Fifth District Bancorp (FDSB) SVP & General Counsel receives 11,118 restricted shares

Rhea-AI Filing Summary

Nolan Gregory P. reported acquisition or exercise transactions in this Form 4 filing.

Fifth District Bancorp, Inc. reported that SVP & General Counsel Gregory P. Nolan received a grant of 11,118 shares of common stock as a restricted stock award. The shares were granted at no cost and increase his direct holdings to 21,118 shares. These restricted shares vest in 20% increments each year beginning on June 8, 2027.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nolan Gregory P.

Role SVP & General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,118	$0.00	--

Holdings After Transaction: Common Stock — 21,118 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 11,118 shares Transaction price: $0.0000 per share Holdings after transaction: 21,118 shares +1 more

4 metrics

Restricted stock grant 11,118 shares Common Stock award to SVP & General Counsel on June 8, 2026

Transaction price $0.0000 per share Award granted at no purchase cost

Holdings after transaction 21,118 shares Direct common stock ownership following award

Vesting rate 20% per year Restricted shares vest annually starting June 8, 2027

Key Terms

restricted stock, vest, Grant, award, or other acquisition

3 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.

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

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^*

Nolan Gregory P.

(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)
	SVP & General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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)

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	06/08/2026		A		11,118(1)	A	$0	21,118	D

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 June 8, 2027.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	06/08/2026
	** 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)

FAQ

What insider transaction did Fifth District Bancorp (FDSB) report for Gregory P. Nolan?

Fifth District Bancorp reported that SVP & General Counsel Gregory P. Nolan received 11,118 shares of common stock as a restricted stock award. The grant increased his direct holdings to 21,118 shares following the transaction.

How many Fifth District Bancorp (FDSB) shares does Gregory P. Nolan hold after this Form 4?

After the reported transaction, Gregory P. Nolan directly holds 21,118 shares of Fifth District Bancorp common stock. This total reflects the addition of 11,118 restricted shares granted to him in the award reported on the Form 4.

What type of shares were granted to Gregory P. Nolan in this FDSB Form 4?

The shares granted to Gregory P. Nolan are restricted shares of Fifth District Bancorp common stock. They are subject to a vesting schedule and were awarded at no purchase price as part of his compensation.

What is the vesting schedule for Gregory P. Nolan’s restricted stock in FDSB?

The restricted stock granted to Gregory P. Nolan vests at a rate of 20% per year. Vesting begins on June 8, 2027, meaning the award will gradually become fully vested over multiple years after that date.

Was cash paid for the restricted stock granted to Gregory P. Nolan at Fifth District Bancorp?

No cash was paid for the restricted stock grant to Gregory P. Nolan. The Form 4 shows a per-share transaction price of $0.0000, indicating the award was granted as compensation rather than purchased in the market.

Is this Fifth District Bancorp (FDSB) Form 4 a market purchase or a compensation award?

This Form 4 reflects a compensation-related award, not a market purchase. The transaction code is “A” for grant, award, or other acquisition, and the 11,118 restricted shares were issued at zero cost to Gregory P. Nolan.