancshares, Inc. The filing, dated November 20, 2024, indicates a change in beneficial ownership. Castle Creek Capital Partners VIII, LP is based in San Diego, CA, and the subject company, Third Coast Bancshares, Inc., is headquartered in Humble, TX.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Third Coast Bancshares, Inc., which could impact its stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity that can lead to volatility or strategic changes within a company.

Key Players & Entities

• Castle Creek Capital Partners VIII, LP (company) — Filing entity
• Third Coast Bancshares, Inc. (company) — Subject company
• Castle Creek Capital Partners VII, LP (company) — Group member
• Castle Creek Capital Partners VIII Co-Investment Fund A, LP (company) — Group member
• Castle Creek Capital VII LLC (company) — Group member
• Castle Creek Capital VIII LLC (company) — Group member

FAQ

Key Financial Figures

• $1.00 — ame of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securiti
• $5,700,417 — shares of Common Stock for proceeds of $5,700,417.75, which represents an amount net of c
• $35.15 — 13, 2024 at a weighted average price of $35.15 per share (in multiple open market, bro
• $34.90 — oker-assisted transactions ranging from $34.90 to $35.31, inclusive); (ii) 38,618 shar
• $35 — ted transactions ranging from $34.90 to $35.31, inclusive); (ii) 38,618 shares of C
• $34.69 — 14, 2024 at a weighted average price of $34.69 per share (in multiple open market, bro
• $34.29 — oker-assisted transactions ranging from $34.29 to $35.06, inclusive); (iii) 43,344 sha
• $34.66 — 15, 2024 at a weighted average price of $34.66 per share (in multiple open market, bro
• $34.10 — oker-assisted transactions ranging from $34.10 to $35.22, inclusive); and (iv) 31,815
• $34.76 — 18, 2024 at a weighted average price of $34.76 per share (in multiple open market, bro
• $34.60 — oker-assisted transactions ranging from $34.60 to $35.00, inclusive). 8 SIGNATURES

Filing Documents

• tm2429019d1_sc13da.htm (SC 13D/A) — 100KB
• 0001104659-24-121160.txt ( ) — 101KB

of the Schedule 13D is hereby amended

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following: Between November 13, 2024 and November 18, 2024 (inclusive), Castle Creek Capital Partners VII, LP (“Fund VII”) sold an aggregate of 163,777 shares of Common Stock for proceeds of $5,700,417.75, which represents an amount net of commissions and fees, in various open-market transactions. Item 5. Interest in Securities of the Issuer

(a) - (c) of the Schedule 13D

Item 5 (a) - (c) of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) and (b) Reporting Person Amount Beneficially Owned (3) Percent of Class (4) Sole Power to Vote or Direct the Vote Shared Power to Vote or Direct the Vote Sole Power to Dispose or to Direct the Disposition Shared Power to Dispose or Direct the Disposition Castle Creek Capital Partners VII, LP 0 0 % 0 0 0 0 Castle Creek Capital VII LLC 0 0 % 0 0 0 0 Castle Creek Capital Partners VIII, LP (2) 1,261,289 8.31 % 0 1,261,289 0 1,261,289 Castle Creek Capital Partners VIII Co-Investment Fund A, LP (2) 241,733 1.59 % 241,733 241,733 Castle Creek Capital VIII LLC (1) 1,503,022 9.9 % 0 1,503,022 0 1,503,022 (1) CCC VIII disclaims beneficial ownership of the Common Stock beneficially owned by Fund VIII and Fund VIII Co-Invest, except to the extent of its pecuniary interest therein. (2) Represents the number of shares of Common Stock issuable upon conversion of Series A Preferred Stock (based upon the Conversion Rate as of the date hereof as set forth in the Certificate of Designation, Preferences and Rights of the Series A Preferred Stock filed by the Company with the Secretary of State of the State of Texas on September 30, 2022 (the “Series A Certificate of Designation”)), subject to the limitations described in footnote (4) below. (3) Excludes 85,866 shares of Common Stock issuable upon conversion of 1,932 shares of Series A Preferred Stock (based upon the Conversion Rate as of the date hereof as set forth in the Series A Certificate of Designation) held by the Fund VIII Entities (due to the legal and contractual restrictions on the Fund VIII Entities’ Entities do not presently, and will not within the next 60 days, have the right to acquire Common Stock in respect of such Series A Preferred St

(c) of the Schedule 13D is hereby amended and supplemented

Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: Fund VII has engaged in the following open market, broker-assisted transactions with respect to the Common Stock during the last 60 days: (i) 50,000 shares of Common Stock sold on November 13, 2024 at a weighted average price of $35.15 per share (in multiple open market, broker-assisted transactions ranging from $34.90 to $35.31, inclusive); (ii) 38,618 shares of Common Stock sold on November 14, 2024 at a weighted average price of $34.69 per share (in multiple open market, broker-assisted transactions ranging from $34.29 to $35.06, inclusive); (iii) 43,344 shares of Common Stock sold on November 15, 2024 at a weighted average price of $34.66 per share (in multiple open market, broker-assisted transactions ranging from $34.10 to $35.22, inclusive); and (iv) 31,815 shares of Common Stock sold on November 18, 2024 at a weighted average price of $34.76 per share (in multiple open market, broker-assisted transactions ranging from $34.60 to $35.00, inclusive). 8

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 20, 2024 CASTLE CREEK CAPITAL PARTNERS VII, LP By: /s/ Tony Scavuzzo Name: Tony Scavuzzo Title: Managing Principal CASTLE CREEK CAPITAL VII LLC By: /s/ Tony Scavuzzo Name: Tony Scavuzzo Title: Managing Principal CASTLE CREEK CAPITAL PARTNERS VIII, LP By: /s/ Tony Scavuzzo Name: Tony Scavuzzo Title: Managing Principal CASTLE CREEK CAPITAL PARTNERS VIII CO-INVESTMENT FUND A, LP By: /s/ Tony Scavuzzo Name: Tony Scavuzzo Title: Managing Principal CASTLE CREEK CAPITAL VIII LLC By: /s/ Tony Scavuzzo Name: Tony Scavuzzo Title: Managing Principal 9

View Full Filing

View this SC 13D/A filing on SEC EDGAR