CIVB Amendment: SVP/CLO Katitus Files Corrected Form 3
Rhea-AI Filing Summary
Civista Bancshares insider Robert L. Katitus reported initial beneficial ownership in common stock tied to his role as SVP/CLO. The Form 3 records 2,273, 4,550 and 622 shares held directly and shows the triggering event date of 08/18/2025. An amendment (Form 3/A) filed 08/27/2025 states the original filing omitted CIVB shares and was corrected. The amendment is signed by Lori A. Castillo by power of attorney.
Positive
- Amendment filed to correct the original Form 3 omission, restoring accurate public disclosure
- Direct ownership positions are reported explicitly (2,273; 4,550; 622 shares)
Negative
- Initial Form 3 omitted CIVB shares, requiring a corrective Form 3/A
- No derivative securities reported, so there is limited detail on potential incentive arrangements
Insights
TL;DR: Administrative disclosure amendment corrects an initial omission of insider holdings; no new transactions disclosed.
The filing documents an initial insider report for Robert L. Katitus as SVP/CLO showing direct ownership in three common-stock entries totaling 7,445 shares when summed. The amendment notes the original Form 3 omitted CIVB shares and was corrected via Form 3/A. This is a routine remedial disclosure to align public records with actual holdings; it does not report derivative positions or transfers.
TL;DR: Correction improves transparency but highlights an initial reporting oversight requiring remedial amendment.
The report clarifies beneficial ownership and the reporting person’s relationship to the issuer (Director and SVP/CLO). The presence of a corrective Form 3/A indicates internal or filing-process error rather than a material corporate action. Signature by an attorney-in-fact is noted, which is common in Section 16 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
Footnotes (1)
- F1. Filed a Form 3 for a new Insider and neglected to add CIVB shares to the form. Filed a Form 3A to correct.
AI-generated analysis. How Rhea-AI works. Not financial advice.