LeBouef Craig C. 4

What Happened

• Craig C. LeBouef, a director of Catalyst Bancorp (CLST), was granted equity awards on 2026-06-10: 1,058 shares (direct award) and 2,645 derivative shares (award of a derivative/security) at $0.00 per share. The two grants total 3,703 shares and were issued under the Issuer’s 2022 Recognition and Retention Plan and Trust Agreement.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (appears timely).
• Grants reported: 1,058 shares @ $0.00 (acquired) and 2,645 derivative shares @ $0.00 (acquired) — combined = 3,703 shares; no cash paid at grant.
• Vesting: Footnotes indicate these awards (and related awards/options) vest at 20% per year with varying start dates (commencement dates noted as Sept 1, 2023; June 10, 2026; and June 10, 2027 depending on the grant). Specifically, F1 notes a 20%/yr vesting starting June 10, 2027; F2 and F3 reference unvested portions from earlier grants that began vesting Sept 1, 2023 and June 10, 2026, respectively.
• Ownership note: Footnote F4 states 10,000 shares are held by Craig C. LeBouef CPA LLC (the reporting person is the sole managing member). The filing does not state a single consolidated total of beneficial ownership after these awards.
• No sale, cash exercise, or tax withholding reported in this filing.

Context

• These awards are compensation grants subject to multi-year vesting schedules (derivative awards typically represent restricted stock or similar rights). They do not represent an open-market purchase or a sale and do not by themselves indicate the director’s near-term market actions.