Fifth District Bancorp director sells 9,000 shares
Fifth District Bancorp, Inc. (FDSB) director Chris M. Rittiner reported open-market sales of 9,000 shares of Common Stock on August 24–25, 2026 at prices around $18.00–$18.39.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Fifth District Bancorp, Inc. (FDSB) director Chris M. Rittiner reported open-market sales of 9,000 shares of Common Stock on August 24–25, 2026 at prices around $18.00–$18.39. The filing also shows a direct holding of stock options for 27,797 underlying shares at a $13.94 exercise price, and an indirect ownership of 25,000 shares held by his spouse. Certain holdings include restricted stock and options that vest at 20% per year commencing September 16, 2026.
Insider Trade Summary
Net Seller: 9,000 shares
Net Sell
8 txns
Insider
Rittiner Chris M.
Role
Director
Sold
9,000 shs ($164K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2, F1 | 8,400 | $18.19 | $153K |
| Sale | Common Stock F1 | 100 | $18.21 | $2K |
| Sale | Common Stock F1 | 100 | $18.22 | $2K |
| Sale | Common Stock F1 | 100 | $18.33 | $2K |
| Sale | Common Stock F1 | 246 | $18.34 | $5K |
| Sale | Common Stock F1 | 54 | $18.35 | $990.90 |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,118 shares (Direct);
Stock Options — 27,797 contracts (Direct);
Common Stock — 25,000 shares (Indirect, By Spouse)
Footnotes (3)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 16, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3. Stock Options vest at a rate of 20% per year commencing on September 16, 2026.
Key Figures
Total shares sold: 9,000 shares
Sale on August 25, 2026: 8,400 shares at $18.19 per share (weighted average)
Sales on August 24, 2026: 600 shares at $18.21–$18.35 per share
+5 more
8 metrics
Total shares sold
9,000 shares
Aggregate Common Stock sales reported in the transaction summary
Sale on August 25, 2026
8,400 shares at $18.19 per share (weighted average)
Open-market sale of Common Stock with prices from $18.00 to $18.39
Sales on August 24, 2026
600 shares at $18.21–$18.35 per share
Multiple Common Stock sales of 100, 100, 100, 246 and 54 shares
Stock Options exercise price
$13.94 per share
Exercise price for options over 27,797 underlying Common Stock shares
Underlying shares in Stock Options
27,797 shares
Direct option position expiring September 16, 2035
Indirect holdings by spouse
25,000 shares
Indirect ownership of Common Stock noted as "By Spouse"
Vesting rate for restricted stock and options
20% per year
Vesting commences on September 16, 2026
Options expiration date
September 16, 2035
Expiration of Stock Options over 27,797 underlying shares
Key Terms
weighted average price, restricted stock, Stock Options, indirect ownership, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock financial
"Includes shares of restricted stock which 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.
Stock Options financial
"Stock Options vest at a rate of 20% per year commencing"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
indirect ownership financial
"total_shares_following_transaction" : "25000.0000", "ownership_type" : "indirect""
exercise price financial
"exercisePrice" : "13.9400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did FDSB director Chris M. Rittiner report on this Form 4?
He reported sales totaling 9,000 shares of Fifth District Bancorp, Inc. Common Stock in open-market transactions on August 24–25, 2026, according to the Form 4 insider filing.
What option holdings for FDSB does Chris M. Rittiner report?
He reports Stock Options over 27,797 underlying shares of Common Stock with an exercise price of $13.94 and an expiration date of September 16, 2035. These options vest at 20% per year starting September 16, 2026.
Are any of Chris M. Rittiner’s FDSB holdings subject to vesting?
Yes. A footnote states that certain restricted stock and the reported Stock Options each vest at a rate of 20% per year commencing on September 16, 2026, indicating these awards become fully vested over multiple years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
