Form 4: Chain Bridge Bancorp Inc: Director Martin S. Friedman Reports Over 10% Ownership

Martin S. Friedman, a director of Chain Bridge Bancorp Inc, reports beneficial ownership exceeding 10% due to his role in FJ Capital Management LLC and Financial Opportunity Fund LLC.

Summary

• Martin S. Friedman, a director of Chain Bridge Bancorp Inc (CBNA), filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates that Friedman's beneficial ownership exceeded the 10% threshold on February 20, 2025, triggering Section 16 reporting requirements.
• Friedman, as the managing member of FJ Capital Management LLC, which manages Financial Opportunity Fund LLC (FOF), indirectly owns 338,236 shares of Class A common stock.
• Recent transactions include the purchase of 1,088 shares on February 21, 2025, 16,194 shares on February 24, 2025, and 8,514 shares on February 25, 2025, at prices ranging from $24.13 to $24.49.
• Friedman disclaims beneficial ownership of the shares, stating the report should not be considered an admission of ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a regulatory filing, so the sentiment is neutral. It simply reports transactions and ownership.

Management Comments

• The Reporting Person disclaims beneficial ownership of the Shares reported herein and this report shall not be deemed an admission of beneficial ownership of such Shares by the Reporting Person for purposes of Section 16 or for any other purpose.

Industry Context

This filing is standard for individuals with significant ownership in publicly traded companies, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders are informed of a director's increasing ownership stake in the company.
• This information contributes to transparency and allows stakeholders to assess the alignment of interests between management and shareholders.

Key Dates