Fourthstone Reports 9.18% Stake in CoastalSouth
CoastalSouth Bancshares, Inc. ownership update: Fourthstone LLC and related entities report beneficial ownership of common stock, including 1,100,504 shares (9.18%) held by Fourthstone LLC based on 11,985,414 shares outstanding as of March 5, 2026.
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Rhea-AI Filing Summary
CoastalSouth Bancshares, Inc. ownership update: Fourthstone LLC and related entities report beneficial ownership of common stock, including 1,100,504 shares (9.18%) held by Fourthstone LLC based on 11,985,414 shares outstanding as of March 5, 2026.
The amendment attributes additional holdings to affiliated funds and entities: Fourthstone Master Opportunity Fund Ltd: 849,889 shares (7.09%), Fourthstone GP LLC: 250,615 shares (2.09%), and other affiliated vehicles. The filing states these shares were acquired in the ordinary course as an investment adviser and are not held to influence control.
Insights
Holds concentrated passive stake just under single‑digit control thresholds.
The filing shows Fourthstone LLC beneficially holds 1,100,504 shares (9.18%) of common stock, using the issuer's outstanding share base of 11,985,414 as of March 5, 2026. The position is reported across related entities and individuals with shared voting and dispositive power.
These holdings are described as acquired in the ordinary course by an investment adviser and are stated not to be for influence of control; cash‑flow treatment and any planned dispositions are not included in the excerpt.
Disclosure clarifies attribution and voting/dispositive arrangements among affiliates.
The amendment details shared voting and dispositive power for multiple Fourthstone entities and names L. Phillip Stone, IV and Fourthstone GP LLC as related reporting persons. Percentages are calculated from the issuer's Form 10‑K share count.
Because the filing expressly states the holdings are not intended to change control, governance impact depends on future transactions or additional disclosures in subsequent filings.
Key Figures
Key Terms
Schedule 13G/A regulatory
Beneficially owned financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Fourthstone report in CoastalSouth (COSO)?
Which affiliated Fourthstone entities are listed in the COSO filing?
Does the filing say Fourthstone intends to influence control of COSO?
AI-generated analysis. How Rhea-AI works. Not financial advice.