SCHEDULE 13G/A: Simeon Thibeaux Discloses 12.4% Stake in Red River Bancshares, Inc. via Trusts and Partnership

Simeon A. Thibeaux has filed an amended Schedule 13G, disclosing a beneficial ownership of 12.4% of Red River Bancshares, Inc.'s common stock, totaling 828,557 shares, held through various trusts and a limited partnership.

Summary

• Simeon A. Thibeaux, a resident of Louisiana, has filed an Amendment No. 5 to Schedule 13G regarding his beneficial ownership in Red River Bancshares, Inc.
• As of May 22, 2025, Mr. Thibeaux beneficially owns an aggregate of 828,557 shares of Red River Bancshares, Inc. common stock.
• This ownership represents 12.4% of the company's outstanding common stock.
• Mr. Thibeaux holds sole voting and dispositive power over 526,146 shares, which are held by the John Charles Simpson Jr. Trust (266,407 shares) and the Angela Katherine Simpson Trust (259,739 shares), for which he serves as the sole trustee.
• He holds shared voting and dispositive power over 302,411 shares, which are held by S3 Dynamics, L.P.
• Mr. Thibeaux is one of three managers of S3 Management, L.L.C., the sole general partner of S3 Dynamics, L.P., and is also a trustee or investment advisor for trusts owning approximately 95% of S3 Dynamics, L.P.'s limited partnership interests.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment. The certification explicitly states the shares are not held for control purposes, which maintains a neutral stance.

Risks

• Concentrated ownership by a single individual, Simeon A. Thibeaux, who holds a significant 12.4% stake, could potentially influence corporate decisions, even if the filing states the shares are not held for the purpose of changing or influencing control.
• The complex ownership structure involving multiple trusts (John Charles Simpson Jr. Trust, Angela Katherine Simpson Trust) and a limited partnership (S3 Dynamics, L.P.) with various levels of control (sole vs. shared voting/dispositive power) could introduce complexity in understanding ultimate control or influence.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant ownership stake in a financial institution, Red River Bancshares, Inc. Such disclosures are common in the banking sector, where individual and institutional investors often hold substantial positions. The filing itself does not provide broader industry trends but highlights a notable concentration of ownership by an individual.

Related Party Transactions

• Simeon A. Thibeaux's beneficial ownership includes shares held by the John Charles Simpson Jr. Trust and the Angela Katherine Simpson Trust, for which he is the sole trustee, indicating a direct control relationship.
• Shares are also held by S3 Dynamics, L.P., where Mr. Thibeaux is one of three managers of the general partner (S3 Management, L.L.C.) and is a trustee or investment advisor for trusts owning approximately 95% of the limited partnership interests, indicating a significant indirect influence.

Stakeholder Impact

• Shareholders: The disclosure of a significant 12.4% stake by a single individual, even without intent to control, could be viewed as a sign of confidence or, conversely, raise questions about potential influence on corporate direction. It provides transparency regarding a major shareholder's position.

Key Dates

Keywords

Red River Bancshares, Simeon A. Thibeaux, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Stake, Trusts, Limited Partnership, Corporate Governance