Employee stock plan holds 8.3% of Fifth District Bancorp (FDSB) common shares

Rhea-AI Filing Summary

Fifth District Savings Bank Employee Stock Ownership Plan Trust reported beneficial ownership of 444,719.35 shares of Fifth District Bancorp, Inc. common stock, representing 8.3% of the class as of 12/31/2025.

The trust has sole voting power over 400,282.20 shares and shared voting power over 44,437.15 shares. It holds sole dispositive power over all 444,719.35 shares and no shared dispositive power. The securities are stated to be held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Fifth District Bancorp, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

316926104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 316926104

1

Names of Reporting Persons

Fifth District Savings Bank Employee Stock Ownership Plan Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

LOUISIANA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 400,282.20
6	Shared Voting Power 44,437.15
7	Sole Dispositive Power 444,719.35
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

444,719.35

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.3 %

12

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fifth District Bancorp, Inc.
(b)	Address of issuer's principal executive offices: 4000 General DeGaulle Drive, New Oreans, Louisiana, 70114
Item 2.
(a)	Name of person filing: Fifth District Savings Bank Employee Stock Ownership Plan Trust Trustee: Delaware Charter Guarantee & Trust Company dba Principal Trust Company
(b)	Address or principal business office or, if none, residence: 1013 Centre Road, Suite 300 Wilmington, Delaware 19805
(c)	Citizenship: Louisiana
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 316926104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 444,719.35
(b)	Percent of class: 8.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 400,282.20
	(ii) Shared power to vote or to direct the vote: 44,437.15
	(iii) Sole power to dispose or to direct the disposition of: 444,719.35
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fifth District Savings Bank Employee Stock Ownership Plan Trust

Signature:	/s/ Jared Gillespie
Name/Title:	Jared Gillespie, Vice President Operations, Delaware Charter Guarantee & Trust Company dba Principal Trust Company, Trustee
Date:	02/13/2026

FAQ

How many Fifth District Bancorp (FDSB) shares does the ESOP Trust own?

The employee stock ownership plan trust beneficially owns 444,719.35 shares of Fifth District Bancorp common stock. This position includes shares over which it has varying voting powers but full sole dispositive power, reflecting the trust’s role in holding stock for employee benefit purposes.

What percentage of Fifth District Bancorp (FDSB) does the ESOP Trust hold?

The ESOP Trust reports holding 8.3% of the outstanding common stock of Fifth District Bancorp. This percentage reflects its 444,719.35 beneficially owned shares relative to the company’s total common shares, indicating a significant employee-related ownership stake.

What voting power does the ESOP Trust report in FDSB shares?

The ESOP Trust has sole voting power over 400,282.20 shares and shared voting power over 44,437.15 shares. Combined, these figures describe how many shares the trustee can vote alone versus in conjunction with others on corporate matters.

What dispositive power does the ESOP Trust have over FDSB stock?

The ESOP Trust reports sole dispositive power over 444,719.35 shares and no shared dispositive power. Dispositive power describes the authority to sell or otherwise dispose of the shares held for the benefit of plan participants.

Is the ESOP Trust seeking to influence control of Fifth District Bancorp (FDSB)?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Fifth District Bancorp, aligning this holding with passive, employee-benefit-related ownership.

Who is the trustee for the Fifth District Bancorp (FDSB) ESOP Trust?

The trustee for the ESOP Trust is Delaware Charter Guarantee & Trust Company dba Principal Trust Company. The filing is signed by Jared Gillespie, Vice President Operations, on behalf of the trustee administering the employee stock ownership plan trust.