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Patriot funds sell CoastalSouth Bancshares (COSO) shares near $27.8

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

CoastalSouth Bancshares, Inc. (COSO) is the subject of an amended Schedule 13G (Amendment No. 2) filed by a group of Patriot Financial entities and related individuals, updating their beneficial ownership of the company’s Voting Common Stock. The positions are calculated using 11,954,446 shares outstanding as of August 5, 2026. Reported holdings include, among others, Patriot Financial Partners II, L.P. with 506,038 shares (4.2% of the class), Patriot Financial Partners II Coastal SPV, LLC with 565,082 shares (4.7%), and Patriot Financial Partners Parallel II, L.P. with 59,044 shares (0.5%). Certain individuals associated with Patriot, including W. Kirk Wycoff, James J. Lynch, Ira M. Lubert, and James F. Deutsch, each report shared beneficial ownership of 572,982 shares (4.8% of the class). All reported holders now own 5 percent or less of CoastalSouth’s Voting Common Stock. The filing also discloses open-market sales on August 12–14, 2026 by Patriot Financial Partners II, L.P. and Patriot Financial Partners Parallel II, L.P. at prices between $27.81 and $27.88 per share.

Positive

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Negative

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Shares outstanding 11,954,446 shares Voting Common Stock outstanding as of August 5, 2026 used for ownership calculations
Patriot Financial Partners II, L.P. holdings 506,038 shares (4.2%) Beneficial ownership of COSO Voting Common Stock
Patriot Financial Partners II Coastal SPV, LLC holdings 565,082 shares (4.7%) Beneficial ownership of COSO Voting Common Stock
Parallel Fund holdings 59,044 shares (0.5%) Patriot Financial Partners Parallel II, L.P. beneficial ownership
Individual principals’ shared holdings 572,982 shares (4.8%) Shared beneficial ownership reported by Wycoff, Lynch, Lubert, and Deutsch
Additional Patriot Financial Manager holdings 7,900 shares (0.1%) Beneficial ownership by Patriot Financial Manager, L.P. and LLC
Sale price August 12, 2026 $27.86 per share Open-market sales by Patriot Fund and Patriot Parallel Fund
Sale price August 14, 2026 $27.81 per share Open-market sales by Patriot Fund and Patriot Parallel Fund
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting power financial
"6 | Shared Voting Power 506,038.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"8 | Shared Dispositive Power 506,038.00"
Schedule 13G regulatory
"filed as Exhibit 1 to the Schedule13G filed with SEC"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
CUSIP No. financial
"(e) | CUSIP No.: 19058X207"
open market financial
"for $27.86 per share on the open market"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

FAQ

What does this Schedule 13G/A filing mean for CoastalSouth Bancshares, Inc. (COSO)?

The filing updates beneficial ownership in COSO’s Voting Common Stock by Patriot Financial-affiliated entities and individuals. Each now reports ownership of 5 percent or less of the class, reflecting recent open-market sales disclosed in the document.

How many CoastalSouth (COSO) shares does Patriot Financial Partners II, L.P. now report owning?

Patriot Financial Partners II, L.P. reports 506,038 COSO Voting Common Stock shares, representing 4.2% of the class. This percentage is based on 11,954,446 shares outstanding as of August 5, 2026, as reported in CoastalSouth’s Form 10-Q.

What percentage of CoastalSouth (COSO) does Patriot Financial Partners II Coastal SPV, LLC hold?

Patriot Financial Partners II Coastal SPV, LLC reports beneficial ownership of 565,082 COSO shares, equal to 4.7% of the Voting Common Stock. This ownership percentage is calculated using 11,954,446 shares outstanding as of August 5, 2026.

What trading activity in COSO stock is disclosed for August 12–14, 2026?

The filing reports that Patriot Financial Partners II, L.P. and its parallel fund sold COSO shares on the open market on August 12–14, 2026 at prices between $27.81 and $27.88 per share, detailing share amounts sold each day by each fund.

What is the reported ownership stake of key Patriot principals in CoastalSouth (COSO)?

Individuals W. Kirk Wycoff, James J. Lynch, Ira M. Lubert, and James F. Deutsch each report shared beneficial ownership of 572,982 COSO shares, or 4.8% of the Voting Common Stock, based on the outstanding share count disclosed by CoastalSouth.

What share count did CoastalSouth (COSO) report as outstanding for these ownership calculations?

Ownership percentages are calculated using 11,954,446 Voting Common Stock shares outstanding as of August 5, 2026, as reported by CoastalSouth in its Quarterly Report on Form 10-Q for the three months ended June 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





19058X207

(CUSIP Number)
08/14/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: This calculation is based on 11,954,446 shares of Voting Common Stock of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026 filed on August 7, 2026.


SCHEDULE 13G



Patriot Financial Partners II, L.P.
Signature:/s/ W. Kirk Wycoff
Name/Title:Member of Patriot Financial Partners GP II, LLC, the general partner of Patriot Financial Partners GP II, L.P., the general partner
Date:08/18/2026
Patriot Financial Partners II Coastal SPV, LLC
Signature:/s/ W. Kirk Wycoff
Name/Title:Member of Patriot Financial Partners GP II, LLC, the general partner of Patriot Financial Partners GP II, L.P., the general partner
Date:08/18/2026
Patriot Financial Partners Parallel II, L.P.
Signature:/s/ W. Kirk Wycoff
Name/Title:Member of Patriot Financial Partners GP II, LLC, the general partner of Patriot Financial Partners GP II, L.P., the general partner
Date:08/18/2026
Patriot Financial Partners GP II, L.P.
Signature:/s/ W. Kirk Wycoff
Name/Title:Member of Patriot Financial Partners GP II, LLC., the general partner of Patriot Financial Partners GP II, L.P.
Date:08/18/2026
Patriot Financial Partners GP II, LLC
Signature:/s/ W. Kirk Wycoff
Name/Title:Member
Date:08/18/2026
WYCOFF W KIRK
Signature:/s/ W. Kirk Wycoff
Name/Title:W. Kirk Wycoff
Date:08/18/2026
LYNCH JAMES J
Signature:/s/ James J. Lynch
Name/Title:James J. Lynch
Date:08/18/2026
LUBERT IRA M
Signature:/s/ Ira M. Lubert
Name/Title:Ira M. Lubert
Date:08/18/2026
Deutsch James F.
Signature:/s/ James F. Deutsch
Name/Title:James F. Deutsch
Date:08/18/2026
Patriot Financial Manager, L.P.
Signature:/s/ W. Kirk Wycoff
Name/Title:Member of Patriot Financial Manager, LLC, the general partner of Patriot Financial Manager, L.P.
Date:08/18/2026
Patriot Financial Manager, LLC
Signature:/s/ W. Kirk Wycoff
Name/Title:Member
Date:08/18/2026
Exhibit Information

Joint Filing Agreement The joint filing agreement dated as of September 16, 2025 by and among Patriot Financial Partners II, L.P., Patriot Financial Partners II Coastal SPV, LLC, Patriot Financial Partners Parallel II, L.P., Patriot Financial Partners GP II, L.P., Patriot Financial Partners GP II, LLC, Patriot Financial Manager, L.P., Patriot Financial Manager, LLC, W. Kirk Wycoff, James J. Lynch, Ira M. Lubert and James F. Deutsch was previously filed as Exhibit 1 to the Schedule13G filed with SEC on September 17, 2025. https://www.sec.gov/Archives/edgar/data/1297107/000110465925090674/tm2526320d1_ex99-1.htm