SCHEDULE: Spence Limited Reports Zero Ownership in First Seacoast Bancorp

Spence Limited, LP has filed an amendment to its Schedule 13G, reporting zero shares beneficially owned in First Seacoast Bancorp, Inc.

Summary

• Spence Limited, LP has filed an amendment (Amendment No. 1) to its Schedule 13G filing.
• The filing pertains to First Seacoast Bancorp, Inc. (Issuer).
• The date of the event requiring this filing is June 30, 2026.
• Spence Limited, LP reports having 0.00 shares beneficially owned.
• This represents 0.00% of the class of securities.
• The entity has no sole or shared voting power or sole or shared dispositive power over any shares.
• The filing indicates that the person filing is not a broker, dealer, bank, insurance company, investment company, investment adviser, employee benefit plan, endowment fund, parent holding company, control person, savings association, church plan, or non-U.S. institution.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a very low score due to the filing indicating zero beneficial ownership, suggesting a complete divestment or lack of prior holdings, which is a neutral to negative signal for active investment.

Positives

• The filing is up-to-date as of June 30, 2026.
• Spence Limited, LP has provided a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control.

Negatives

• Spence Limited, LP reports zero beneficial ownership of First Seacoast Bancorp, Inc. common stock.
• This indicates a complete lack of investment or a divestment from the company by Spence Limited, LP.

Risks

• The filing does not explicitly mention any risks.
• However, the complete lack of beneficial ownership by a previously filing entity could imply a negative outlook or strategic shift away from the company.

Future Outlook

The filing itself does not contain forward-looking statements or guidance regarding future performance. The primary information is a report on current ownership status.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. A filing indicating zero ownership, especially as an amendment, suggests a significant change in the investor's position, potentially signaling a lack of confidence or a strategic reallocation of capital away from First Seacoast Bancorp.

Comparison to Industry Standards

• This filing is a specific disclosure requirement under the Securities Exchange Act of 1934 for significant shareholders. Standard practice for investors exceeding the 5% threshold is to file either a Schedule 13D or 13G. The zero ownership reported here deviates from the expectation of a significant holding, making direct comparison to industry benchmarks for performance difficult. It represents a departure from typical investor activity that would be benchmarked.

Stakeholder Impact

• Shareholders may view the complete divestment by Spence Limited, LP as a negative signal, potentially impacting market perception and share price.

Next Steps

• Monitor future filings by Spence Limited, LP and First Seacoast Bancorp, Inc. for any changes in ownership or corporate actions.

Key Dates

Recommendation

The filing indicates zero beneficial ownership by Spence Limited, LP, suggesting a complete exit or lack of prior investment. This is a neutral event in itself, as it doesn't provide new information about the company's performance or future prospects, but rather about an investor's past or current lack of stake. Therefore, a 'hold' recommendation is appropriate pending further information.

Keywords

Schedule 13G, Beneficial Ownership, First Seacoast Bancorp, Spence Limited, Amendment, Securities Exchange Act