SCHEDULE: North Reef Capital Management Files Schedule 13G

North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III have filed an amended Schedule 13G, reporting 0% beneficial ownership of Stellar Bancorp, Inc. common stock as of March 31, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting for Stellar Bancorp, Inc. common stock.
• The reporting persons are North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III.
• As of March 31, 2026, the reporting persons collectively beneficially own 0 shares of Stellar Bancorp, Inc. common stock.
• This represents 0% of the class of securities.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as having a low sentiment score due to the complete absence of beneficial ownership reported, suggesting a lack of current investment or a significant reduction in holdings, which is generally not a positive indicator for investor confidence.

Negatives

• The reporting persons have zero beneficial ownership of Stellar Bancorp, Inc. common stock, indicating no significant investment or control position.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• The filing certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. A filing reporting 0% ownership, especially as an amendment, suggests a divestment or a correction of a previous filing, which is unusual and warrants further investigation into the company's shareholder base.

Stakeholder Impact

• Shareholders: The lack of reported ownership by North Reef Capital Management may indicate a reduced institutional presence or a shift in investment strategy, which could influence market perception.

Key Dates

Keywords

Schedule 13G, Stellar Bancorp, North Reef Capital Management, Beneficial Ownership, SEC Filing, Amendment