SCHEDULE 13G/A: FirstSun Capital Bancorp: Key Trusts Update Beneficial Ownership to 7.08%

An amendment to a Schedule 13G filing reveals that trusts associated with Karen Hale Young collectively hold 7.08% of FirstSun Capital Bancorp's Class A Common Stock.

Summary

• The filing is an Amendment No. 1 to a Schedule 13G for FirstSun Capital Bancorp's Class A Common Stock.
• The reporting persons are four trusts: Karen Hale Young Family Irrevocable Trust U/A/D 5/25/2011, Joyce V Hale GRAT FBO Karen H Young Family, JVH Orion Trust for the Karen Hale Young Family U/A/D 7/8/2011, and Karen Hale Young Trust U/A/D 2/23/1996.
• As of the filing date, the Reporting Persons beneficially owned an aggregate of 1,970,100 shares of FirstSun Capital Bancorp's Common Stock.
• This aggregate ownership represents 7.08% of the Issuer's Common Stock outstanding, calculated based on 27,833,378 shares outstanding as of May 9, 2025.
• The amendment specifically includes 100 shares owned by the Karen Hale Young Trust U/A/D 2/23/1996, for which SEC codes were recently obtained.
• Karen Hale Young serves as the trustee for all four reporting trusts and may be deemed to have sole voting and dispositive power over the shares held by each trust, and shared power over the aggregate shares.
• The beneficial ownership breakdown is: Karen Hale Young Family Irrevocable Trust (1,816,000 shares or 6.52%), Joyce V Hale GRAT FBO Karen H Young Family (85,000 shares or 0.31%), JVH Orion Trust (69,000 shares or 0.25%), and Karen Hale Young Trust (100 shares or 0.00%).
• Other than the inclusion of the 100 shares from the KHY Trust, the aggregate shares beneficially owned by the Reporting Persons have not changed since the initial Schedule 13G filed on November 14, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. It does not contain information that would significantly alter the perceived value or risk of the company, beyond confirming the continued significant stake of a key family group.

Positives

• The filing provides increased transparency regarding the beneficial ownership structure of a significant shareholder group.
• The maintenance of a substantial stake (7.08%) by the Karen Hale Young-affiliated trusts could be interpreted as continued confidence in FirstSun Capital Bancorp.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Karen Hale Young serves as the trustee of each of the KHY Family Trust, the KVH GRAT, the JVH Orion Trust, and the KHY Trust, and as such, she may be deemed to have voting, investment, and dispositive power with respect to the securities described in this Schedule 13G.

Industry Context

This filing is a routine disclosure of beneficial ownership, common in the financial industry for publicly traded companies, and does not provide specific insights into broader industry trends or competitive landscape beyond the ownership structure of FirstSun Capital Bancorp.

Related Party Transactions

• The reporting persons are trusts for which Karen Hale Young serves as trustee, indicating a related party relationship in terms of beneficial ownership and control.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership of a significant block of shares, confirming the continued stake of the Karen Hale Young family trusts.

Key Dates

Keywords

FirstSun Capital Bancorp, Schedule 13G, Beneficial Ownership, SEC Filing, Class A Common Stock, Karen Hale Young, Trusts, Shareholding, Investment Disclosure