SCHEDULE 13G/A: M3 Funds and Affiliates Update Passive Stake in Central Plains Bancshares

M3 Funds, LLC, M3 Partners, LP, M3F, Inc., and individuals Jason A. Stock and William C. Waller have filed an amended Schedule 13G, disclosing their passive beneficial ownership in Central Plains Bancshares, Inc.'s common stock as of March 31, 2025.

Summary

• M3 Funds, LLC, M3 Partners, LP, and M3F, Inc. each beneficially own 42,816 shares of Central Plains Bancshares, Inc. common stock, representing 1.01% of the class.
• Jason A. Stock beneficially owns an aggregate of 58,816 shares, which includes 16,000 shares with sole voting and dispositive power, and 42,816 shares with shared voting and dispositive power, totaling 1.39% of the class.
• William C. Waller beneficially owns an aggregate of 77,816 shares, which includes 35,000 shares with sole voting and dispositive power, and 42,816 shares with shared voting and dispositive power, totaling 1.83% of the class.
• The 42,816 shared shares are directly owned by M3 Partners, L.P., with M3 Funds, LLC as its general partner and M3F, Inc. as its investment adviser.
• Jason A. Stock and William C. Waller are managers of M3 Funds, LLC and managing directors of M3F, Inc., and are deemed to share beneficial ownership of the M3 entities' holdings.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported passive investment.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without positive or negative implications for the company's performance or strategy.

Positives

• The continued beneficial ownership by investment entities and individuals may signal a degree of confidence in Central Plains Bancshares, Inc. as a passive investment.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, indicating a passive investment strategy.

Future Outlook

NA

Industry Context

This filing reflects a common practice in the financial industry where investment funds and their principals acquire passive stakes in publicly traded companies, often for portfolio diversification or long-term investment, without intending to influence corporate control. Central Plains Bancshares, Inc. operates in the banking sector, and such filings provide transparency regarding significant, albeit passive, ownership interests.

Related Party Transactions

• M3 Partners, L.P. directly owns the shared shares, with M3 Funds, LLC as its general partner and M3F, Inc. as its investment adviser. Jason A. Stock and William C. Waller are managers/managing directors of these entities and are deemed to share beneficial ownership through this structure.

Stakeholder Impact

• Shareholders gain transparency regarding the beneficial ownership structure of a portion of the company's common stock by M3 Funds and related individuals.

Key Dates

Keywords

Central Plains Bancshares, M3 Funds, M3 Partners, M3F Inc., Jason A. Stock, William C. Waller, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Passive Stake