Mark Zames files 13D on SNNF with 165,023 shares, 9.2%
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D
Rhea-AI Filing Summary
Seneca Bancorp (SNNF): Mark Zames filed a Schedule 13D reporting beneficial ownership of 165,023 shares of common stock, representing 9.2% of the class. The filing notes that this percentage is based on 1,792,992 shares outstanding deemed outstanding for this purpose.
Zames holds sole voting and dispositive power over all reported shares and includes 2,789 shares issuable upon option exercise within 60 days of October 15, 2025. The filing lists a recent open-market purchase on October 15, 2025 of 25,000 shares at $10.00 per share. The shares are held for investment purposes, and Zames, who serves as Chairman of the Board, may buy or sell shares or consider corporate actions as circumstances warrant.
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FAQ
What stake did Mark Zames report in Seneca Bancorp (SNNF)?
He reported 165,023 shares, representing 9.2% of the common stock.
Does the reported ownership include options?
Yes. It includes 2,789 shares issuable upon option exercise within 60 days of October 15, 2025.
What voting and dispositive power does Zames report?
He reports sole voting power and sole dispositive power over 165,023 shares.
What is Mark Zames’s role at Seneca Bancorp?
He is the Chairman of the Board of Directors.
What is the stated purpose of Zames’s investment?
The shares are held for investment purposes, and he may acquire or dispose of securities as circumstances warrant.