Fifth District Bancorp CCO granted 11,118 shares

Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported equity compensation and prior stock purchases.

Rhea-AI Filing Summary

Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported equity compensation and prior stock purchases. On February 9, 2026, he received 11,118 shares of common stock as a grant at $0.00 per share, described as restricted stock that vests at a rate of 20% per year commencing on February 9, 2027. Following this grant, his direct holdings increased to 18,502 shares of common stock.

The filing also reflects an earlier open-market purchase on August 22, 2025, when he bought 2,701 shares of common stock at $13.4536 per share, bringing his direct holdings at that time to 7,384 shares. In addition, there is an indirect holding of 629 shares held by a 401(k) Plan, providing a view of both direct and retirement-plan-based ownership.

Insider Trade Summary

Net Buyer: 2,701 shares

Net Buy 3 txns

Insider Smith Shane Michael

Role Chief Credit Officer

Bought 2,701 shs ($36K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,118	$0.00	$0.00
Purchase	Common Stock	2,701	$13.4536	$36K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,502 shares (Direct); Common Stock — 629 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. Shares of restricted stock vest at a rate of 20% per year commencing on February 9, 2027.
2. F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

Key Figures

Restricted stock grant: 11,118 shares Grant price: $0.0000 per share Vesting rate: 20% per year +5 more

8 metrics

Restricted stock grant 11,118 shares Common Stock grant on February 9, 2026

Grant price $0.0000 per share Price for 11,118-share restricted stock award

Vesting rate 20% per year Restricted stock vests annually from February 9, 2027

Open-market purchase 2,701 shares Common Stock bought on August 22, 2025

Purchase price $13.4536 per share Price for 2,701-share open-market buy

Direct holdings after grant 18,502 shares Total direct Common Stock after February 9, 2026 award

Indirect 401(k) holdings 629 shares Common Stock held by 401(k) Plan as of August 22, 2025

Direct holdings after 2025 purchase 7,384 shares Total direct Common Stock after August 22, 2025 buy

Key Terms

restricted stock, 401(k) Plan, Section 16, open-market purchase, +1 more

5 terms

restricted stock financial

"Shares of restricted stock vest at a rate of 20% per year"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

401(k) Plan financial

"nature_of_ownership: By 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Section 16 regulatory

"transactions not required to be reported pursuant to Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did FDSB’s Chief Credit Officer report?

The Chief Credit Officer reported receiving 11,118 shares of common stock as a stock grant and previously buying 2,701 shares in the open market. These transactions increased his direct ownership and supplement additional shares held indirectly through a 401(k) Plan.

How many Fifth District Bancorp (FDSB) shares were granted to the insider?

He received a grant of 11,118 shares of common stock at no purchase price. The grant is structured as restricted stock that vests in stages, adding to his existing holdings and aligning compensation with long-term company performance.

What is the vesting schedule for the FDSB restricted stock grant?

The restricted stock vests at a rate of 20% per year, starting on February 9, 2027. This means the award becomes fully vested over multiple years, encouraging continued service and longer-term alignment with shareholders’ interests.

Did the FDSB insider buy shares in the open market?

Yes. On August 22, 2025, he purchased 2,701 shares of common stock in the open market at $13.4536 per share. This open-market purchase increased his direct ownership stake at that time to 7,384 shares.

What are the insider’s total direct and indirect FDSB share holdings?

After the February 9, 2026 grant, his direct holdings rose to 18,502 shares of common stock. Separately, 629 additional shares are held indirectly through a 401(k) Plan, providing retirement-plan exposure to the company’s stock.

Are all transactions in the FDSB Form 4/A subject to Section 16 reporting?

A footnote states that some reflected items represent transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934. However, they are still included to present a more complete picture of the insider’s holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 03:13 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Shane Michael

(Last) (First) (Middle)

4000 GENERAL DEGAULLE DR

(Street)

NEW ORLEANS LOUISIANA 70114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fifth District Bancorp, Inc. [ FDSB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/30/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		P		2,701	A	$13.4536	7,384	D
Common Stock	02/09/2026		A		11,118(1)	A	$0	18,502	D
Common Stock								629(2)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of restricted stock vest at a rate of 20% per year commencing on February 9, 2027.

2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)