SCHEDULE 13G/A: Randall J. Levitt Amends Significant Stake in Capital Bancorp, Discloses 6.1% Beneficial Ownership

Randall J. Levitt has filed an Amendment No. 7 to Schedule 13G, revealing a beneficial ownership of 6.1% of Capital Bancorp, Inc.'s common stock as of December 31, 2024.

Summary

• Randall J. Levitt beneficially owns an aggregate of 1,022,547 shares of Capital Bancorp, Inc. common stock.
• This ownership represents 6.1% of the company's outstanding common stock, based on 16,662,626 shares outstanding as of December 31, 2024.
• Mr. Levitt holds sole voting and dispositive power over 271,291 shares, which includes 4,626 shares underlying options exercisable within 60 days and 266,665 shares held by the Randall James Levitt Revocable Trust (RJRT).
• He shares voting and dispositive power over 751,256 shares, held through various entities including BTC Trust Company of South Dakota (FBO RSL Family Trust, Adam J. Tross 2012 B Trust, Brian Z. Tross 2012 B Trust), RJL Investment Company, LLC, Montrose Lending Group, LLC, and Maud Associates, LLC.
• The filing explicitly excludes 148,600 shares where Mr. Levitt disclaims beneficial ownership, except to the extent of his pecuniary interest, and 4,055 shares underlying options subject to vesting.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or prospects.

Positives

• The continued disclosure of a significant beneficial ownership stake (6.1%) by Randall J. Levitt, a prominent individual associated with the company, may signal ongoing confidence or strategic interest in Capital Bancorp, Inc.

Negatives

• The document, being a beneficial ownership disclosure, does not contain information regarding negative financial performance or operational setbacks for Capital Bancorp, Inc.

Risks

• The document does not explicitly detail specific risks to Capital Bancorp, Inc.'s operations or financial health. It is a disclosure of ownership structure.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of an individual's beneficial ownership stake in a publicly traded company within the financial services sector (Capital Bancorp, Inc. is a bank holding company). It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The filing details shares held through various trusts and entities associated with Randall J. Levitt and his family members, including the Randall James Levitt Revocable Trust, the RSL Family Trust, Adam J. Tross 2012 B Trust, Brian Z. Tross 2012 B Trust, RJL Investment Company, LLC, Montrose Lending Group, LLC, and Maud Associates, LLC. It also disclaims ownership in shares held by other family-related entities like Needle Leaf Associates, LLC, MAL Investment Company, LLC, Beth L. Tross Revocable Trust, MAL Revocable Trust, Beth L. Tross Legacy Trust, Nathan R. Tross IRA, Beth L. Tross IRA, and joint accounts/individual holdings of nephews.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stake held by Randall J. Levitt and the complex structure of his holdings, which can inform investment decisions.

Key Dates

Keywords

Capital Bancorp, Randall J. Levitt, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Financial Disclosure, Shareholder