SCHEDULE 13G/A: Moreland Family Reduces Stake in Landmark Bancorp, Files Exit Disclosure
Beneficial Ownership Amendment
Jane Ann Moreland and Michal Charles Moreland have reduced their beneficial ownership in Landmark Bancorp Inc. to below 5%, triggering an exit filing with the SEC.
Summary
- Jane Ann Moreland and Michal Charles Moreland, as joint tenants, collectively known as the Reporting Persons, have filed an Amendment No. 1 to their Schedule 13G.
- This amendment serves as an 'exit filing,' indicating that the Reporting Persons have ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock of Landmark Bancorp Inc.
- As of May 2, 2025, the Reporting Persons beneficially own 195,441 shares of Landmark Bancorp Inc. Common Stock.
- This ownership represents 3.4% of the class, calculated based on the issuer's Form 10-K for the period ending December 31, 2024, which reported 5,782,259 shares outstanding.
- The Reporting Persons hold shared voting and shared dispositive power over all 195,441 shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing a change in beneficial ownership. It does not contain information that inherently indicates a positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This document is a regulatory disclosure of a change in beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing is a standard regulatory disclosure of a change in significant shareholder ownership, common across all publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics beyond the ownership structure of Landmark Bancorp Inc.
Stakeholder Impact
- Shareholders: The reduction of a significant individual stake may slightly increase the float of shares available for trading, potentially impacting liquidity. It also signifies that a previously large holder no longer holds a controlling interest above the 5% threshold.
Key Dates
| Date | Description |
|---|---|
| 2023-12-31 | End of period for issuer's Form 10-K, reporting 5,782,259 shares outstanding, used for percentage calculation. |
| 2024-02-13 | Original Schedule 13G filed by the Reporting Persons. |
| 2025-03-27 | Date of event which required the filing of this statement (Reporting Persons ceased to own more than 5%). |
| 2025-05-02 | Actual ownership numbers shown as of this date and signature date of the filing. |
Keywords
Landmark Bancorp Inc, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Moreland, Exit Filing
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