Fifth District Bancorp: Shane Smith Files Initial Ownership (Form 3)
| Field | Detail |
|---|---|
| Company | Smith Shane Michael |
| Form Type | 3 |
| Filed Date | Mar 24, 2026 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, form-3, initial-disclosure, corporate-governance
TL;DR
**New insider Shane Michael Smith just disclosed his initial stake in Fifth District Bancorp, Inc. via a Form 3.**
AI Summary
Shane Michael Smith, a new insider at Fifth District Bancorp, Inc., filed a Form 3 on March 24, 2026, indicating his initial beneficial ownership of securities as of June 1, 2025. This filing is crucial because it's the first public disclosure of his holdings, signaling his vested interest in the company's performance. Investors should note this as it provides transparency into the holdings of a key individual within the company, which can influence future stock performance.
Why It Matters
This filing reveals Shane Michael Smith's initial stake in Fifth District Bancorp, Inc., offering transparency into insider holdings and potential alignment with shareholder interests.
Risk Assessment
Risk Level: low — A Form 3 filing is a routine disclosure of initial insider ownership and does not inherently indicate significant risk.
Analyst Insight
Investors should note the addition of Shane Michael Smith as an insider at Fifth District Bancorp, Inc. and monitor future Form 4 filings for any changes in his ownership, which could signal his confidence or concerns about the company.
Key Numbers
- 0002123650 — Reporting Person CIK (Identifies Shane Michael Smith)
- 0002012726 — Issuer CIK (Identifies Fifth District Bancorp, Inc.)
- 2026-03-24 — Filing Date (When the Form 3 was submitted to the SEC)
- 2025-06-01 — Period of Report (The date for which the ownership is being reported)
Key Players & Entities
- Smith Shane Michael (person) — Reporting Person
- Fifth District Bancorp, Inc. (company) — Issuer
- 0002123650 (dollar_amount) — CIK of Reporting Person
- 0002012726 (dollar_amount) — CIK of Issuer
- 2026-03-24 (dollar_amount) — Filing Date
- 2025-06-01 (dollar_amount) — Period of Report
Forward-Looking Statements
- Shane Michael Smith will file a Form 4 in the future to report changes in his ownership of Fifth District Bancorp, Inc. securities. (Smith Shane Michael) — high confidence, target: N/A (ongoing)
FAQ
Who is the reporting person in this Form 3 filing?
The reporting person is Smith Shane Michael, identified by CIK 0002123650.
What company is the issuer of the securities mentioned in this filing?
The issuer is Fifth District Bancorp, Inc., identified by CIK 0002012726.
What is the purpose of a Form 3 filing?
A Form 3 is an 'Initial statement of beneficial ownership of securities,' meaning it's filed when an individual first becomes an insider (e.g., officer, director, or 10%+ shareholder) of a company and needs to disclose their initial holdings.
When was this Form 3 filing submitted to the SEC?
This Form 3 was filed on March 24, 2026, and accepted on the same day at 16:44:22.
What is the 'Period of Report' for this filing?
The 'Period of Report' for this filing is June 1, 2025, indicating the date as of which the beneficial ownership is being reported.
Filing Stats: 412 words · 2 min read · ~1 pages · Grade level 9 · Accepted 2026-03-24 16:44:22
Filing Documents
- rdgdoc.html (3)
- rdgdoc.xml (3) — 2KB
- 0001437749-26-009634.txt ( ) — 3KB
From the Filing
SEC FORM 3 SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Smith Shane Michael (Last) (First) (Middle) 4000 GENERAL DEGAULLE DR (Street) NEW ORLEANS LOUISIANA 70114 (City) (State) (Zip) UNITED STATES (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 06/01/2025 3. Issuer Name and Ticker or Trading Symbol Fifth District Bancorp, Inc. [ FDSB ] 3a. Foreign Trading Symbol 5. If Amendment, Date of Original Filed (Month/Day/Year) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Credit Officer 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 Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 4,683 D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: /s/ Victor L. Cangelosi, pursuant to power of attorney 03/24/2026 ** 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 5 (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. * Form 3: SEC 1473 (03-26)