Vineyard Capital discloses 7% Carriage Services (NYSE: CSV) stake

Rhea-AI Filing Summary

Carriage Services Inc. received a new Schedule 13G showing a sizable passive shareholder position. Vineyard Capital Partners, L.L.C., a Florida entity, reports beneficial ownership of 1,100,000 shares of Carriage Services common stock, representing 7.1% of the outstanding class as of December 31, 2025.

Manager Jeffrey K. Boutwell may direct the voting and disposition of the 1,100,000 shares held by Vineyard Capital and also owns 21,000 shares personally. The filing states that Boutwell’s beneficial ownership represents 7.3% of the class in total and certifies the holdings are not for the purpose of changing or influencing control of the company.

Insights

Equity ownership and governance analyst

Passive holder reports a 7%+ stake in Carriage Services common stock.

Vineyard Capital Partners, L.L.C. discloses beneficial ownership of 1,100,000 Carriage Services shares, or 7.1% of the class as of December 31, 2025. Manager Jeffrey K. Boutwell can direct voting and disposition of these shares and personally owns an additional 21,000 shares.

The Schedule 13G certification indicates the position is held on a passive basis, stating the securities were not acquired and are not held to change or influence control. Actual impact depends on how this sizable shareholder chooses to vote and whether future filings show changes in ownership or filing status.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CARRIAGE SERVICES INC

(Name of Issuer)

Carriage Services Inc Common Stock par value $0.01 per share

(Title of Class of Securities)

143905107

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 143905107

1

Names of Reporting Persons

VINEYARD CAPITAL PARTNERS, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,100,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,100,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,100,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CARRIAGE SERVICES INC
(b)	Address of issuer's principal executive offices: 3040 POST OAK BOULEVARD, SUITE 300, HOUSTON, TEXAS, 77056.
Item 2.
(a)	Name of person filing: Jeffrey K Boutwell
(b)	Address or principal business office or, if none, residence: 3320 Thomasville Road, Suite 200 Tallahassee, FL 32308
(c)	Citizenship: USA
(d)	Title of class of securities: Carriage Services Inc Common Stock par value $0.01 per share
(e)	CUSIP No.: 143905107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Vineyard Capital owns 1,100,000 shares of Common Stock. As managing member, Jeff Boutwell may direct the vote and disposition of the shares of Common Stock held by the Vineyard Capital. Jeff Boutwell owns 21,000 shares of Common Stock personally.
(b)	Percent of class: 7.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Jeff Boutwell owns 21,000 shares of Common Stock personally.
	(ii) Shared power to vote or to direct the vote: Vineyard Capital owns 1,100,000 shares of Common Stock. As managing member, Jeff Boutwell may direct the vote and disposition of the shares of Common Stock held by the Vineyard Capital.
	(iii) Sole power to dispose or to direct the disposition of: Jeff Boutwell owns 21,000 shares of Common Stock personally.
	(iv) Shared power to dispose or to direct the disposition of: Vineyard Capital owns 1,100,000 shares of Common Stock. As managing member, Jeff Boutwell may direct the vote and disposition of the shares of Common Stock held by the Vineyard Capital.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

VINEYARD CAPITAL PARTNERS, L.L.C.

Signature:	Jeffrey K Boutwell
Name/Title:	Manager
Date:	02/12/2026

FAQ

What stake does Vineyard Capital Partners report in Carriage Services (CSV)?

Vineyard Capital Partners, L.L.C. reports beneficial ownership of 1,100,000 shares of Carriage Services common stock, representing 7.1% of the outstanding class as of December 31, 2025. This makes Vineyard Capital a significant passive shareholder under U.S. securities disclosure rules.

Who is Jeffrey K. Boutwell in relation to Carriage Services (CSV)?

Jeffrey K. Boutwell is the managing member of Vineyard Capital Partners, L.L.C. and may direct the voting and disposition of 1,100,000 shares held by Vineyard Capital. He also personally owns 21,000 shares of Carriage Services common stock, contributing to a 7.3% reported beneficial stake.

Is the Vineyard Capital stake in Carriage Services (CSV) considered passive or activist?

The Schedule 13G filing characterizes Vineyard Capital’s position as passive. The certification states the securities were not acquired and are not held to change or influence control of Carriage Services and are not part of any transaction designed for that purpose.

What does the 7.3% figure reported by Jeffrey K. Boutwell represent for CSV?

The filing states a 7.3% beneficial ownership for Jeffrey K. Boutwell. This percentage reflects his ability to direct voting and disposition of 1,100,000 shares held by Vineyard Capital plus 21,000 Carriage Services shares he owns personally, giving him significant influence as a single reporting person.

What class of Carriage Services (CSV) securities is covered in this Schedule 13G?

The Schedule 13G covers Carriage Services Inc. Common Stock, par value $0.01 per share, identified by CUSIP 143905107. All reported ownership percentages and share amounts in the filing relate specifically to this class of common equity securities.

What key date applies to Vineyard Capital’s Carriage Services (CSV) ownership disclosure?

The relevant event date for this Schedule 13G is December 31, 2025. As of that date, Vineyard Capital Partners reported holding 1,100,000 shares, or 7.1% of Carriage Services common stock, triggering the beneficial ownership reporting requirement under SEC rules.