SCHEDULE 13G/A: Lightyear Entities Amend Passive Stake in FirstSun Capital Bancorp, Disclosing 5.3% Beneficial Ownership
Beneficial Ownership Amendment
Lightyear Fund III, L.P. and affiliated entities, including Mark F. Vassallo, have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 5.3% of FirstSun Capital Bancorp's common stock as of December 31, 2024.
Summary
- The filing is an amendment (Schedule 13G/A) to a previous Schedule 13G, detailing the beneficial ownership of FirstSun Capital Bancorp's common stock by a group of Lightyear entities and an individual.
- The reporting group includes Lightyear Fund III, L.P., Lightyear Co-Invest Partnership III, L.P., Lightyear Fund III GP, L.P., Lightyear Fund III GP Holdings, LLC, LY Holdings, LLC, Lightyear Capital III, LLC, Lightyear Capital LLC, Lightyear Capital Management LP, Lightyear Capital GP LLC, and Mr. Mark F. Vassallo.
- As of December 31, 2024, the aggregate beneficial ownership reported by Mark F. Vassallo, who is deemed to have voting and dispositive power over the group's holdings, is 1,480,852 shares.
- This represents 5.3% of FirstSun Capital Bancorp's common stock, based on a total of 27,703,605 shares outstanding as of November 7, 2024.
- The total shares outstanding used for calculation include 27,666,854 shares reported in the Issuer's Form 10-Q for the quarter ended September 30, 2024, and 36,751 shares underlying currently exercisable options held by Lightyear Capital III, LLC.
- Various Lightyear entities disclaim beneficial ownership of shares held by other entities within the group, despite being deemed to have voting and/or dispositive power due to their organizational structure.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership, with no positive or negative implications for the issuer's performance or outlook.
Future Outlook
The document is an ownership disclosure and does not contain any forward-looking statements or guidance regarding FirstSun Capital Bancorp's future performance or strategy.
Industry Context
This filing indicates a continued significant passive investment by Lightyear, a private equity firm specializing in financial services, in FirstSun Capital Bancorp, a financial institution. This aligns with Lightyear's stated investment focus within the financial sector.
Stakeholder Impact
- The filing indicates a significant passive ownership stake by a group of investment entities, which could imply a degree of oversight or influence from these investors, primarily impacting shareholders.
Key Dates
| Date | Description |
|---|---|
| 2015-07-15 | Date of Limited Power of Attorney appointing Ellan Ben-Hayon and Lori Forlano as Attorney-in-Fact for Mark F. Vassallo. |
| 2024-09-30 | End of quarterly period for which FirstSun Capital Bancorp's Form 10-Q was filed, reporting 27,666,854 shares outstanding. |
| 2024-11-07 | Date as of which the total shares of common stock outstanding (27,703,605) were calculated for the percentage ownership. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G/A statement. |
| 2025-02-13 | Date of execution of the Joint Filing Agreement and the signing date for the Schedule 13G/A. |
Keywords
FirstSun Capital Bancorp, Lightyear Fund III, Lightyear Capital, Schedule 13G/A, Beneficial Ownership, Common Stock, SEC Filing, Investment, Financial Services, Passive Investor
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