SCHEDULE: HoldCo Entities Update Central Pacific Financial Stake

HoldCo Asset Management and related entities have updated their beneficial ownership in Central Pacific Financial Corp, now holding up to 9.2% of common stock.

Summary

• This document is Amendment No. 3 to the Schedule 13D filing for Central Pacific Financial Corp.
• The reporting persons include HoldCo Asset Management, LP, HoldCo Opportunities Fund V, L.P., VM GP II LLC, VM GP X LLC, VM GP VII LLC, and individuals Michael Zaitzeff and Vikaran Ghei.
• Michael Zaitzeff and Vikaran Ghei each beneficially own 2,427,576 shares, representing 9.2% of the Issuer's common stock.
• HoldCo Opportunities Fund V, L.P., VM GP X LLC, VM GP II LLC, and HoldCo Asset Management, LP each beneficially own 2,359,980 shares, representing 8.9% of the Issuer's common stock.
• VM GP VII LLC beneficially owns 67,596 shares, representing 0.3% of the Issuer's common stock.
• The aggregate percentage of shares is based on 26,374,967 shares outstanding as of December 31, 2025.
• Shares held by VM GP VII LLC were acquired through an in-kind distribution of carried interest from a prior investment vehicle, with an approximate purchase price of $172,229.
• Shares purchased by HoldCo Opportunities Fund V, L.P. were acquired using working capital, potentially held in margin accounts, with an approximate aggregate purchase price of $67,720,474.
• No transactions in the Issuer's securities by the Reporting Persons occurred in the past 60 days.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an informational update on beneficial ownership percentages by an existing investor group. It does not contain new strategic initiatives or financial performance data.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the Issuer's future operations or financial performance, focusing solely on beneficial ownership updates.

Industry Context

StockSavvy.ai notes that Schedule 13D filings, and their amendments, are standard disclosures for significant ownership stakes in publicly traded companies, particularly when an investor group approaches or exceeds the 5% beneficial ownership threshold. This amendment reflects an updated position by HoldCo Asset Management and its affiliates in the financial services sector, a common occurrence as investment funds adjust their portfolios.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and potential future activist actions.

Key Dates

Recommendation

This Schedule 13D/A is an informational update on beneficial ownership by an existing investor group and does not contain new material information regarding the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The updated ownership percentages are a routine disclosure for significant shareholders.

Keywords

Central Pacific Financial Corp, CPFC, Schedule 13D/A, Beneficial Ownership, HoldCo Asset Management, Institutional Investor, Shareholder Stake, Investment Fund