SCHEDULE: Barry Mann Reports 6.1% Stake in Carver Bancorp

Barry Mann discloses a 6.1% ownership stake in Carver Bancorp, citing an undervalued stock price and plans to engage with management to enhance shareholder value.

Summary

• Barry Mann filed a Schedule 13D disclosing beneficial ownership of 324,104 shares of Carver Bancorp Inc. common stock.
• The shares represent approximately 6.1% of the outstanding shares as of August 15th.
• Mann acquired the shares through multiple open market transactions with personal funds, totaling an investment of $731,016.54, at an average price of $2.26 per share.
• Mann intends to engage with the Issuer's Board, Management team, shareholders, Industry Analysts, and other interested parties, in each case to support the strategic plan proposed by the Issuer's management team to improve the efficiency and financial condition of the Issuer and to increase shareholder value through organic growth.
• During the past 60 days as of October 15, 2025, Mann purchased 129,104 shares at an average price of $2.57 per share.

Sentiment

Score: 7

Explanation: The sentiment is positive due to the investor's belief in the company's undervaluation and plans to actively engage with management to improve shareholder value.

Positives

• Barry Mann believes the shares were undervalued and represented an attractive investment opportunity.
• Mann's intention to support the strategic plan proposed by the Issuer's management team to improve the efficiency and financial condition of the Issuer and to increase shareholder value through organic growth.

Future Outlook

Barry Mann intends to purchase additional shares and engage in conversations, meetings and other communications with certain members of the Issuer's Board, Management team, shareholders, Industry Analysts, and other interested parties, in each case to support the strategic plan proposed by the Issuer's management team to improve the efficiency and financial condition of the Issuer and to increase shareholder value through organic growth.

Management Comments

• Mann acquired beneficial ownership in the shares in the belief that the Shares were undervalued and represented an attractive investment opportunity.

Industry Context

The filing reflects an individual investor taking a significant stake in a publicly traded company, signaling potential confidence in the company's future prospects. This type of investment can sometimes lead to activist involvement or strategic changes within the company.

Comparison to Industry Standards

• It is difficult to compare this specific filing to industry standards without knowing the specific sector Carver Bancorp operates in.
• However, similar filings (Schedule 13D) are common when an investor acquires more than 5% of a company's shares, as mandated by the SEC.
• Comparable situations would involve activist investors like Carl Icahn or Bill Ackman taking stakes in companies and pushing for changes.

Stakeholder Impact

• Shareholders: Potential for increased shareholder value due to Mann's involvement and strategic support.
• Management: Opportunity to collaborate with a significant shareholder to improve company performance.
• Employees: Potential for positive impact if Mann's involvement leads to improved company performance and growth.

Next Steps

• Barry Mann intends to purchase additional shares.
• Barry Mann intends to engage in conversations, meetings and other communications with certain members of the Issuer's Board, Management team, shareholders, Industry Analysts, and other interested parties, in each case to support the strategic plan proposed by the Issuer's management team to improve the efficiency and financial condition of the Issuer and to increase shareholder value through organic growth.

Key Dates

Recommendation

The filing indicates a seasoned investor believes the company is undervalued and is taking an active role to improve its financial condition and increase shareholder value. This suggests a potential upside for the stock.

Keywords

Carver Bancorp, Barry Mann, Schedule 13D, Shareholder Value, Investment, Ownership Stake