Fifth District Bancorp Form 4: 150-share sale; 27,797 options noted

Rhea-AI Filing Summary

Linda A. Sins, a director of Fifth District Bancorp, Inc. (FDSB), reported a sale of 150 shares of the company's common stock on 09/18/2025 at a price of $13.9455 per share. The filing lists her beneficial holdings across several forms: 11,118 shares of restricted common stock (vesting 20% per year beginning 09/16/2026), 20,000 shares held indirectly via an IRA, and 5,000 shares held indirectly via a spouse's IRA.

The report also discloses outstanding stock options covering 27,797 shares with an exercise price of $13.94, exercisable beginning 09/16/2026 and expiring 09/16/2035, with options vesting 20% per year starting 09/16/2026. The Form 4 was signed under power of attorney.

Positive

• Timely disclosure of insider transaction under Section 16
• Clear vesting schedules for restricted stock and options (20% per year beginning 09/16/2026)
• Detailed breakdown of holdings: restricted shares, IRA holdings, spouse's IRA

Negative

• Director sale of 150 shares reduces insider ownership (though amount is modest)
• Potential future dilution from 27,797 options exercisable starting 09/16/2026

Insights

Corporate Governance Expert

TL;DR Director sale is routine and small relative to disclosed holdings; vesting schedules show medium-term retention incentives.

The transaction is a reported sale of 150 shares at $13.9455, which appears modest relative to the director's aggregate indirect holdings and option position. The presence of restricted stock and options that vest at 20% per year beginning 09/16/2026 indicates structured retention incentives. From a governance perspective, timely disclosure under Section 16 is observed. No departures, new grants beyond those disclosed, or material changes to control are indicated in this filing.

Securities Analyst

TL;DR Transaction is a small disclosed sale; outstanding options and restricted shares provide potential future equity dilution timing.

The sale of 150 shares at $13.9455 is an identifiable liquidity event but is small versus the reported 27,797 option-covered shares and 11,118 restricted shares. The options have a $13.94 strike and become exercisable starting 09/16/2026, with expiry 09/16/2035, which sets a clear timetable for potential future exercises and associated dilution if exercised. The filing contains no earnings, material contracts, or liability disclosures.

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).

1. Name and Address of Reporting Person^*

Sins Linda A.

(Last) (First) (Middle)

4000 GENERAL DEGAULLE DR

(Street)

NEW ORLEANS LA 70114

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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

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

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

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	09/18/2025		S		150	D	$13.9455	0	I	By Corporation
Common Stock								11,118(1)	D
Common Stock								20,000	I	By IRA
Common Stock								5,000	I	By Spouse's IRA

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
Stock Options	$13.94							09/16/2026	09/16/2035	Common Stock	27,797(2)		27,797(2)	D

Explanation of Responses:

1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 16, 2026.

2. Stock Options vest at a rate of 20% per year commencing on September 16, 2026.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	09/18/2025
	** 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.

FAQ

What did FDSB director Linda A. Sins report on Form 4?

She reported a sale of 150 shares of common stock on 09/18/2025 at $13.9455 per share and disclosed her beneficial holdings and option positions.

How many shares does Linda A. Sins beneficially own according to the filing?

The filing lists 11,118 restricted common shares, 20,000 held via an IRA, and 5,000 held via a spouse's IRA.

What stock option position does the Form 4 disclose for Linda A. Sins?

Options covering 27,797 shares with a $13.94 exercise price, exercisable beginning 09/16/2026 and expiring 09/16/2035.

When do the restricted shares and options vest?

Both the restricted shares and the stock options vest at a rate of 20% per year commencing on 09/16/2026.

Was the Form 4 signed directly by the reporting person?

The filing shows it was signed under a power of attorney by Victor L. Cangelosi on behalf of the reporting person.