[Form 4] Home Federal Bancorp, Inc. of Louisiana Insider Trading Activity

Rhea-AI Filing Summary

Insider sale reduced direct common stock holdings while multiple stock options remain outstanding. Thomas S. Trawick Jr., a director of Home Federal Bancorp, Inc. of Louisiana (HFBL), reported a sale of 8,200 shares of common stock on 09/17/2025 at a price of $13.50 per share, leaving him with 14,558 shares directly beneficially owned. The filing also discloses three sets of outstanding stock options: 18,000 shares tied to an $11.86 exercise price (exercisable beginning 11/11/2030), 5,000 shares at $11.79 vesting from 7/24/2025, and 13,000 shares at $11.50 that are fully vested and exercisable through 10/26/2025. An explanation notes vesting schedules for the option grants and that 800 of the remaining shares reflect unvested portions of a prior incentive award.

Positive

• Continued equity exposure via options: The reporting person retains option rights covering a total of 36,000 shares, including fully vested options for 13,000 shares.
• Transparent disclosure: The Form 4 details vesting schedules and the unvested portion of a prior incentive award (800 shares), supporting clear governance reporting.

Negative

• Material insider sale: The director sold 8,200 shares at $13.50, reducing direct beneficial ownership to 14,558 shares, which could be viewed negatively by some investors.
• Significant near-term exercisable exposure: There are options exercisable through 10/26/2025, which may lead to further share issuance if exercised.

Insights

Securities Analyst

TL;DR: Director sold a material block of shares but retains sizable equity and multiple vested/options, suggesting ongoing alignment with shareholders.

The reported sale of 8,200 shares at $13.50 materially reduced the reporting persons direct stake to 14,558 shares, which is a notable disposition for a board member. However, the filing also documents 36,000 underlying option rights in total across three grants, including fully vested options for 13,000 shares and longer-dated grants that continue to provide potential upside if HFBLs share price rises above exercise prices. The mix of a cash sale and retained option exposure can reflect liquidity needs or portfolio rebalancing while maintaining potential future economic participation through options. This filing appears to be a routine Section 16 disclosure of insider activity rather than an indication of corporate change.

Corporate Governance Expert

TL;DR: Transaction is a reportable insider sale with standard vesting disclosures; no governance red flags evident from the filing alone.

The Form 4 clearly identifies the reporting person as a director and provides vesting schedules for multiple option grants, including unvested portions tied to prior incentive awards. The sale is reported under transaction code S and signed by a power of attorney, which is a common administrative practice. There are no statements of option cancellations, litigation, or amendments in this filing. Based solely on the disclosed items, the filing documents typical insider compensation realization and does not raise immediate governance concerns.

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^*

TRAWICK THOMAS STEEN JR

(Last) (First) (Middle)

C/O HOME FEDERAL BANK

222 FLORIDA STREET

(Street)

SHREVEPORT LA 71105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Home Federal Bancorp, Inc. of Louisiana [ HFBL ]

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)
09/17/2025

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	09/17/2025		S		8,200	D	$13.5	14,558(1)	D

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 Option (Right to Buy)	$11.86							(3)	11/11/2030	Common Stock	18,000		18,000	D
Stock Option (Right to Buy)	$11.79							(2)	07/24/2034	Common Stock	5,000		5,000	D
Stock Option (Right to Buy)	$11.5							10/26/2020(4)	10/26/2025	Common Stock	13,000		13,000	D

Explanation of Responses:

1. Includes 800 shares granted pursuant to the 2019 Stock Incentive Plan which reflect the unvested portion of a grant award originally covering 4,000 shares that commenced vesting at a rate of 20% per year on November 11, 2021.

2. The options are vesting at a rate of 20% per year commencing on July 24, 2025.

3. The options are vesting at a rate of 20% per year commencing on November 11, 2021.

4. The options vested at a rate of 20% per year commencing on October 26, 2016 and were fully vested and exercisable as of October 26, 2020.

	/s/ Dawn F. Williams by P.O.A. for Thomas S. Trawick Jr.	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 HFBL insider Thomas S. Trawick Jr. report on Form 4?

The Form 4 reports a sale of 8,200 common shares on 09/17/2025 at $13.50 per share and shows remaining direct ownership of 14,558 shares plus outstanding stock options.

How many stock options does the reporting person hold according to the filing?

The filing shows options covering 18,000, 5,000, and 13,000 shares respectively, totaling 36,000 underlying shares.

Are any of the reported options fully vested and exercisable?

Yes. The option covering 13,000 shares with an $11.50 exercise price is fully vested and exercisable through 10/26/2025.

Did the filing disclose any amendments or unusual terms?

No amendments or unusual terms were disclosed; the Form 4 includes standard vesting schedule explanations and notes an 800-share unvested portion from a prior grant.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by /s/ Dawn F. Williams by P.O.A. for Thomas S. Trawick Jr. on 09/17/2025.