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

Rhea-AI Filing Summary

Fifth District Bancorp director Nolan P. Lambert reported equity awards on 09/16/2025. The filing shows acquisition of 11,118 shares of restricted common stock at $0 and receipt of 27,797 stock options with a $13.94 exercise price covering 27,797 underlying shares. Following the transactions Mr. Lambert directly beneficially owns 11,118 shares and 27,797 options. He also reports indirect holdings of 11,400 shares by IRA, 3,600 by Roth IRA, 14,000 by spouse's Roth IRA and 6,000 by spouse's IRA. The restricted shares and options vest at 20% per year beginning 09/16/2026. The form is signed pursuant to power of attorney on 09/17/2025.

Positive

• New equity grants disclosed: 11,118 restricted shares and 27,797 options reported, providing transparency on director compensation
• Clear vesting schedule: Both restricted shares and options vest at 20% per year starting 09/16/2026, explicitly stated in the filing
• Detailed beneficial ownership: Filing lists direct holdings and multiple indirect IRA/spouse accounts, aiding investor clarity

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received time‑vested restricted stock and options; immediate ownership disclosed, with vesting starting 09/16/2026.

The Form 4 documents a standard equity grant and associated beneficial ownership disclosure for director Nolan P. Lambert. Material facts include 11,118 restricted shares granted at $0 and 27,797 options at a $13.94 exercise price, both vesting 20% annually beginning 09/16/2026. The filing also details indirect retirement account holdings and spouse-held IRAs, clarifying the reporting person’s aggregate exposure to company equity. This is a routine, non‑transactional compensation disclosure rather than a market sale or purchase.

Corporate Governance Expert

TL;DR: Equity awards appear structured for long‑term retention with staged vesting; disclosure aligns with Section 16 reporting requirements.

The filing shows time‑based vesting (20% per year) for both restricted stock and options, indicating a multi‑year retention schedule explicitly stated to commence on 09/16/2026. The report includes complete breakdown of direct and indirect beneficial ownership, including multiple IRA accounts and spouse accounts, which supports transparency under insider reporting rules. Execution via power of attorney on 09/17/2025 is properly documented in the signature block.

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^*

Lambert Nolan P.

(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								11,400	I	By IRA
Common Stock								3,600	I	By Roth IRA
Common Stock								14,000	I	By Spouse's Roth IRA
Common Stock								6,000	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	09/16/2025		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).
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 Nolan P. Lambert acquire for Fifth District Bancorp (FDSB)?

He acquired 11,118 restricted common shares at $0 and received 27,797 stock options with a $13.94 exercise price on 09/16/2025.

When do the restricted shares and options vest for the FDSB Form 4?

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

How many shares does Nolan P. Lambert beneficially own after the reported transaction?

Following the transaction he directly beneficially owns 11,118 shares and directly holds 27,797 options; indirect holdings include 11,400, 3,600, 14,000, and 6,000 in various IRA/spouse accounts.

What is the exercise price and underlying share count of the options reported?

The options have an exercise price of $13.94 and cover 27,797 underlying common shares.

Who signed the Form 4 and when was it filed?

The form is signed pursuant to power of attorney by Victor L. Cangelosi and dated 09/17/2025 in the signature block.