Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Seneca Bancorp, Inc. (Name of Issuer) |
Common Stock, $0.01 Par Value (Title of Class of Securities) |
816945109 (CUSIP Number) |
Mark Zames 212 Fayette Street, Manlius, NY, 13104 (518) 618-8605 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
10/15/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 816945109 |
| 1 |
Name of reporting person
Zames Mark | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
165,023.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
9.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, $0.01 Par Value |
| (b) | Name of Issuer:
Seneca Bancorp, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
35 Oswego Street, Baldwinsville,
NEW YORK
, 13027. |
| Item 2. | Identity and Background |
| (a) | Mark Zames |
| (b) | 212 Fayette Street Manlius, New York 13104 |
| (c) | Mr. Zames is a business consultant and investor. |
| (d) | Mr. Zames has not, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors.) |
| (e) |
Mr. Zames has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and has not, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | Mr. Zames is a U.S. citizen. |
| Item 3. | Source and Amount of Funds or Other Consideration |
The shares of the Issuer's Common Stock were purchased with personal funds. | |
| Item 4. | Purpose of Transaction |
The shares covered by this Schedule 13D are being held for investment purposes. Mr. Zames may, from time to time, acquire additional securities of the Issuer using personal funds through a broker and/or privately negotiated transactions or dispose of securities. Mr. Zames does not currently have specific plans or proposals for the Issuer but as a director of the Issuer will continue to evaluate plans or proposals for transactions if applicable such as the acquisition or disposition of securities of the Issuer, mergers or acquisitions relating to the Issuer or its subsidiaries, changes in the board of directors or management of the Issuer, changes in the capitalization or dividend policy of the Issuer, changes in the Issuer's business, changes in the Issuer's Articles of Incorporation or Bylaws or other similar related transactions. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | As of the date hereof, Mr. Zames beneficially owns, in the aggregate, 165,023 shares of the Issuer's Common Stock (including 2,789 shares that can be acquired pursuant to stock options within 60 days of October 15, 2025), representing 9.2% of the 1,792,992 shares of the Common Stock deemed outstanding for such purpose. |
| (b) | Mr. Zames has sole voting and dispositive power with respect to 165,023 shares of the Issuer's Common Stock. |
| (c) | The following transactions occurred in the last 60 days: 10/15/2025 Purchase - Direct 25,000 shares $10.00 per share |
| (d) | None |
| (e) | Not applicable |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
Mr. Zames is the Chairman of the Board of Directors of the Issuer. | |
| Item 7. | Material to be Filed as Exhibits. |
Not applicable |
| 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.
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