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Filing Details

Accession Number:: 0000950170-25-020377
Form Type:: 13G Filing
Publication Date:: 2025-02-13 19:00:00

Filed By:: Endeavour Capital Advisors Inc.
Company:: Southern First Bancshares Inc (NASDAQ:SFST)
Filing Date:: 2025-02-14
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Beneficially Owned Number of Aggregate Shares	Percent of Class
Endeavour Capital Advisors Inc.	580,408	7.1%
Endeavour Regional Bank Opportunities Fund II L.P.	410,738	5%
Laurence M. Austin	580,408	7.1%
Mitchell J. Katz	580,408	7.1%
Jonah Marcus	580,408	7.1%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Southern First Bancshares, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

842873101

(CUSIP Number)

12/31/2024

(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.

842873101

Names of Reporting Persons

Endeavour Capital Advisors Inc.

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

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 580,408.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 580,408.00

Aggregate Amount Beneficially Owned by Each Reporting Person

580,408.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

7.1 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

842873101

Names of Reporting Persons

Endeavour Regional Bank Opportunities Fund II L.P.

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

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,738.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,738.00

Aggregate Amount Beneficially Owned by Each Reporting Person

410,738.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

5 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

842873101

Names of Reporting Persons

Laurence M. Austin

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

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 580,408.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 580,408.00

Aggregate Amount Beneficially Owned by Each Reporting Person

580,408.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

7.1 %

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP No.

842873101

Names of Reporting Persons

Mitchell J. Katz

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

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 580,408.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 580,408.00

Aggregate Amount Beneficially Owned by Each Reporting Person

580,408.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

7.1 %

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP No.

842873101

Names of Reporting Persons

Jonah Marcus

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

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 580,408.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 580,408.00

Aggregate Amount Beneficially Owned by Each Reporting Person

580,408.00

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

Checkbox not checked

Percent of class represented by amount in row (9)

7.1 %

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Southern First Bancshares, Inc.

(b)

Address of issuer's principal executive offices:

6 Verdae Boulevard, Greenville, SC 29607

Item 2.

(a)

Name of person filing:

This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1(k)(1) promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Act with respect to shares of Common Stock, par value $0.01 per share (the "Common Stock") of Southern First Bancshares, Inc. (the "Issuer"): (i) Endeavour Capital Advisors Inc. ("Endeavour"), (ii) Endeavour Regional Bank Opportunities Fund II L.P. (the "Fund"), (iii) Laurence M. Austin, (iv) Mitchell J. Katz and (v) Jonah Marcus.

(b)

Address or principal business office or, if none, residence:

Endeavour Capital Advisors Inc. 410 Greenwich Avenue Greenwich, CT 06830

(c)

Citizenship:

Endeavour is a Delaware corporation, the Fund is a Delaware limited partnership and Messrs. Austin, Katz and Marcus are citizens of the United States of America.

(d)

Title of class of securities:

Common Stock, par value $0.01 per share

(e)

CUSIP No.:

842873101

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:

The information in items 1 and 5 through 11 on the cover pages (pp. 2-5) of this Schedule 13G is hereby incorporated by reference. The ownership percentages are based on approximately 8,165,000 shares of Common Stock as reported in Exhibit 99.1 to the Issuer's Current Report on Form 8-K filed on January 28, 2025.

(b)

Percent of class:

Endeavour: 7.1% The Fund: 5.0% Laurence M. Austin: 7.1% Mitchell J. Katz: 7.1% Jonah Marcus: 7.1%

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Endeavour: 0 The Fund: 0 Laurence M. Austin: 0 Mitchell J. Katz 0 Jonah Marcus 0

(ii) Shared power to vote or to direct the vote:

Endeavour: 580,408 The Fund: 410,738 Laurence M. Austin: 580,408 Mitchell J. Katz: 580,408 Jonah Marcus: 580,408

(iii) Sole power to dispose or to direct the disposition of:

Endeavour: 0 The Fund: 0 Laurence M. Austin: 0 Mitchell J. Katz 0 Jonah Marcus 0

(iv) Shared power to dispose or to direct the disposition of:

Endeavour: 580,408 The Fund: 410,738 Laurence M. Austin: 580,408 Mitchell J. Katz: 580,408 Jonah Marcus: 580,408

Item 5.

Ownership of 5 Percent or Less of a Class.

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.

Endeavour Capital Advisors Inc.

Signature:	/s/ Glenn Hofsess
Name/Title:	Glenn Hofsess, Chief Financial Officers
Date:	02/14/2025

Endeavour Regional Bank Opportunities Fund II L.P.

Signature:	/s/ Glenn Hofsess
Name/Title:	By: Endeavour Capital Advisors Inc., its investment advisor By: Glenn Hofsess, Chief Financial Officer
Date:	02/14/2025

Laurence M. Austin

Signature:	/s/ Laurence M. Austin
Name/Title:	Laurence M. Austin
Date:	02/14/2025

Mitchell J. Katz

Signature:	/s/ Mitchell J. Katz*
Name/Title:	Mitchell J. Katz
Date:	02/14/2025

Jonah Marcus

Signature:	/s/ Jonah Marcus
Name/Title:	Jonah Marcus
Date:	02/14/2025

Comments accompanying signature: * The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein, and this report shall not otherwise be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 13(d) or Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.