Ledet Don P 4

What Happened
Don P. Ledet, Chief Risk Officer of Catalyst Bancorp (CLST), was granted a total of 3,000 shares (1,000 shares and a 2,000-share derivative award) on June 10, 2026. On the same date he had 131 shares disposed (sold/withheld) at $15.96 per share to satisfy tax withholding obligations, generating proceeds of approximately $2,091. The 3,000-share awards were granted at $0 (award/vesting), not a market purchase.

Key Details

• Transaction date: June 10, 2026; filing date: June 12, 2026 (filed two days after the transaction).
• Disposition: 131 shares at $15.96 per share — total ≈ $2,091; footnote F1: disposition solely to meet tax obligations from a stock benefit plan.
• Acquisitions: 1,000 shares (grant, $0) and 2,000 shares (grant/derivative, $0).
• Vesting/plan notes: grants are under the Issuer’s 2022 Recognition and Retention Plan. Footnotes indicate portions are unvested and generally vest at 20% per year with varying commencement dates (see F2–F4).
• Shares owned after transaction: not specified in the materials provided.
• Filing timeliness: filed June 12, 2026 for a June 10, 2026 transaction — appears timely (Form 4 is generally due within two business days).

Context
The 3,000-share entries are awards/derivative grants (not open-market purchases) and are subject to vesting schedules — these are long-term compensation rather than an immediate buy signal. The 131-share transfer was a routine tax-withholding disposition and should be viewed as settlement of tax obligations, not a market-driven sale.