Gail M. Fortes has officially reported her ownership stake in Narragansett Bancorp, Inc., as detailed in her recent SEC filing. Fortes, who serves as a director at the company, holds 100 shares of common stock. This disclosure is significant as it demonstrates a commitment to transparency among company executives.

Narragansett Bancorp, Inc. operates in the savings institutions sector, specifically categorized under savings institutions, not federally chartered. The company is based in Swansea, Massachusetts, and its business address is 330 Swansea Mall Drive. The recent filing was submitted on November 2, 2026, under accession number 0001437749-26-034389.

According to the filing, Fortes has no other securities owned, indicating a direct ownership of the reported shares. The filing states, "no securities owned" prior to this transaction, highlighting her initial stake in the company.

This update may have implications for both investors and the broader savings institutions industry. By publicly reporting her ownership, Fortes may encourage other executives to follow suit, fostering a culture of transparency. This could be particularly important in a sector where trust and accountability are vital.

The filing does not specify what actions will follow this disclosure, leaving the future steps open-ended.

Details of the Filing

The SEC Form 3 filing indicates that Gail M. Fortes is a director of Narragansett Bancorp, Inc., which is a key position that often involves significant responsibilities regarding the governance and strategic direction of the company. The filing confirms that Fortes holds a direct ownership of 100 shares of common stock, which reflects her investment in the institution.

The filing also includes the Central Index Key (CIK) for both Fortes and Narragansett Bancorp, which are 0002158028 and 0002138186, respectively. This unique identifier is crucial for tracking filings and ownership disclosures in the SEC's database.

Additionally, the business address for Narragansett Bancorp, Inc. is reiterated as 330 Swansea Mall Drive, Swansea, MA 02777, which is the same as Fortes' reported address, indicating her close ties to the company.

"The SEC Act under which this filing was made is the 1934 Act, which governs the trading of securities in the United States and mandates transparency in ownership disclosures."

Furthermore, the filing does not provide any information regarding Fortes' plans for her shares, potential future transactions, or any other securities she may acquire in the future. This leaves investors without insights into her intentions or the strategic implications of her ownership stake.