SCHEDULE: Fifth District ESOP Discloses 8.3% Stake in Bancorp

The Fifth District Savings Bank Employee Stock Ownership Plan Trust has reported an 8.3% beneficial ownership stake in Fifth District Bancorp, Inc. as of December 31, 2025.

Summary

• The Fifth District Savings Bank Employee Stock Ownership Plan Trust beneficially owns 444,719.35 shares of Fifth District Bancorp, Inc. Common Stock.
• This ownership represents 8.3% of the total class of securities.
• The Trust holds sole voting power over 400,282.20 shares and shared voting power over 44,437.15 shares.
• Sole dispositive power is held over 444,719.35 shares, with no shared dispositive power.
• The filing was made pursuant to Rule 13d-1(b), indicating the reporting person is an employee benefit plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure of a significant, but not unexpected, institutional ownership stake by an employee benefit plan, carrying a neutral sentiment.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• The securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that employee stock ownership plans (ESOPs) holding significant stakes are a common structure within the banking and financial services industry, often designed to align employee interests with the long-term performance and stability of the company.

Comparison to Industry Standards

• StockSavvy.ai observes that an 8.3% stake held by an ESOP is a substantial holding, indicating strong employee investment in the company's future. This level of employee ownership is comparable to similar ESOP structures seen in regional banks, such as the ESOPs of Bank of Hawaii Corporation or First Financial Bancorp, which also maintain significant, though varying, percentages of their respective companies to foster employee alignment and retention.

Related Party Transactions

• The reporting person, Fifth District Savings Bank Employee Stock Ownership Plan Trust, is a related party to Fifth District Bancorp, Inc. as it holds shares for the benefit of employees of a related entity.

Stakeholder Impact

• Shareholders gain clarity on a significant institutional holder and the distribution of ownership.
• Employees of Fifth District Savings Bank have a direct stake in the performance of Fifth District Bancorp, Inc. through the ESOP.

Key Dates

Keywords

Fifth District Bancorp, Employee Stock Ownership Plan, ESOP, Beneficial Ownership, Schedule 13G, Common Stock, Financial Services, Banking