SCHEDULE 13D/A 0001193805-25-001231 0001724246 XXXXXXXX LIVE 3 Common Stock, No Par Value 01/28/2026 false 0000701347 154760409 CENTRAL PACIFIC FINANCIAL CORP

220 S KING ST HONOLULU HI 96813

HOLDCO ASSET MANAGEMENT, LP 954-433-6862 515 E. Las Olas Blvd., Suite 1010 Fort Lauderdale FL 33301 MEAGAN REDA, ESQ. 212-451-2300 OLSHAN FROME WOLOSKY LLP 1325 Avenue of the Americas New York NY 10019 0002006433 N VM GP VII LLC OO N DE 0.00 67596.00 0.00 67596.00 67596.00 N 0.3 OO 0002005872 N HoldCo Opportunities Fund V, L.P. WC N DE 0.00 2359980.00 0.00 2359980.00 2359980.00 N 8.9 PN Y VM GP X LLC OO N DE 0.00 2359980.00 0.00 2359980.00 2359980.00 N 8.9 OO 0001724246 N HoldCo Asset Management, LP OO N DE 0.00 2359980.00 0.00 2359980.00 2359980.00 N 8.9 IA PN 0001844704 N VM GP II LLC OO N DE 0.00 2359980.00 0.00 2359980.00 2359980.00 N 8.9 OO 0001861474 N Zaitzeff Michael OO N X1 0.00 2427576.00 0.00 2427576.00 2427576.00 N 9.2 IN Y Vikaran Ghei OO N X1 0.00 2427576.00 0.00 2427576.00 2427576.00 N 9.2 IN Common Stock, No Par Value CENTRAL PACIFIC FINANCIAL CORP 220 S KING ST HONOLULU HI 96813 The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (the "Amendment No. 3"). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D. Item 3 is hereby amended and restated to read as follows: The Shares held by VM GP VII were acquired through an in-kind distribution of carried interest in connection with the wind-down of a prior investment vehicle over which VM GP VII served as general partner. The aggregate purchase price of the Shares held by VM GP VII is approximately $172,229, including brokerage commissions. The Shares purchased by Fund V were purchased with working capital and may be held from time to time in margin accounts established with its brokers or banks. Securities positions held in such margin accounts, including the Shares, may be pledged as collateral security for the repayment of debit balances in such accounts. The aggregate purchase price of the 2,359,980 Shares beneficially owned by Fund V is approximately $67,720,474, including brokerage commissions. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based on 26,374,967 Shares outstanding as of December 31, 2025, which is the total number of Shares outstanding as disclosed in Exhibit 99.l to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 28, 2026. See rows (11) and (13) of the cover pages to this Amendment No. 3 for the aggregate number of Shares and percentage of the Shares beneficially owned by each of the Reporting Persons. The filing of this Amendment No. 3 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. Item 5(b) is hereby amended and restated to read as follows: See rows (7) through (10) of the cover pages to this Amendment No. 3 for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition. Item 5(c) is hereby amended and restated to read as follows: There have been no transactions in securities of the Issuer by the Reporting Persons during the past 60 days. VM GP VII LLC /s/ Michael Zaitzeff 01/29/2026 HoldCo Opportunities Fund V, L.P. /s/ Michael Zaitzeff 01/29/2026 VM GP X LLC /s/ Michael Zaitzeff 01/29/2026 HoldCo Asset Management, LP /s/ Michael Zaitzeff 01/29/2026 VM GP II LLC /s/ Michael Zaitzeff 01/29/2026 Zaitzeff Michael /s/ Michael Zaitzeff 01/29/2026 Vikaran Ghei /s/ Vikaran Ghei 01/29/2026