Smith Shane Michael 4

What Happened

• Shane Michael Smith, Chief Credit Officer of Fifth District Bancorp (FDSB), made an open-market purchase of 2,701 shares on 2025-08-22 at $13.45 per share (total $36,338). He was also granted 11,118 shares on 2026-02-09 as an award (reported at $0.00).

Key Details

• Purchase: 2,701 shares on 2025-08-22 at $13.45 each — $36,338 total.
• Award/Grant: 11,118 shares on 2026-02-09 reported at $0.00.
• Vesting: The granted restricted shares vest at 20% per year beginning February 9, 2027 (i.e., five-year vesting schedule). (Footnote F1)
• Filing notes: Filing accession 0001437749-26-010287 was submitted 2026-03-30; the August 2025 purchase was reported after the typical 2-business-day Section 16 window (late filing). (Footnote F2 notes certain reported items reflect transactions not required under Section 16.)
• Shares owned after the transactions were not specified in the provided filing details.

Context

• The open-market purchase is a direct buy of company stock (a bullish signal in that it increases insider ownership), while the 11,118-share award is compensation in restricted stock that vests over time and does not represent immediately tradable shares.
• Late reporting can affect transparency for investors and may be noted by regulators; it does not, by itself, indicate the financial intent behind the transactions.