KS Bancorp (KSBI) completes $3M Rule 506(b) private debt sale

Rhea-AI Filing Summary

KS Bancorp Inc., a North Carolina corporation engaged in commercial banking, filed a Form D notice for an exempt private offering of debt securities relying on Rule 506(b) of Regulation D. The issuer reports a total amount sold of $3,000,000 with $0 remaining to be sold. The first sale in this offering occurred on June 15, 2026. The company indicates that no finders' fees were paid in connection with the offering. KS Bancorp is organized in North Carolina and has been incorporated for over five years, with its principal office in Smithfield, North Carolina.

Key Figures

Total amount sold: $3,000,000 USD Total remaining to be sold: $0 USD Finders' fees: $0 USD +1 more

4 metrics

Total amount sold $3,000,000 USD Debt securities in exempt offering under Rule 506(b)

Total remaining to be sold $0 USD Balance of the $3,000,000 private debt offering

Finders' fees $0 USD Fees reported for placing securities in the offering

Date of first sale 2026-06-15 Initial investor purchase date in the Rule 506(b) offering

Key Terms

Form D, Rule 506(b), Regulation D, covered securities, +1 more

5 terms

Form D regulatory

"FORM D Notice of Exempt Offering of Securities"

Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.

Rule 506(b) regulatory

"Rule 506(b) is selected as the federal exemption claimed"

Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.

Regulation D regulatory

"Certifying that, if the issuer is claiming a Regulation D exemption"

Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.

covered securities regulatory

"if the securities that are the subject of this Form D are "covered securities""

National Securities Markets Improvement Act of 1996 regulatory

"Section 102(a) of the National Securities Markets Improvement Act of 1996"

A federal law that harmonizes and simplifies securities regulation by reducing conflicting state rules and giving the U.S. Securities and Exchange Commission primary authority over many aspects of securities offerings and investment adviser registration. Think of it as replacing a patchwork of local traffic laws with one consistent highway code — it lowers compliance costs and makes transactions more predictable, while investors should watch how it balances streamlined markets against the level of state-level protections.

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Available on EDGAR 07/15/2026 - 11:18 AM Accepted by SEC EDGAR 07/08/2026 - 04:48 PM Learn about SEC filing dates

FAQ

What type of securities is KS Bancorp Inc. (KSBI) offering in this Form D filing?

KS Bancorp Inc. is offering debt securities in a private exempt offering. The company relies on Rule 506(b) of Regulation D, which allows sales to accredited investors without SEC registration, subject to specific offering and disclosure conditions.

How much has KS Bancorp Inc. (KSBI) sold in its exempt offering?

KS Bancorp Inc. reports a total amount sold of $3,000,000 in this private debt offering. The filing also shows $0 remaining to be sold, indicating the full targeted amount has been placed with investors.

When did the first sale occur in KS Bancorp Inc.’s (KSBI) Rule 506(b) offering?

The first sale in KS Bancorp Inc.’s exempt debt offering occurred on June 15, 2026. This date marks when investors first purchased securities in the Rule 506(b) transaction described in the Form D notice.

Did KS Bancorp Inc. (KSBI) pay any finders’ fees in this $3,000,000 offering?

The Form D indicates finders’ fees of $0 for KS Bancorp Inc.’s offering. This means no separate fees were reported as paid to third-party finders for placing the $3,000,000 of debt securities with investors.

What exemption from registration is KS Bancorp Inc. (KSBI) using for this offering?

KS Bancorp Inc. claims the private offering exemption under Rule 506(b) of Regulation D. This exemption permits raising capital without SEC registration, generally from accredited investors, subject to limits on general solicitation and other regulatory requirements.

What industry and corporate profile does KS Bancorp Inc. (KSBI) report in this Form D?

KS Bancorp Inc. identifies as a commercial banking business and a corporation incorporated in North Carolina. The company states it was organized over five years ago and lists its principal office in Smithfield, North Carolina.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:			3235-0076
Estimated average burden
hours per response:			4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

X None

Entity Type

0000912764

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

KS BANCORP INC

Jurisdiction of Incorporation/Organization

NORTH CAROLINA

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
KS BANCORP INC
Street Address 1		Street Address 2
1031 N. BRIGHTLEAF BLVD
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
SMITHFIELD	NORTH CAROLINA	27577	9199383101

3. Related Persons

Last Name	First Name	Middle Name
Scott, Jr.	R.	Edward
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Keen	Matthew	T.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Woodruff	Gordon	C.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Jones, II	B.	Kenneth
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kirby	Winston	S.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Parker	James	C.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Brogdon	Lisa	H.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Culver	April	S.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Worley, Jr.	Earl	W.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Bailey	Travis	B.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Smith	Regina	J.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Parker	John	A.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kokiko	H.	Geoffrey
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Breault	Dit	L.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
McKinley	Tracy	E.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Thomas	Roger	K.
Street Address 1	Street Address 2
1031 N. Brightleaf Blvd
City	State/Province/Country	ZIP/PostalCode
Smithfield	NORTH CAROLINA	27577

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

4. Industry Group

Agriculture

Banking & Financial Services

X

Commercial Banking

Insurance

Investing

Investment Banking

Pooled Investment Fund

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

Yes No

Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

Oil & Gas

Other Energy

	Health Care
	Biotechnology
	Health Insurance
	Hospitals & Physicians
	Pharmaceuticals
	Other Health Care
	Manufacturing
	Real Estate
	Commercial
	Construction
	REITS & Finance
	Residential
	Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
	Over $100,000,000			Over $100,000,000
X	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

		Rule 504(b)(1) (not (i), (ii) or (iii))
		Rule 504 (b)(1)(i)
		Rule 504 (b)(1)(ii)
		Rule 504 (b)(1)(iii)
	X	Rule 506(b)
		Rule 506(c)
		Securities Act Section 4(a)(5)

Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

Section 3(c)(7)

7. Type of Filing

X	New Notice			Date of First Sale	2026-06-15				First Sale Yet to Occur
	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? Yes X No

9. Type(s) of Securities Offered (select all that apply)

	Equity		Pooled Investment Fund Interests
X	Debt		Tenant-in-Common Securities
	Option, Warrant or Other Right to Acquire Another Security		Mineral Property Securities
	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security		Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $100,000 USD

12. Sales Compensation

Recipient	Recipient CRD Number X None
(Associated) Broker or Dealer X None	(Associated) Broker or Dealer CRD Number X None
Street Address 1	Street Address 2
City	State/Province/Country	ZIP/Postal Code
State(s) of Solicitation (select all that apply) Check "All States" or check individual States All States	Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount	$3,000,000	USD	or Indefinite
Total Amount Sold	$3,000,000	USD
Total Remaining to be Sold	$0	USD	or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

16

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$0	USD	Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD X Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
KS BANCORP INC	/s/ Regina J. Smith	Regina J. Smith	Chief Financial Officer	2026-07-08

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.