RIVERVIEW BANCORP INC — Major Shareholding Notification 2025

Jul 15, 2025

xml version="1.0" encoding="UTF-8"? SCHEDULE 13D/A 0001013594-24-000674 0001282683 XXXXXXXX LIVE 4 Common Stock, par value $0.01 07/14/2025 true 0001041368 769397100 RIVERVIEW BANCORP INC 900 WASHINGTON STREET SUITE 900 VANCOUVER WA 98660 David Nierenberg (360) 604-8600 The D3 Family Funds 19605 NE 8th Street Camas WA 98607 Christopher P. Davis (212) 986-6000 Kleinberg, Kaplan, Wolff & Cohen, P.C. 500 Fifth Avenue New York NY 10110 0001282683 Nierenberg Investment Management Company, Inc. a WC WA 0 2032775 0 2032775 2032775 N 9.7 CO 0001282685 D3 Family Fund, LP a WC WA 0 696050 0 696050 696050 N 3.3 PN 0001365745 D3 Family Bulldog Fund, LP a WC WA 0 1242337 0 1242337 1242337 N 5.9 PN 0001770705 HAREDALE LTD a WC C5 0 94388 0 94388 94388 N 0.4 CO 0001040899 Nierenberg David a AF X1 50135 2045775 50135 2045775 2095910 N 9.99 IN Common Stock, par value $0.01 RIVERVIEW BANCORP INC 900 WASHINGTON STREET SUITE 900 VANCOUVER WA 98660 The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (the "Amendment No. 4"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The total amount of funds used by the Reporting Persons to make all purchases of Shares beneficially owned by the Reporting Persons, as reported in Item 5(a,b) was approximately $9,663,485. The source of funds for purchases of Shares by each of the Reporting Persons is the working capital of the applicable D3 Family Fund and the Managed Account. We are encouraged by seven recent insider purchases. Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 20,976,200 Shares outstanding as of June 12, 2025, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 12, 2025 As of the close of business on the date hereof, the Family Fund individually beneficially owned 696,050 Shares, constituting approximately 3.3% of all of the outstanding Shares. As of the close of business on the date hereof, the Bulldog Fund individually beneficially owned 1,242,337 Shares, constituting approximately 5.9% of all of the outstanding Shares. As of the close of business on the date hereof, the Managed Account individually beneficially owned 94,388 Shares, constituting approximately 0.4% of all of the outstanding Shares. By virtue of its relationships with each of the Family Fund, the Bulldog Fund and the Managed Account discussed in further detail in Item 2, NIMCO may be deemed to be the beneficial owner of the 2,032,775 Shares beneficially owned in the aggregate by the Family Fund, the Bulldog Fund and the Managed Account, constituting approximately 9.7% of all of the outstanding Shares. Note 1: By virtue of his relationship with NIMCO discussed in further detail in Item 2, the Shares that he holds in his personal capacity and the 13,000 Shares held in an inherited IRA for the benefit of Mr. Nierenberg's spouse (the "Inherited IRA"), Mr. Nierenberg may be deemed to be the beneficial owner of the 2,095,910 Shares beneficially owned by NIMCO, those held in his personal capacity and those held in the Inherited IRA, constituting approximately 9.99% of all of the outstanding Shares. The Reporting Persons, in the aggregate, beneficially own 2,095,910 Shares, constituting approximately 9.99% of the outstanding Shares. The Family Fund, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 696,050 Shares held by the Family Fund. The Bulldog Fund, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 1,242,337 Shares held by the Bulldog Fund. The Managed Account, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 94,388 Shares held by the Managed Account. Mr. Nierenberg has sole power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 50,135 Shares held by him directly. Mr. Nierenberg does not believe that he has shared power to (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 13,000 Shares held by the Inherited IRA, but has included the Shares held by the Inherited IRA out of an abundance of caution. During the past sixty (60) days, the Reporting Persons have not entered into any transactions in the Shares except as set forth on Exhibit 1 hereto. No Person other than the Reporting Persons has the right to receive or the power to direct the receipt of distributions or dividends from, or the proceeds from the transfer of, the reported securities. Not Applicable. 1 - Transactions in the Securities Nierenberg Investment Management Company, Inc. /s/ David Nierenberg David Nierenberg, President, Nierenberg Investment Management Company, Inc. 07/15/2025 D3 Family Fund, LP /s/ David Nierenberg David Nierenberg, President, D3 Family Fund, L.P. 07/15/2025 D3 Family Bulldog Fund, LP /s/ David Nierenberg David Nierenberg, President, D3 Family Bulldog Fund, L.P. 07/15/2025 HAREDALE LTD /s/ David Nierenberg David Nierenberg, President, Nierenberg Investment Management Company, Inc., 07/15/2025 Nierenberg David /s/ David Nierenberg Nierenberg David 07/15/2025