Fifth District Bancorp officer granted 11,118 shares

Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported an award of 11,118 shares of common stock on February 9, 2026.

Rhea-AI Filing Summary

Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported an award of 11,118 shares of common stock on February 9, 2026. This was a grant of restricted stock at $0.00 per share as compensation, not an open-market purchase.

According to a footnote, these restricted shares vest at a rate of 20% per year commencing on February 9, 2027. The filing also reflects a prior open-market purchase of 2,701 common shares at $13.4536 per share on August 22, 2025. Following the latest award, Smith holds 18,502 common shares directly, plus 7,045 shares held indirectly through a 401(k) plan.

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 — 7,045 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 award: 11,118 shares Restricted stock vesting rate: 20% per year Open-market purchase: 2,701 shares at $13.4536 +2 more

5 metrics

Restricted stock award 11,118 shares Common Stock grant on February 9, 2026 at $0.00 per share

Restricted stock vesting rate 20% per year Vesting commences on February 9, 2027

Open-market purchase 2,701 shares at $13.4536 Common Stock bought on August 22, 2025

Direct holdings after award 18,502 shares Common Stock directly owned following February 9, 2026 grant

Indirect 401(k) holdings 7,045 shares Common Stock held indirectly by 401(k) Plan as of August 22, 2025

Key Terms

restricted stock, Section 16 of the Securities Act of 1934, 401(k) Plan, 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.

Section 16 of the Securities Act of 1934 regulatory

"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"

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.

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 Chief Credit Officer Shane Smith report?

Shane Michael Smith reported receiving 11,118 shares of Fifth District Bancorp common stock as a restricted stock award and a prior open-market purchase of 2,701 shares. These entries show both compensation-related share grants and direct purchases of FDSB stock.

How do the FDSB restricted stock awards to Shane Smith vest?

The 11,118 restricted shares awarded to Shane Smith vest at 20% per year starting February 9, 2027. This means portions of the award become fully owned over several years, encouraging longer-term alignment with Fifth District Bancorp’s performance.

How many Fifth District Bancorp (FDSB) shares does Shane Smith hold after these transactions?

After the reported transactions, Shane Smith holds 18,502 Fifth District Bancorp common shares directly. In addition, he has 7,045 shares indirectly through a 401(k) plan, reflecting both personal holdings and retirement-plan exposure to FDSB stock.

What price did Shane Smith pay for his open-market FDSB share purchase?

On August 22, 2025, Shane Smith bought 2,701 shares of Fifth District Bancorp common stock at $13.4536 per share in the open market. This transaction is separate from the zero-cost restricted stock grant reported for February 2026.

Is the latest FDSB insider transaction a market purchase or a compensation grant?

The February 9, 2026 transaction for 11,118 FDSB shares is a compensation-related restricted stock grant at $0.00 per share. It is not an open-market buy, but part of Shane Smith’s equity-based compensation package at Fifth District Bancorp.

How does the 401(k) Plan holding affect Shane Smith’s FDSB ownership?

In addition to direct holdings, Shane Smith has 7,045 FDSB common shares held indirectly through a 401(k) Plan. This increases his overall economic exposure to Fifth District Bancorp stock beyond the directly owned 18,502 shares reported after the award.

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

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Accepted by SEC EDGAR 03/30/2026 - 03:48 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)

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								7,045(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	03/30/2026
	** 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)