Director trims Fifth District Bancorp (FDSB) stake with 2,692-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth District Bancorp director Linda A. Sins reported net sales of 2,692 shares of Common Stock in open-market transactions. The shares were sold indirectly through an IRA and a spouse's IRA at prices between $15.00 and $15.09 per share.
After these sales, she holds 11,118 Common shares directly, 18,779 Common shares through an IRA, and 4,700 Common shares through her spouse's IRA. She also has stock options covering 27,797 Common shares at an exercise price of $13.94 per share, expiring on September 16, 2035, which vest 20% per year commencing on September 16, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,692 shares ($40,430)
Net Sell
5 txns
Insider
Sins Linda A.
Role
null
Sold
2,692 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,221 | $15.00 | $18K |
| Sale | Common Stock | 1,171 | $15.02 | $18K |
| Sale | Common Stock | 300 | $15.09 | $5K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,779 shares (Indirect, By IRA);
Stock Options — 27,797 shares (Direct, null);
Common Stock — 11,118 shares (Direct, null)
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 16, 2026. Stock Options vest at a rate of 20% per year commencing on September 16, 2026.
Key Figures
Shares sold: 2,692 shares
Sale prices: $15.09, $15.02, $15.00 per share
Direct common holdings: 11,118 shares
+5 more
8 metrics
Shares sold
2,692 shares
Open-market Common Stock sales on May 20, 2026
Sale prices
$15.09, $15.02, $15.00 per share
Common Stock sale transaction prices
Direct common holdings
11,118 shares
Common Stock held directly after transactions
IRA holdings
18,779 shares
Common Stock held indirectly by IRA after transactions
Spouse IRA holdings
4,700 shares
Common Stock held indirectly by spouse's IRA after transactions
Stock option position
27,797 underlying shares
Stock options on Common Stock held directly
Option exercise price
$13.94 per share
Exercise price for stock options expiring September 16, 2035
Vesting schedule
20% per year
Restricted stock and options vesting from September 16, 2026
Key Terms
restricted stock, Stock Options, open-market sale, IRA, +1 more
5 terms
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 on September 16, 2026"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
exercise price financial
"conversion_or_exercise_price": "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
What did Fifth District Bancorp (FDSB) director Linda Sins report on this Form 4?
Director Linda A. Sins reported open-market sales of 2,692 Fifth District Bancorp shares. The transactions reduced indirect IRA holdings while she retained substantial direct stock and stock option positions in the company.
What stock options in Fifth District Bancorp does Linda Sins still hold?
She holds stock options on 27,797 Fifth District Bancorp shares with an exercise price of $13.94 per share. These options expire on September 16, 2035 and vest in 20% annual installments starting September 16, 2026.