SCHEDULE: Northpointe Bancshares: Gainey Family Ownership Update
Beneficial Ownership Amendment
An amendment to Schedule 13G reveals changes in beneficial ownership and trustee appointments for Northpointe Bancshares, Inc. common stock.
Summary
- Annie Gainey beneficially owns 2,545,762 shares of Northpointe Bancshares, Inc. common stock, representing 7.4% of the class.
- Harvey N. Gainey III and Angela Jordan were appointed as new co-trustees for certain trusts holding Northpointe Bancshares shares on May 12, 2025.
- Carl Oosterhouse was removed as trustee of these trusts on the same date.
- Harvey N. Gainey III and Angela Jordan each beneficially own 1,540,080 shares, representing 4.5% of the class, primarily through shared voting power as co-trustees.
- This filing is Amendment No. 1 to the Schedule 13G previously filed by Annie Gainey and Carl Oosterhouse on May 14, 2025.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of beneficial ownership changes due to a trustee appointment, not indicative of positive or negative company performance or strategic shifts.
Positives
- Increased transparency regarding the beneficial ownership structure of Northpointe Bancshares, Inc.
- Clarification of voting and dispositive powers among the Gainey family members and new trustees.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Trustee | Carl Oosterhouse | Harvey N. Gainey III | 05/12/2025 | Removal of previous trustee and appointment as new co-trustee for certain trusts holding company shares. |
| Trustee | N/A | Angela Jordan | 05/12/2025 | Appointment as new co-trustee for certain trusts holding company shares. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trustee Appointment | Harvey N. Gainey III and Angela Jordan appointed as co-trustees for trusts holding Northpointe Bancshares, Inc. common stock, replacing Carl Oosterhouse. | 05/12/2025 | Clarifies the individuals with voting and dispositive power over a significant block of shares, enhancing transparency in the ownership structure. |
Stakeholder Impact
- Shareholders: Provides updated information on significant beneficial ownership, clarifying who holds voting and dispositive power over a notable percentage of shares.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Carl Oosterhouse removed as trustee; Harvey N. Gainey III and Angela Jordan appointed as co-trustees of certain trusts. |
| 05/14/2025 | Original Schedule 13G filed by Annie Gainey and Carl Oosterhouse. |
| 10/13/2025 | Date of signing for Amendment No. 1 to Schedule 13G and Joint Filing Agreement. |
Keywords
Northpointe Bancshares Inc., Common Stock, Schedule 13G, Beneficial Ownership, Annie Gainey, Harvey N. Gainey III, Angela Jordan, Trustee Change, Corporate Governance
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