[Form 4] Fifth District Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Linda A. Sins, a director of Fifth District Bancorp, Inc. (FDSB), reported transactions dated 09/16/2025. She acquired 11,118 shares of restricted common stock at no cash price, bringing her direct beneficial ownership to 11,118 shares. She also holds indirect interests of 20,000 shares via her IRA, 5,000 via her spouse's IRA, and 150 shares held by a corporation.

On the same date she was granted 27,797 stock options with an exercise price of $13.94, covering 27,797 underlying shares, exercisable beginning 09/16/2026 and expiring 09/16/2035. Both the restricted shares and the options vest at 20% per year commencing 09/16/2026. The form was filed under power of attorney on 09/17/2025.

Insights

Financial Analyst

TL;DR: Director received equity and options as compensation; vesting begins in one year, aligning incentives with long-term performance.

The Form 4 shows a director-level equity grant structure: 11,118 restricted shares and 27,797 options at a $13.94 exercise price, both vesting 20% annually starting 09/16/2026. This is a common compensation approach to retain executives and align with shareholder interests. The immediate direct ownership is limited to the restricted shares while additional indirect holdings total 25,150 shares via IRAs and a corporation. No dispositions or cash purchases are reported.

Corporate Governance Expert

TL;DR: Granting restricted stock and time‑vesting options to a director is routine; vesting schedule supports retention without immediate dilution.

The disclosure is clear on vesting commencement and schedule: both equity types vest at 20% per year beginning 09/16/2026. The option term extends to 2035, providing long-term upside potential. Filings are timely and signed via power of attorney on 09/17/2025, meeting Form 4 procedural requirements. No potential conflicts or unusual transfer mechanisms are disclosed.

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

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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)
09/16/2025

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	09/16/2025		A		11,118(1)	A	$0	11,118	D
Common Stock								20,000	I	By IRA
Common Stock								5,000	I	By Spouse's IRA
Common Stock								150	I	By Corporation

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	09/16/2025		A		27,797(2)		09/16/2026	09/16/2035	Common Stock	27,797(2)	$0	27,797(2)	D

Explanation of Responses:

1. Shares of restricted stock 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	09/17/2025
	** 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).
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